Berry Wealth Group LP Cuts Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Berry Wealth Group LP trimmed its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,978 shares of the financial services provider’s stock after selling 231 shares during the period. Berry Wealth Group LP’s holdings in Houlihan Lokey were worth $343,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the 3rd quarter valued at approximately $38,000. First Horizon Advisors Inc. lifted its holdings in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares in the last quarter. Quarry LP purchased a new position in Houlihan Lokey in the 3rd quarter worth approximately $76,000. Quest Partners LLC purchased a new position in Houlihan Lokey in the 3rd quarter worth approximately $92,000. Finally, UMB Bank n.a. lifted its holdings in Houlihan Lokey by 12.6% in the 3rd quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after purchasing an additional 96 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on HLI. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday. Wells Fargo & Company boosted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday, January 28th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Price Performance

Shares of HLI opened at $181.92 on Friday. The stock has a market capitalization of $12.64 billion, a price-to-earnings ratio of 34.72 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10. The business’s 50 day simple moving average is $178.78 and its 200-day simple moving average is $167.17.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.84 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

About Houlihan Lokey

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), capital market, financial restructuring, and financial and valuation advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial and Valuation Advisory.