Amalgamated Bank Lowers Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Amalgamated Bank cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,157 shares of the financial services provider’s stock after selling 77 shares during the quarter. Amalgamated Bank’s holdings in Houlihan Lokey were worth $4,716,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of HLI. Bank of New York Mellon Corp grew its position in Houlihan Lokey by 1.0% during the 4th quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock valued at $84,566,000 after purchasing an additional 4,896 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $1,657,000. VisionPoint Advisory Group LLC bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $62,000. Handelsbanken Fonder AB increased its position in shares of Houlihan Lokey by 10.7% during the fourth quarter. Handelsbanken Fonder AB now owns 13,458 shares of the financial services provider’s stock valued at $2,337,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Private Advisor Group LLC raised its holdings in Houlihan Lokey by 51.8% in the 4th quarter. Private Advisor Group LLC now owns 5,664 shares of the financial services provider’s stock worth $984,000 after acquiring an additional 1,934 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Down 0.1 %

Shares of Houlihan Lokey stock opened at $170.53 on Friday. The firm has a market cap of $11.96 billion, a price-to-earnings ratio of 32.54 and a beta of 0.69. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The business has a 50-day moving average price of $177.04 and a 200-day moving average price of $171.14.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, equities analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.34%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on HLI. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a report on Wednesday, January 29th. Finally, Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $194.40.

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.