Houlihan Lokey, Inc. (NYSE:HLI) Stake Increased by Barlow Wealth Partners Inc.

Barlow Wealth Partners Inc. raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 11.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 201,650 shares of the financial services provider’s stock after purchasing an additional 21,305 shares during the quarter. Houlihan Lokey accounts for about 4.5% of Barlow Wealth Partners Inc.’s portfolio, making the stock its 3rd largest position. Barlow Wealth Partners Inc.’s holdings in Houlihan Lokey were worth $35,351,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Barclays PLC boosted its holdings in Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after acquiring an additional 6,483 shares during the period. Natixis Advisors LLC boosted its stake in shares of Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares during the period. State Street Corp boosted its stake in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after purchasing an additional 21,106 shares during the period. Gunderson Capital Management Inc. bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $5,133,000. Finally, Assetmark Inc. increased its stake in Houlihan Lokey by 2,482.4% in the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after buying an additional 9,433 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 1.9 %

Houlihan Lokey stock opened at $184.60 on Wednesday. The firm has a market cap of $12.83 billion, a P/E ratio of 37.75 and a beta of 0.69. The business has a fifty day moving average of $179.22 and a two-hundred day moving average of $164.93. Houlihan Lokey, Inc. has a twelve month low of $119.28 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the prior year, the business posted $1.11 EPS. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. Equities analysts expect that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

Analyst Ratings Changes

HLI has been the subject of several research reports. UBS Group boosted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the company from $171.00 to $200.00 in a report on Monday, December 9th. Keefe, Bruyette & Woods reduced their price objective on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a report on Monday, January 13th. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company dropped their price target on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average price target of $173.40.

Houlihan Lokey Profile

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.