VisionPoint Advisory Group LLC Purchases New Position in Houlihan Lokey, Inc. (NYSE:HLI)

VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 363 shares of the financial services provider’s stock, valued at approximately $62,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLI. Fiera Capital Corp increased its stake in shares of Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares during the last quarter. Jennison Associates LLC boosted its holdings in Houlihan Lokey by 341.0% in the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after purchasing an additional 237,615 shares in the last quarter. Lord Abbett & CO. LLC acquired a new position in Houlihan Lokey during the third quarter worth $24,177,000. Charles Schwab Investment Management Inc. raised its holdings in Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after buying an additional 149,114 shares in the last quarter. Finally, Eagle Asset Management Inc. lifted its position in shares of Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 2.7 %

Shares of NYSE HLI opened at $171.07 on Friday. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10. The company has a market cap of $12.00 billion, a P/E ratio of 32.65 and a beta of 0.69. The business’s 50 day moving average is $177.48 and its two-hundred day moving average is $170.52.

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

Houlihan Lokey Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.33%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company increased their price target on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and a consensus price target 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.