Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Farther Finance Advisors LLC

Farther Finance Advisors LLC lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 20.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 982 shares of the financial services provider’s stock after acquiring an additional 166 shares during the period. Farther Finance Advisors LLC’s holdings in Houlihan Lokey were worth $171,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Barclays PLC boosted its stake in shares of Houlihan Lokey by 21.4% during the third 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 last quarter. State Street Corp boosted its stake in Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the last quarter. Gunderson Capital Management Inc. acquired a new stake in Houlihan Lokey in the 4th quarter worth about $5,133,000. Jones Financial Companies Lllp boosted its stake in Houlihan Lokey by 80.9% in the 4th quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider’s stock worth $979,000 after buying an additional 2,521 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after buying an additional 149,114 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on HLI. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Finally, Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $162.79 on Thursday. The stock’s 50-day moving average is $173.44 and its 200-day moving average is $172.08. The company has a market cap of $11.42 billion, a price-to-earnings ratio of 31.07 and a beta of 0.72. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.40%. Houlihan Lokey’s 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.