OneAscent Wealth Management LLC Has $274,000 Stake in Houlihan Lokey, Inc. (NYSE:HLI)

OneAscent Wealth Management LLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 24.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 1,579 shares of the financial services provider’s stock after selling 507 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Houlihan Lokey were worth $274,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Barclays PLC increased its holdings in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after purchasing an additional 6,483 shares in the last quarter. State Street Corp increased its stake in shares of 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 valued at $255,276,000 after acquiring an additional 21,106 shares in the last quarter. Gunderson Capital Management Inc. acquired a new position in shares of Houlihan Lokey during the 4th quarter valued at $5,133,000. Jones Financial Companies Lllp boosted its stake in Houlihan Lokey by 80.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 2,521 shares in the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in Houlihan Lokey in the fourth quarter worth $21,613,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Down 1.8 %

Shares of Houlihan Lokey stock opened at $157.98 on Friday. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10. The business has a 50 day moving average price of $172.13 and a 200-day moving average price of $172.49. The company has a market cap of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.

Wall Street Analyst Weigh In

HLI has been the topic of a number of research analyst reports. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price objective for the stock from $180.00 to $179.00 in a research report on Tuesday, March 11th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Company 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.