Houlihan Lokey (NYSE:HLI) Price Target Cut to $169.00 by Analysts at JPMorgan Chase & Co.

Houlihan Lokey (NYSE:HLI) had its price objective cut by JPMorgan Chase & Co. from $172.00 to $169.00 in a research note published on Wednesday morning,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Several other analysts have also recently commented on the company. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Wells Fargo & Company lowered their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating on the stock in a research report on Tuesday, January 14th. Keefe, Bruyette & Woods lowered their target price 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. Finally, UBS Group upped their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

Houlihan Lokey stock opened at $180.16 on Wednesday. The stock has a market capitalization of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. The company’s fifty day moving average price is $179.10 and its 200 day moving average price is $166.69. Houlihan Lokey has a 1 year low of $119.28 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Sell-side analysts predict that Houlihan Lokey will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.27%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Financial Life Planners acquired a new position in Houlihan Lokey during the fourth quarter worth $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey in the 4th quarter valued at about $53,000. First Horizon Advisors Inc. increased its stake in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the period. Finally, Quarry LP acquired a new stake in shares of Houlihan Lokey during the third quarter worth about $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

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.