GW&K Investment Management LLC Sells 16,873 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

GW&K Investment Management LLC trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 3.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 426,127 shares of the financial services provider’s stock after selling 16,873 shares during the quarter. GW&K Investment Management LLC’s holdings in Houlihan Lokey were worth $74,001,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Advisor Group LLC grew its holdings in shares of Houlihan Lokey by 21.8% during the third quarter. Private Advisor Group LLC now owns 3,730 shares of the financial services provider’s stock valued at $589,000 after buying an additional 668 shares during the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Houlihan Lokey by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 6,070 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 415 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of Houlihan Lokey by 0.6% in the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 100 shares during the last quarter. US Bancorp DE lifted its holdings in shares of Houlihan Lokey by 2.9% during the third quarter. US Bancorp DE now owns 34,124 shares of the financial services provider’s stock valued at $5,392,000 after purchasing an additional 959 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in shares of Houlihan Lokey by 42.0% during the third quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider’s stock valued at $29,072,000 after buying an additional 54,386 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLI has been the subject of a number of recent analyst reports. Wells Fargo & Company boosted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JPMorgan Chase & Co. decreased their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Price Performance

Shares of Houlihan Lokey stock opened at $170.53 on Friday. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company’s fifty day simple moving average is $177.04 and its 200-day simple moving average is $171.14. The stock has a market capitalization of $11.96 billion, a PE ratio of 32.54 and a beta of 0.69.

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

Houlihan Lokey Announces Dividend

The company also recently announced 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. This represents a $2.28 annualized dividend and a yield of 1.34%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

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.