Dynasty Wealth Management LLC Trims Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Dynasty Wealth Management LLC trimmed its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 10.8% during the fourth quarter, Holdings Channel.com reports. The fund owned 3,259 shares of the financial services provider’s stock after selling 394 shares during the period. Dynasty Wealth Management LLC’s holdings in Houlihan Lokey were worth $566,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in HLI. Barclays PLC raised its position in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after purchasing an additional 6,483 shares during the period. Natixis Advisors LLC lifted its stake in Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after acquiring an additional 9,768 shares in the last quarter. State Street Corp boosted its holdings in Houlihan Lokey by 1.3% during 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 during the period. Gunderson Capital Management Inc. purchased a new stake in Houlihan Lokey during the fourth quarter worth about $5,133,000. Finally, Assetmark Inc. increased its stake in Houlihan Lokey by 2,482.4% during the third quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 9,433 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on HLI shares. JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company increased their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley upped their price target on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Trading Up 1.8 %

Shares of NYSE:HLI opened at $173.42 on Friday. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The company’s 50 day moving average is $177.04 and its two-hundred day moving average is $171.14. The company has a market cap of $12.16 billion, a PE ratio of 33.10 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last posted 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%. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.31%. Houlihan Lokey’s dividend payout ratio is currently 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.