Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lowered its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 1.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 92,519 shares of the financial services provider’s stock after selling 1,788 shares during the period. California Public Employees Retirement System’s holdings in Houlihan Lokey were worth $16,067,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HLI. Private Trust Co. NA acquired a new stake in Houlihan Lokey in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $62,000. Finally, Quarry LP acquired a new position in Houlihan Lokey during the 3rd quarter worth approximately $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company upgraded 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 report on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on 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 boosted 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock opened at $146.40 on Friday. Houlihan Lokey, Inc. has a 1 year low of $122.14 and a 1 year high of $192.10. The firm’s 50-day simple moving average is $169.45 and its 200-day simple moving average is $172.66. The firm has a market cap of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. On average, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 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.