Houlihan Lokey (NYSE:HLI) Given New $169.00 Price Target at JPMorgan Chase & Co.

Houlihan Lokey (NYSE:HLI) had its price target lowered by equities research analysts at JPMorgan Chase & Co. from $172.00 to $169.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 6.18% from the stock’s previous close.

HLI has been the subject of several other research reports. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods decreased their price target on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company cut their price objective on Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a report on Tuesday, January 14th. Finally, UBS Group upped their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Stock Up 0.2 %

Shares of HLI opened at $180.13 on Wednesday. The stock’s 50-day moving average price is $178.92 and its 200 day moving average price is $166.78. The firm has a market capitalization of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69. Houlihan Lokey has a 12-month low of $119.28 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its 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 19.29% and a net margin of 15.77%. Equities research analysts expect that Houlihan Lokey will post 5.74 EPS for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Fiera Capital Corp lifted its holdings in Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after buying an additional 246,705 shares during the period. Jennison Associates LLC raised its position in shares of Houlihan Lokey by 341.0% during the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock valued at $53,366,000 after acquiring an additional 237,615 shares during the last quarter. Lord Abbett & CO. LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter valued at $24,177,000. Charles Schwab Investment Management Inc. boosted its position in shares of Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Houlihan Lokey by 23.6% in the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares during the last quarter. 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.