Equitable Trust Co. Has $374,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Equitable Trust Co. trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 44.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,151 shares of the financial services provider’s stock after selling 1,741 shares during the period. Equitable Trust Co.’s holdings in Houlihan Lokey were worth $374,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HLI. Barclays PLC increased its holdings in Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after purchasing an additional 6,483 shares in the last quarter. Natixis Advisors LLC lifted its holdings in shares of Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares in the last quarter. State Street Corp boosted its position in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the period. Gunderson Capital Management Inc. bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $5,133,000. Finally, Assetmark Inc. raised its position in Houlihan Lokey by 2,482.4% in the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 9,433 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Trading Down 0.3 %

Shares of HLI opened at $179.84 on Wednesday. The company’s fifty day simple moving average is $177.97 and its 200 day simple moving average is $169.12. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company has a market cap of $12.50 billion, a price-to-earnings ratio of 34.32 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. As a group, research analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed 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 1.27%. Houlihan Lokey’s dividend payout ratio is 43.51%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Wells Fargo & Company upped their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Morgan Stanley boosted their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research 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 report on Wednesday, January 29th. UBS Group lifted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Company 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.