Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. decreased its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,415 shares of the financial services provider’s stock after selling 67 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Houlihan Lokey were worth $246,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of HLI. Private Trust Co. NA purchased a new position in Houlihan Lokey in the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey during the fourth quarter worth $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the fourth quarter valued at $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey during the 4th quarter valued at $62,000. Finally, First Horizon Advisors Inc. increased its stake in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.1 %

NYSE:HLI opened at $157.45 on Monday. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The company has a market cap of $11.04 billion, a PE ratio of 30.05 and a beta of 0.72. The business’s 50 day moving average is $175.66 and its two-hundred day moving average is $171.96.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.45%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on HLI shares. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley upped their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research report on Wednesday, January 29th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their price target 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $194.40.

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.