Ameriprise Financial Inc. Acquires 73,566 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Ameriprise Financial Inc. lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 772,789 shares of the financial services provider's stock after purchasing an additional 73,566 shares during the period. Ameriprise Financial Inc. owned 1.11% of Houlihan Lokey worth $134,195,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. Aptus Capital Advisors LLC boosted its stake in shares of Houlihan Lokey by 22.1% during the 4th quarter. Aptus Capital Advisors LLC now owns 46,058 shares of the financial services provider's stock worth $7,998,000 after acquiring an additional 8,335 shares in the last quarter. Kapitalo Investimentos Ltda acquired a new stake in Houlihan Lokey in the 4th quarter worth approximately $105,000. Northern Trust Corp boosted its position in Houlihan Lokey by 3.2% during the fourth quarter. Northern Trust Corp now owns 620,324 shares of the financial services provider's stock worth $107,725,000 after purchasing an additional 19,406 shares during the period. Tudor Investment Corp ET AL grew its holdings in Houlihan Lokey by 100.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 23,970 shares of the financial services provider's stock valued at $4,163,000 after purchasing an additional 11,995 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $2,029,000. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

HLI has been the topic of several recent analyst reports. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the stock an "overweight" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 29th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley dropped their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research report on Monday, April 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $185.00.

Houlihan Lokey Trading Up 0.5%

Shares of HLI traded up $0.88 on Tuesday, reaching $178.73. 66,952 shares of the company's stock were exchanged, compared to its average volume of 351,629. The business has a 50 day moving average price of $158.87 and a two-hundred day moving average price of $171.57. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10. The stock has a market capitalization of $12.54 billion, a P/E ratio of 34.11 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Houlihan Lokey's quarterly revenue was up 28.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.27 EPS. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio is 41.24%.

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.