Barclays PLC Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Barclays PLC raised its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 58.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 58,422 shares of the financial services provider's stock after acquiring an additional 21,601 shares during the period. Barclays PLC owned approximately 0.08% of Houlihan Lokey worth $10,145,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Townsquare Capital LLC lifted its stake in shares of Houlihan Lokey by 13.5% in the 4th quarter. Townsquare Capital LLC now owns 29,114 shares of the financial services provider's stock worth $5,056,000 after acquiring an additional 3,460 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Houlihan Lokey by 21.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 12,208 shares of the financial services provider's stock valued at $2,120,000 after purchasing an additional 2,155 shares during the period. Sterling Capital Management LLC lifted its stake in shares of Houlihan Lokey by 55.4% in the fourth quarter. Sterling Capital Management LLC now owns 2,899 shares of the financial services provider's stock valued at $503,000 after purchasing an additional 1,033 shares during the period. Treasurer of the State of North Carolina lifted its stake in shares of Houlihan Lokey by 0.7% in the fourth quarter. Treasurer of the State of North Carolina now owns 23,053 shares of the financial services provider's stock valued at $4,003,000 after purchasing an additional 150 shares during the period. Finally, Capital Fund Management S.A. acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $3,002,000. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on HLI shares. UBS Group raised their price objective 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. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Morgan Stanley dropped their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a 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. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $183.40.

Houlihan Lokey Trading Up 1.2 %

Shares of NYSE HLI traded up $1.99 during midday trading on Monday, reaching $161.26. 381,276 shares of the stock were exchanged, compared to its average volume of 349,993. The company has a market capitalization of $11.31 billion, a P/E ratio of 30.77 and a beta of 0.84. Houlihan Lokey, Inc. has a 52-week low of $126.30 and a 52-week high of $192.10. The stock has a 50 day moving average price of $159.22 and a 200-day moving average price of $171.76.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. On average, analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. Houlihan Lokey's dividend payout ratio (DPR) is presently 43.51%.

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.