Brown Advisory Inc. Lowers Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Brown Advisory Inc. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 6.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 192,196 shares of the financial services provider's stock after selling 13,281 shares during the period. Brown Advisory Inc. owned about 0.28% of Houlihan Lokey worth $33,377,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HLI. Vanguard Group Inc. increased its position in shares of Houlihan Lokey by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock valued at $914,420,000 after purchasing an additional 98,495 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Houlihan Lokey by 6.8% during the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock valued at $569,830,000 after purchasing an additional 208,851 shares during the period. FMR LLC increased its position in Houlihan Lokey by 9.4% in the fourth quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock worth $325,651,000 after buying an additional 161,647 shares in the last quarter. Invesco Ltd. raised its stake in shares of Houlihan Lokey by 122.7% in the fourth quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock worth $180,815,000 after buying an additional 573,745 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Houlihan Lokey during the 4th quarter valued at about $143,559,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Down 0.7 %

HLI traded down $1.15 on Friday, hitting $173.89. The company had a trading volume of 343,486 shares, compared to its average volume of 352,618. The business's fifty day simple moving average is $158.55 and its 200 day simple moving average is $171.47. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10. The company has a market cap of $12.20 billion, a PE ratio of 33.19 and a beta of 0.82.

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

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.38%. Houlihan Lokey's dividend payout ratio is currently 43.51%.

Wall Street Analysts Forecast Growth

HLI has been the topic of several research analyst reports. Morgan Stanley lowered their price objective 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. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Wells Fargo & Company boosted 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. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Finally, JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $186.40.

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.