CANADA LIFE ASSURANCE Co Purchases 3,621 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

CANADA LIFE ASSURANCE Co increased its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 45,385 shares of the financial services provider's stock after buying an additional 3,621 shares during the quarter. CANADA LIFE ASSURANCE Co owned 0.07% of Houlihan Lokey worth $7,874,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in HLI. Nicolet Advisory Services LLC increased its stake in shares of Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider's stock valued at $258,000 after buying an additional 70 shares during the period. CIBC Asset Management Inc raised its holdings in Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider's stock worth $281,000 after purchasing an additional 77 shares in the last quarter. Mariner LLC lifted its position in shares of Houlihan Lokey by 0.7% in the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider's stock worth $2,122,000 after purchasing an additional 81 shares during the period. M&T Bank Corp boosted its stake in shares of Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider's stock valued at $655,000 after purchasing an additional 92 shares in the last quarter. Finally, Atria Wealth Solutions Inc. increased its position in shares of Houlihan Lokey by 6.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after buying an additional 95 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have commented on the stock. UBS Group lifted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. decreased their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Finally, Wells Fargo & Company decreased their price target on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $183.40.

Houlihan Lokey Stock Up 1.2 %

Shares of Houlihan Lokey stock traded up $1.99 on Monday, reaching $161.26. The company's stock had a trading volume of 381,276 shares, compared to its average volume of 349,993. The company has a market capitalization of $11.31 billion, a price-to-earnings 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 firm's fifty day simple moving average is $159.22 and its two-hundred day simple moving average is $171.76.

Houlihan Lokey (NYSE:HLI - Get Free Report) 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 return on equity of 20.04% and a net margin of 16.00%. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

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