Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 11.8% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,727 shares of the financial services provider's stock after purchasing an additional 2,183 shares during the quarter. Cetera Investment Advisers' holdings in Houlihan Lokey were worth $3,600,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of HLI. Barclays PLC increased its stake in shares of Houlihan Lokey by 21.4% during the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after buying an additional 6,483 shares during the period. Assenagon Asset Management S.A. bought a new position in Houlihan Lokey during the 4th quarter worth about $21,613,000. Park Avenue Securities LLC increased its position in Houlihan Lokey by 20.8% during the 4th quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider's stock valued at $1,614,000 after purchasing an additional 1,599 shares during the period. Outlook Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey in the 4th quarter valued at about $443,000. Finally, Argent Capital Management LLC lifted its position in shares of Houlihan Lokey by 0.7% in the 4th quarter. Argent Capital Management LLC now owns 242,451 shares of the financial services provider's stock worth $42,104,000 after purchasing an additional 1,638 shares during the period. 78.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HLI has been the topic of several research reports. JPMorgan Chase & Co. cut their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a report on Wednesday, January 29th. Keefe, Bruyette & Woods increased their target price on Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley cut their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. 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 a consensus price target of $185.00.

Houlihan Lokey Price Performance

NYSE HLI traded down $2.07 on Monday, hitting $178.74. The stock had a trading volume of 538,796 shares, compared to its average volume of 352,119. The business's fifty day moving average price is $160.69 and its 200 day moving average price is $171.89. The stock has a market cap of $12.54 billion, a price-to-earnings ratio of 34.11 and a beta of 0.82. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results 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. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. During the same period in the previous year, the business earned $1.27 EPS. The firm's revenue for the quarter was up 28.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

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

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.