Bank Julius Baer & Co. Ltd Zurich Has $6.81 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Bank Julius Baer & Co. Ltd Zurich trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 57.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,496 shares of the financial services provider's stock after selling 58,019 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.06% of Houlihan Lokey worth $6,808,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HLI. Bogart Wealth LLC grew its position in shares of Houlihan Lokey by 111.1% during the 1st quarter. Bogart Wealth LLC now owns 152 shares of the financial services provider's stock worth $25,000 after buying an additional 80 shares during the period. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Houlihan Lokey during the 1st quarter valued at about $54,000. Versant Capital Management Inc lifted its holdings in shares of Houlihan Lokey by 744.2% during the 1st quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock valued at $59,000 after purchasing an additional 320 shares in the last quarter. First Horizon Advisors Inc. lifted its holdings in shares of Houlihan Lokey by 17.5% during the 1st quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock valued at $89,000 after purchasing an additional 82 shares in the last quarter. Finally, Golden State Wealth Management LLC lifted its holdings in shares of Houlihan Lokey by 101.0% during the 1st quarter. Golden State Wealth Management LLC now owns 613 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 308 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the stock in a transaction on Monday, June 30th. The shares were sold at an average price of $182.81, for a total value of $914,050.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 13,508 shares of company stock worth $2,431,670. Company insiders own 23.68% of the company's stock.

Houlihan Lokey Trading Down 0.7%

Shares of Houlihan Lokey stock traded down $1.36 on Friday, reaching $196.01. 393,857 shares of the company were exchanged, compared to its average volume of 400,895. Houlihan Lokey, Inc. has a one year low of $137.99 and a one year high of $198.78. The company has a market capitalization of $13.68 billion, a price-to-earnings ratio of 33.68 and a beta of 0.83. The company has a 50-day moving average of $181.09 and a 200 day moving average of $172.18.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data 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. Houlihan Lokey had a return on equity of 21.61% and a net margin of 16.73%. The company had revenue of $666.42 million for the quarter, compared to analysts' expectations of $628.25 million. During the same quarter in the prior year, the business posted $1.27 EPS. The business's revenue was up 28.0% compared to the same quarter last year. Analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were paid a dividend of $0.60 per share. The ex-dividend date of this dividend was Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.22%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio is currently 41.24%.

Analyst Upgrades and Downgrades

HLI has been the topic of several recent analyst reports. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Saturday, July 12th. Wells Fargo & Company boosted their target price on Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Morgan Stanley reaffirmed an "overweight" rating and set a $192.00 price target (up previously from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Finally, Keefe, Bruyette & Woods raised Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from $185.00 to $232.00 in a research report on Monday, July 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $206.40.

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.