Deutsche Bank AG Purchases 2,394 Shares of Houlihan Lokey, Inc. $HLI

Key Points

• Deutsche Bank AG increased its holdings in Houlihan Lokey, Inc. by 33.2%, owning 9,606 shares valued at approximately $1.55 million as of the latest SEC filing.
• Several other institutional investors also modified their positions in HLI, with 78.07% of the stock currently owned by these investors and hedge funds.
• Houlihan Lokey recently announced a quarterly dividend of $0.60 per share, representing an annualized yield of 1.2%.

Deutsche Bank AG increased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 33.2% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 9,606 shares of the financial services provider's stock after buying an additional 2,394 shares during the quarter. Deutsche Bank AG's holdings in Houlihan Lokey were worth $1,551,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in Houlihan Lokey by 39,574.9% during the first quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock valued at $1,108,500,000 after buying an additional 684,645 shares during the last quarter. Congress Asset Management Co. bought a new position in shares of Houlihan Lokey during the 1st quarter valued at approximately $81,420,000. Westfield Capital Management Co. LP bought a new stake in Houlihan Lokey in the first quarter worth $46,236,000. Handelsbanken Fonder AB increased its holdings in shares of Houlihan Lokey by 1,946.8% in the 1st quarter. Handelsbanken Fonder AB now owns 275,458 shares of the financial services provider's stock worth $44,486,000 after buying an additional 262,000 shares during the last quarter. Finally, Balyasny Asset Management L.P. purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $22,191,000. Institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of several analyst reports. Wall Street Zen cut Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a "hold" rating to a "moderate buy" rating and raised their price target for the stock from $185.00 to $232.00 in a research report on Monday, July 14th. Morgan Stanley reaffirmed an "overweight" rating and set a $192.00 price objective (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Finally, Wells Fargo & Company increased their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a research note on Friday, July 11th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Houlihan Lokey presently has an average rating of "Moderate Buy" and a consensus price target of $206.40.

Houlihan Lokey Price Performance

Shares of NYSE:HLI traded down $1.2150 during trading on Monday, reaching $196.4750. 374,298 shares of the company were exchanged, compared to its average volume of 416,899. The firm has a market capitalization of $13.81 billion, a PE ratio of 33.08 and a beta of 0.86. The business's fifty day simple moving average is $188.81 and its 200-day simple moving average is $174.11. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $198.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.69 by $0.45. The company had revenue of $605.35 million for the quarter, compared to analysts' expectations of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.Houlihan Lokey's revenue was up 17.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.22 earnings per share. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be issued a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Houlihan Lokey's dividend payout ratio is presently 40.40%.

Insider Activity

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the firm's stock in a transaction dated Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the company's stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. 22.83% of the stock is owned by corporate insiders.

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.