Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 28.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,688 shares of the financial services provider's stock after acquiring an additional 8,198 shares during the period. Oppenheimer Asset Management Inc. owned about 0.05% of Houlihan Lokey worth $5,925,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of Houlihan Lokey by 1.9% in the fourth quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider's stock worth $914,420,000 after acquiring an additional 98,495 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC grew its stake in shares of Houlihan Lokey by 6.8% in the fourth quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,281,294 shares of the financial services provider's stock worth $569,830,000 after acquiring an additional 208,851 shares in the last quarter. FMR LLC grew its stake in shares of 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 acquiring an additional 161,647 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in shares of Houlihan Lokey by 1.7% in the fourth quarter. Burgundy Asset Management Ltd. now owns 1,251,831 shares of the financial services provider's stock worth $217,393,000 after acquiring an additional 20,354 shares in the last quarter. Finally, Invesco Ltd. grew 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 acquiring an additional 573,745 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Insider Activity at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The disclosure for this sale can be found here. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Trading Up 1.6%

Shares of HLI stock opened at $179.91 on Wednesday. Houlihan Lokey, Inc. has a 12 month low of $129.32 and a 12 month high of $192.10. The company has a market cap of $12.56 billion, a P/E ratio of 30.91 and a beta of 0.83. The firm has a fifty day moving average price of $170.14 and a 200 day moving average price of $170.06.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating analysts' consensus estimates of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The firm had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. During the same period in the previous year, the company earned $1.27 earnings per share. Houlihan Lokey's quarterly revenue was up 28.0% compared to the same quarter last year. On average, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Investors of record on Monday, June 2nd were given a $0.60 dividend. The ex-dividend date was Monday, June 2nd. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. This represents a $2.40 dividend on an annualized basis and a yield of 1.33%. Houlihan Lokey's payout ratio is 41.24%.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Keefe, Bruyette & Woods boosted their price target on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research note on Monday, May 12th. 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 research note on Thursday, May 8th. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $159.00 to $192.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Wall Street Zen upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $192.20.

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.

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