Oppenheimer Asset Management Inc. Has $5.93 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Oppenheimer Asset Management Inc. increased its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 28.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,688 shares of the financial services provider's stock after purchasing an additional 8,198 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.05% of Houlihan Lokey worth $5,925,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in HLI. CIBC Asset Management Inc increased its position in shares of Houlihan Lokey by 5.0% during 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. Atria Wealth Solutions Inc. increased its position in Houlihan Lokey by 6.2% in the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider's stock valued at $282,000 after acquiring an additional 95 shares in the last quarter. Private Advisor Group LLC increased its position in Houlihan Lokey by 51.8% in the 4th quarter. Private Advisor Group LLC now owns 5,664 shares of the financial services provider's stock valued at $984,000 after acquiring an additional 1,934 shares in the last quarter. Handelsbanken Fonder AB increased its position in Houlihan Lokey by 10.7% in the 4th quarter. Handelsbanken Fonder AB now owns 13,458 shares of the financial services provider's stock valued at $2,337,000 after acquiring an additional 1,300 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in Houlihan Lokey by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider's stock valued at $84,566,000 after acquiring an additional 4,896 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley restated an "overweight" rating and issued a $192.00 price objective (up previously from $159.00) on shares of Houlihan Lokey in a research report on Monday, June 23rd. Keefe, Bruyette & Woods raised their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research report on Monday, May 12th. Wells Fargo & Company raised their price objective on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Finally, Wall Street Zen cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Friday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $192.20.

Houlihan Lokey Trading Up 0.0%

Shares of NYSE:HLI traded up $0.00 during trading on Friday, hitting $182.75. 874,232 shares of the company's stock were exchanged, compared to its average volume of 353,250. Houlihan Lokey, Inc. has a 1-year low of $133.48 and a 1-year high of $192.10. The firm has a 50-day moving average price of $171.90 and a two-hundred day moving average price of $170.13. The firm has a market cap of $12.75 billion, a P/E ratio of 31.40 and a beta of 0.83.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The company had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. During the same quarter in the previous year, the company earned $1.27 EPS. Houlihan Lokey's revenue was up 28.0% on a year-over-year basis. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd were given a dividend of $0.60 per share. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date was Monday, June 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.31%. Houlihan Lokey's payout ratio is currently 41.24%.

Insider Transactions at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the business's stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total transaction of $86,510.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of the business's stock in a transaction that occurred 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.

About Houlihan Lokey

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.