UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $31.11 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 179,167 shares of the financial services provider's stock after purchasing an additional 13,384 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.26% of Houlihan Lokey worth $31,114,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $33,000. Golden State Wealth Management LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $62,000. Finally, Mather Group LLC. grew its position in shares of Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after purchasing an additional 116 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

Shares of NYSE HLI traded down $0.20 during mid-day trading on Friday, hitting $174.81. The company had a trading volume of 328,062 shares, compared to its average volume of 351,964. The business's 50-day simple moving average is $163.30 and its 200-day simple moving average is $171.50. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10. The firm has a market cap of $12.20 billion, a P/E ratio of 33.36 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts' consensus estimates of $1.61 by $0.35. The firm had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company's revenue for the quarter was up 28.0% compared to the same quarter last year. During the same quarter last year, the company earned $1.27 earnings per share. As a group, sell-side 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 will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be paid 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 of this dividend is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.37%. Houlihan Lokey's dividend payout ratio (DPR) is currently 41.24%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HLI. Wells Fargo & Company raised their price target on Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday, May 8th. Wall Street Zen upgraded shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Keefe, Bruyette & Woods increased their target price on shares of Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a research note on Monday, May 12th. Finally, Morgan Stanley reduced their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $185.00.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $178.71, for a total transaction of $1,431,109.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 23.68% of the company's stock.

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.