Bank of New York Mellon Corp Has $78.17 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Bank of New York Mellon Corp lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 0.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 484,041 shares of the financial services provider's stock after selling 2,923 shares during the period. Bank of New York Mellon Corp owned about 0.69% of Houlihan Lokey worth $78,173,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HLI. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of Houlihan Lokey during the first quarter valued at $54,000. Versant Capital Management Inc raised its stake in shares of Houlihan Lokey by 744.2% during the first quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider's stock valued at $59,000 after acquiring an additional 320 shares during the last quarter. First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 17.5% during the first quarter. First Horizon Advisors Inc. now owns 550 shares of the financial services provider's stock valued at $89,000 after acquiring an additional 82 shares during the last quarter. Golden State Wealth Management LLC raised its stake in shares of Houlihan Lokey by 101.0% during the first quarter. Golden State Wealth Management LLC now owns 613 shares of the financial services provider's stock valued at $99,000 after acquiring an additional 308 shares during the last quarter. Finally, Kapitalo Investimentos Ltda bought a new position in shares of Houlihan Lokey during the fourth quarter valued at $105,000. Institutional investors own 78.07% of the company's stock.

Analyst Ratings Changes

HLI has been the subject of a number of analyst reports. Wall Street Zen raised shares of Houlihan Lokey from a "hold" rating to a "buy" rating in a research note on Saturday. Keefe, Bruyette & Woods lifted their target price 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 lifted their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Morgan Stanley reissued an "overweight" rating and set a $192.00 target price (up previously from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $197.00.

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Scott L. Beiser sold 8,008 shares of Houlihan Lokey 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,508 shares of company stock worth $2,431,670. 23.68% of the stock is currently owned by company insiders.

Houlihan Lokey Stock Down 0.7%

NYSE:HLI traded down $1.34 during trading hours on Friday, reaching $189.41. The company had a trading volume of 353,005 shares, compared to its average volume of 360,070. The firm has a market cap of $13.22 billion, a price-to-earnings ratio of 32.54 and a beta of 0.83. The business's 50-day simple moving average is $177.06 and its two-hundred day simple moving average is $170.81. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $192.44.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted 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 business had revenue of $666.42 million during the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a net margin of 16.73% and a return on equity of 21.61%. The business's quarterly revenue was up 28.0% on a year-over-year basis. During the same period last year, the company posted $1.27 earnings per share. As a group, equities 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 declared a quarterly dividend, which was paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd were issued a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.27%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date of this dividend was Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 41.24%.

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.