Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Deutsche Bank AG

Deutsche Bank AG decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 62.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,212 shares of the financial services provider's stock after selling 11,879 shares during the quarter. Deutsche Bank AG's holdings in Houlihan Lokey were worth $1,252,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in HLI. Barclays PLC boosted its position in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after purchasing an additional 6,483 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of Houlihan Lokey by 80.9% during the 4th quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after buying an additional 2,521 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Houlihan Lokey in the fourth quarter valued at about $1,657,000. Janney Montgomery Scott LLC raised its stake in Houlihan Lokey by 1,823.3% in the fourth quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock valued at $16,550,000 after buying an additional 90,343 shares during the last quarter. Finally, Marshall Financial Group LLC acquired a new position in Houlihan Lokey in the 4th quarter worth approximately $903,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

Several brokerages have issued reports on HLI. 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 upped their price target on Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a report on Thursday, May 8th. Morgan Stanley decreased their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $185.00.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of Houlihan Lokey stock in a transaction on Monday, May 19th. The stock was sold at an average price of $178.71, for a total value of $1,431,109.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Stock Up 0.2%

Shares of NYSE:HLI traded up $0.35 during midday trading on Friday, hitting $175.36. The stock had a trading volume of 26,300 shares, compared to its average volume of 351,663. The business's 50-day simple moving average is $163.16 and its 200-day simple moving average is $171.68. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10. The company has a market cap of $12.24 billion, a P/E ratio of 33.50 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its quarterly earnings data 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. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The company had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. During the same period in the previous year, the firm earned $1.27 earnings per share. The firm's quarterly revenue was up 28.0% on a year-over-year basis. 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 firm also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.40 annualized dividend and a yield of 1.37%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

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.