Hsbc Holdings PLC Increases Stock Position in Houlihan Lokey, Inc. $HLI

Key Points

• HSBC Holdings PLC increased its stake in Houlihan Lokey by 57%, owning 46,672 shares worth approximately $7.42 million as of the latest SEC filing.
• Houlihan Lokey reported a quarterly EPS of $2.14, beating estimates by $0.45, with revenue of $605.35 million, up 17.8% year-over-year.
• The company recently announced a quarterly dividend of $0.60 per share, which will be paid on September 15th, yielding 1.2% annually.

Hsbc Holdings PLC increased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 57.0% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 46,672 shares of the financial services provider's stock after buying an additional 16,951 shares during the period. Hsbc Holdings PLC owned about 0.07% of Houlihan Lokey worth $7,421,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in HLI. GAMMA Investing LLC boosted its position in shares of Houlihan Lokey by 39,574.9% in the first quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider's stock valued at $1,108,500,000 after acquiring an additional 684,645 shares during the period. Congress Asset Management Co. bought a new stake in Houlihan Lokey during the first quarter valued at approximately $81,420,000. Westfield Capital Management Co. LP bought a new stake in shares of Houlihan Lokey in the 1st quarter worth approximately $46,236,000. Handelsbanken Fonder AB lifted its holdings in shares of Houlihan Lokey by 1,946.8% in the 1st quarter. Handelsbanken Fonder AB now owns 275,458 shares of the financial services provider's stock worth $44,486,000 after acquiring an additional 262,000 shares during the last quarter. Finally, Nuveen LLC bought a new stake in shares of Houlihan Lokey in the 1st quarter worth approximately $23,478,000. Hedge funds and other institutional investors own 78.07% of the company's stock.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction dated Monday, June 30th. The stock was sold at an average price of $182.81, for a total value of $914,050.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $86,510.00. The disclosure for this sale can be found here. Company insiders own 22.83% of the company's stock.

Houlihan Lokey Stock Down 0.6%

Shares of HLI opened at $196.4750 on Tuesday. The company has a market cap of $13.81 billion, a PE ratio of 33.08 and a beta of 0.86. The business has a fifty day moving average of $188.81 and a 200 day moving average of $174.11. Houlihan Lokey, Inc. has a 52-week low of $137.99 and a 52-week high of $198.78.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, beating the consensus estimate of $1.69 by $0.45. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The firm had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. During the same quarter last year, the firm posted $1.22 earnings per share. The business's revenue for the quarter was up 17.8% on a year-over-year basis. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.60 per share. The ex-dividend date is Tuesday, September 2nd. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.2%. Houlihan Lokey's dividend payout ratio (DPR) is 40.40%.

Wall Street Analyst Weigh In

Several research analysts recently commented on HLI shares. Wall Street Zen downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Saturday, August 2nd. Wells Fargo & Company boosted their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an "overweight" rating in a report on Friday, July 11th. Keefe, Bruyette & Woods upgraded shares of Houlihan Lokey from a "hold" rating to a "moderate buy" rating and upped their price target for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $192.00 price target (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 Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey currently has a consensus rating of "Moderate Buy" and an average target price of $206.40.

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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