Janus Henderson Group PLC Acquires 1,917 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Janus Henderson Group PLC lifted its position in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,667 shares of the financial services provider's stock after acquiring an additional 1,917 shares during the quarter. Janus Henderson Group PLC's holdings in Houlihan Lokey were worth $4,282,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Private Trust Co. NA bought a new stake in shares of Houlihan Lokey in the 4th quarter worth $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC purchased a new stake in Houlihan Lokey in the fourth quarter worth approximately $62,000. Finally, Mather Group LLC. boosted its stake in Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock worth $101,000 after buying an additional 116 shares in the last quarter. Institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on HLI shares. Keefe, Bruyette & Woods upped their target price on Houlihan Lokey from $183.00 to $185.00 and gave the company a "market perform" rating in a report on Monday, May 12th. JMP Securities reiterated a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a report on Wednesday, January 29th. Finally, Morgan Stanley decreased their price objective on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Houlihan Lokey currently has a consensus rating of "Hold" and an average price target of $185.00.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $180.78 on Monday. The stock has a market capitalization of $12.68 billion, a price-to-earnings ratio of 34.50 and a beta of 0.82. The stock's 50-day simple moving average is $160.69 and its two-hundred day simple moving average is $171.89. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.61 by $0.35. The business had revenue of $666.42 million for the quarter, compared to analysts' expectations of $628.25 million. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The business's revenue for the quarter was up 28.0% on a year-over-year basis. During the same period last year, the firm posted $1.27 earnings per share. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be given a $0.60 dividend. This represents a $2.40 annualized dividend and a yield of 1.33%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. The ex-dividend date is Monday, June 2nd. Houlihan Lokey's dividend payout ratio (DPR) is presently 41.24%.

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.

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