Man Group plc Boosts Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Man Group plc boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,474 shares of the financial services provider's stock after purchasing an additional 6,644 shares during the period. Man Group plc owned approximately 0.07% of Houlihan Lokey worth $7,897,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Nomura Holdings Inc. purchased a new position in Houlihan Lokey during the fourth quarter worth approximately $1,235,000. OMERS ADMINISTRATION Corp purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at $868,000. Lazard Asset Management LLC raised its stake in shares of Houlihan Lokey by 44.5% in the 4th quarter. Lazard Asset Management LLC now owns 7,791 shares of the financial services provider's stock valued at $1,352,000 after acquiring an additional 2,400 shares during the period. Jacobs Levy Equity Management Inc. purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at $3,280,000. Finally, Janus Henderson Group PLC raised its stake in shares of Houlihan Lokey by 8.4% in the 4th quarter. Janus Henderson Group PLC now owns 24,667 shares of the financial services provider's stock valued at $4,282,000 after acquiring an additional 1,917 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on HLI shares. StockNews.com downgraded shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Morgan Stanley cut their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating on the stock in a research note on Monday, April 7th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, May 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average price target of $185.00.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $178.74 on Tuesday. Houlihan Lokey, Inc. has a 12-month low of $127.14 and a 12-month high of $192.10. The company has a market capitalization of $12.54 billion, a price-to-earnings ratio of 34.11 and a beta of 0.82. The firm's fifty day moving average price is $161.13 and its 200 day moving average price is $171.94.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly 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 firm had revenue of $666.42 million for the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The firm's quarterly revenue was up 28.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.27 EPS. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Stockholders of record on Monday, June 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 2nd. This is a positive change from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio 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.

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