Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Man Group plc

Man Group plc raised its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,474 shares of the financial services provider's stock after buying an additional 6,644 shares during the quarter. Man Group plc owned approximately 0.07% of Houlihan Lokey worth $7,897,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. Barclays PLC lifted its holdings in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock valued at $5,818,000 after acquiring an additional 6,483 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in Houlihan Lokey by 80.9% during the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider's stock worth $979,000 after purchasing an additional 2,521 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Houlihan Lokey in the 4th quarter valued at approximately $1,657,000. Janney Montgomery Scott LLC grew its holdings in Houlihan Lokey by 1,823.3% during the fourth quarter. Janney Montgomery Scott LLC now owns 95,298 shares of the financial services provider's stock worth $16,550,000 after acquiring an additional 90,343 shares during the period. Finally, Marshall Financial Group LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $903,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 0.1%

Shares of Houlihan Lokey stock traded down $0.18 during trading hours on Friday, reaching $172.96. 258,016 shares of the company's stock were exchanged, compared to its average volume of 352,988. The company has a 50 day moving average of $162.28 and a two-hundred day moving average of $171.82. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10. The stock has a market cap of $12.13 billion, a P/E ratio of 33.01 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.61 by $0.35. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company had revenue of $666.42 million during the quarter, compared to analyst estimates of $628.25 million. During the same quarter in the previous year, the business posted $1.27 EPS. Houlihan Lokey's revenue for the quarter was up 28.0% compared to the same quarter last year. As a group, analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal 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 1.39%. This is a boost from Houlihan Lokey's previous quarterly dividend of $0.57. Houlihan Lokey's dividend payout ratio (DPR) is 41.24%.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 8,008 shares of the company's stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 23.68% of the company's stock.

Wall Street Analyst Weigh In

HLI has been the subject of several recent analyst reports. Wall Street Zen upgraded Houlihan Lokey from a "hold" rating to a "buy" rating in a report on Thursday. UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods boosted their price target on Houlihan Lokey from $183.00 to $185.00 and gave the stock a "market perform" rating in a research report on Monday, May 12th. JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company boosted 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $185.00.

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.