US Bancorp DE Sells 3,119 Shares of Houlihan Lokey, Inc. $HLI

Key Points

• US Bancorp DE reduced its stake in Houlihan Lokey, Inc. by 11.8%, selling 3,119 shares to hold a total of 23,202 shares worth $4,175,000.
• In its latest earnings report, Houlihan Lokey posted $2.14 EPS, exceeding estimates, with quarterly revenue up 17.8% year-over-year.
• The company also declared a quarterly dividend of $0.60 per share, representing a 1.3% yield with a 40.40% payout ratio.

US Bancorp DE lowered its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,202 shares of the financial services provider's stock after selling 3,119 shares during the quarter. US Bancorp DE's holdings in Houlihan Lokey were worth $4,175,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in Houlihan Lokey by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider's stock valued at $857,017,000 after buying an additional 41,030 shares during the period. Goldman Sachs Group Inc. increased its holdings in Houlihan Lokey by 5.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider's stock valued at $67,143,000 after buying an additional 22,553 shares during the period. Natixis Advisors LLC increased its holdings in Houlihan Lokey by 3.0% in the 1st quarter. Natixis Advisors LLC now owns 402,763 shares of the financial services provider's stock valued at $65,046,000 after buying an additional 11,709 shares during the period. Jennison Associates LLC increased its holdings in Houlihan Lokey by 12.1% in the 1st quarter. Jennison Associates LLC now owns 344,604 shares of the financial services provider's stock valued at $55,654,000 after buying an additional 37,300 shares during the period. Finally, Westfield Capital Management Co. LP bought a new stake in Houlihan Lokey in the 1st quarter valued at $46,236,000. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Performance

HLI opened at $191.69 on Tuesday. The firm's 50-day simple moving average is $198.20 and its 200-day simple moving average is $182.24. The firm has a market cap of $13.48 billion, a price-to-earnings ratio of 32.27 and a beta of 0.87. Houlihan Lokey, Inc. has a twelve month low of $137.99 and a twelve month high of $211.78.

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

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 15th. Investors of record on Tuesday, September 2nd were given a dividend of $0.60 per share. The ex-dividend date was Tuesday, September 2nd. This represents a $2.40 annualized dividend and a yield of 1.3%. Houlihan Lokey's dividend payout ratio is 40.40%.

Insider Buying and Selling

In related news, Chairman Irwin Gold sold 6,811 shares of the company's stock in a transaction dated Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the company's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The disclosure for this sale can be found here. Insiders have sold a total of 47,311 shares of company stock worth $9,477,040 in the last 90 days. Corporate insiders own 22.83% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on HLI. Keefe, Bruyette & Woods lowered their price target on shares of Houlihan Lokey from $232.00 to $226.00 and set an "outperform" rating on the stock in a report on Monday. Wall Street Zen lowered shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Saturday, August 2nd. Zacks Research lowered shares of Houlihan Lokey from a "strong-buy" rating to a "hold" rating in a report on Monday, September 29th. Morgan Stanley upped their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an "overweight" rating in a report on Monday, September 8th. Finally, Wells Fargo & Company upped their target price on shares of Houlihan Lokey from $185.00 to $209.00 and gave the stock an "overweight" rating in a report on Friday, July 11th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Houlihan Lokey currently has an average rating of "Moderate Buy" and an average price target of $212.43.

Houlihan Lokey Company 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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