Houlihan Lokey, Inc. (NYSE:HLI) Shares Bought by Hsbc Holdings PLC

Hsbc Holdings PLC increased its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 394.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 29,721 shares of the financial services provider's stock after purchasing an additional 23,714 shares during the quarter. Hsbc Holdings PLC's holdings in Houlihan Lokey were worth $5,169,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in HLI. Barclays PLC grew its position in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider's stock worth $5,818,000 after acquiring an additional 6,483 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Houlihan Lokey in the 4th quarter worth approximately $5,133,000. Jones Financial Companies Lllp lifted its position in shares of Houlihan Lokey by 80.9% in the 4th 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 during the period. Assenagon Asset Management S.A. purchased a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $21,613,000. Finally, Park Avenue Securities LLC lifted its stake in shares of Houlihan Lokey by 20.8% in the 4th quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider's stock valued at $1,614,000 after purchasing an additional 1,599 shares during the period. Institutional investors own 78.07% of the company's stock.

Houlihan Lokey Stock Up 1.9 %

HLI traded up $3.05 during trading on Friday, reaching $166.95. The company's stock had a trading volume of 515,323 shares, compared to its average volume of 350,130. Houlihan Lokey, Inc. has a 1 year low of $127.14 and a 1 year high of $192.10. The company has a market cap of $11.71 billion, a price-to-earnings ratio of 31.86 and a beta of 0.84. The firm has a fifty day simple moving average of $158.63 and a two-hundred day simple moving average of $171.59.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HLI shares. UBS Group upped their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company decreased their target price on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Morgan Stanley reduced their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $183.40.

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.