Stifel Financial Corp Increases Position in Houlihan Lokey, Inc. (NYSE:HLI)

Stifel Financial Corp grew its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 94,173 shares of the financial services provider's stock after purchasing an additional 4,385 shares during the quarter. Stifel Financial Corp owned about 0.14% of Houlihan Lokey worth $16,355,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Private Trust Co. NA bought a new position in Houlihan Lokey in the fourth quarter valued at approximately $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey in the 4th quarter worth about $62,000. Finally, Mather Group LLC. grew its position in Houlihan Lokey by 24.8% during 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. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 1.5 %

Houlihan Lokey stock traded up $2.46 during midday trading on Thursday, reaching $164.54. The stock had a trading volume of 58,564 shares, compared to its average volume of 417,586. The firm has a market capitalization of $11.54 billion, a PE ratio of 31.40 and a beta of 0.84. Houlihan Lokey, Inc. has a 12 month low of $127.14 and a 12 month high of $192.10. The firm's 50-day moving average price is $158.77 and its 200 day moving average price is $171.63.

Houlihan Lokey (NYSE:HLI - Get Free Report) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research report on Wednesday, January 29th. JMP Securities restated a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped 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. Keefe, Bruyette & Woods reiterated a "market perform" rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company lowered their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company 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.