Invesco Ltd. Boosts Position in Houlihan Lokey, Inc. (NYSE:HLI)

Invesco Ltd. grew its position in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 122.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 1,041,201 shares of the financial services provider's stock after acquiring an additional 573,745 shares during the quarter. Invesco Ltd. owned about 1.50% of Houlihan Lokey worth $180,815,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of Houlihan Lokey in the 4th quarter worth $143,559,000. Norges Bank bought a new stake in Houlihan Lokey during the fourth quarter worth approximately $114,047,000. Prudential Financial Inc. raised its position in Houlihan Lokey by 731.6% during the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock valued at $60,341,000 after purchasing an additional 305,685 shares during the period. Jennison Associates LLC lifted its stake in shares of Houlihan Lokey by 341.0% in the 4th quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock valued at $53,366,000 after purchasing an additional 237,615 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Houlihan Lokey by 9.4% in the 4th quarter. FMR LLC now owns 1,875,220 shares of the financial services provider's stock worth $325,651,000 after purchasing an additional 161,647 shares during the period. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on HLI shares. Morgan Stanley lowered their price target on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research report on Monday, April 7th. 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 upped their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. cut their price objective on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research report 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $183.40.

Houlihan Lokey Stock Performance

NYSE HLI traded up $1.07 on Friday, reaching $153.17. 225,079 shares of the stock traded hands, compared to its average volume of 352,147. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 29.23 and a beta of 0.84. The company has a fifty day moving average price of $162.46 and a 200-day moving average price of $171.92. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.49%. Houlihan Lokey's payout ratio is 43.51%.

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.