Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. grew its stake in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,208 shares of the financial services provider's stock after acquiring an additional 2,155 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in Houlihan Lokey were worth $2,120,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Private Trust Co. NA acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC purchased a new stake in Houlihan Lokey during the fourth quarter worth about $53,000. VisionPoint Advisory Group LLC purchased a new position in Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, Mather Group LLC. raised its stake in shares of Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider's stock valued at $101,000 after acquiring 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 Performance

NYSE HLI traded down $0.55 during trading on Friday, reaching $159.33. The company's stock had a trading volume of 28,533 shares, compared to its average volume of 424,301. Houlihan Lokey, Inc. has a twelve month low of $125.97 and a twelve month high of $192.10. The firm has a market cap of $11.18 billion, a price-to-earnings ratio of 30.41 and a beta of 0.84. The business's fifty day moving average price is $160.10 and its 200-day moving average price is $171.74.

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

Houlihan Lokey Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.43%. Houlihan Lokey's dividend payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

HLI has been the topic of a number of recent research reports. UBS Group upped their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a "buy" rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a "market perform" rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Tuesday, February 25th. Morgan Stanley decreased their target price on Houlihan Lokey from $190.00 to $156.00 and set an "overweight" rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.