Legal & General Group Plc Has $18.23 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Legal & General Group Plc reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 4.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,961 shares of the financial services provider's stock after selling 5,056 shares during the quarter. Legal & General Group Plc owned 0.15% of Houlihan Lokey worth $18,228,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Raymond James Financial Inc. bought a new position in shares of Houlihan Lokey in the fourth quarter worth about $143,559,000. Norges Bank acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $114,047,000. Invesco Ltd. lifted its stake in Houlihan Lokey by 122.7% in the 4th quarter. Invesco Ltd. now owns 1,041,201 shares of the financial services provider's stock valued at $180,815,000 after purchasing an additional 573,745 shares during the last quarter. Prudential Financial Inc. boosted its position in Houlihan Lokey by 731.6% in the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider's stock valued at $60,341,000 after buying an additional 305,685 shares in the last quarter. Finally, Jennison Associates LLC grew its stake in shares of Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider's stock worth $53,366,000 after buying an additional 237,615 shares during the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Price Performance

NYSE HLI traded up $1.07 during mid-day trading on Friday, reaching $153.17. 225,079 shares of the stock were exchanged, compared to its average volume of 352,896. The stock has a market cap of $10.74 billion, a P/E ratio of 29.23 and a beta of 0.84. The stock has a 50 day simple moving average of $161.93 and a 200-day simple moving average of $171.88. Houlihan Lokey, Inc. has a one year low of $122.41 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its 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%. Sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts have recently commented on HLI shares. Morgan Stanley dropped their price target 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. JPMorgan Chase & Co. cut their price target on Houlihan Lokey from $172.00 to $169.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 29th. JMP Securities reaffirmed a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated a "market perform" rating and issued a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, Wells Fargo & Company reduced their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently 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.