Northern Trust Corp Has $107.73 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Northern Trust Corp lifted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 3.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 620,324 shares of the financial services provider's stock after purchasing an additional 19,406 shares during the period. Northern Trust Corp owned approximately 0.89% of Houlihan Lokey worth $107,725,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tudor Investment Corp ET AL raised its position in shares of Houlihan Lokey by 100.2% during the fourth quarter. Tudor Investment Corp ET AL now owns 23,970 shares of the financial services provider's stock worth $4,163,000 after acquiring an additional 11,995 shares during the last quarter. Aquatic Capital Management LLC acquired a new position in Houlihan Lokey during the 4th quarter valued at about $2,029,000. Nebula Research & Development LLC bought a new position in shares of Houlihan Lokey in the 4th quarter valued at about $253,000. Integrated Wealth Concepts LLC raised its stake in shares of Houlihan Lokey by 9.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 11,030 shares of the financial services provider's stock worth $1,915,000 after buying an additional 996 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Houlihan Lokey by 14.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 33,808 shares of the financial services provider's stock valued at $5,872,000 after buying an additional 4,170 shares during the period. Institutional investors and hedge funds own 78.07% of the company's stock.

Analysts Set New Price Targets

HLI has been the topic of a number of analyst reports. JMP Securities reissued a "market perform" rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated a "market perform" rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. 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 research note on Wednesday, January 29th. UBS Group upped their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a "buy" rating in a research note on Wednesday, January 29th. Finally, StockNews.com cut shares of Houlihan Lokey from a "buy" rating to a "hold" rating in a research report on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Houlihan Lokey presently has an average rating of "Hold" and a consensus target price of $183.40.

Houlihan Lokey Trading Up 0.8 %

Shares of Houlihan Lokey stock traded up $1.33 on Wednesday, reaching $164.27. 427,556 shares of the company were exchanged, compared to its average volume of 351,981. The company has a market capitalization of $11.52 billion, a price-to-earnings ratio of 31.35 and a beta of 0.82. Houlihan Lokey, Inc. has a one year low of $127.14 and a one year high of $192.10. The company has a 50-day moving average of $158.35 and a 200 day moving average of $171.43.

Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.42. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Company 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.