3,265 Shares in Houlihan Lokey, Inc. (NYSE:HLI) Acquired by Pinebridge Investments L.P.

Pinebridge Investments L.P. acquired a new stake in shares of Houlihan Lokey, Inc. (NYSE:HLI - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 3,265 shares of the financial services provider's stock, valued at approximately $567,000.

A number of other large investors also recently modified their holdings of HLI. Raymond James Financial Inc. bought a new position in shares of Houlihan Lokey during the 4th quarter valued at about $143,559,000. Norges Bank bought a new stake in Houlihan Lokey during the fourth quarter worth approximately $114,047,000. Invesco Ltd. raised its position in Houlihan Lokey by 122.7% during the fourth 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 period. Prudential Financial Inc. lifted its stake in shares of Houlihan Lokey by 731.6% in the 4th 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 last quarter. Finally, Jennison Associates LLC boosted its holdings 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 worth $53,366,000 after purchasing an additional 237,615 shares during the period. Hedge funds and other institutional investors own 78.07% of the company's stock.

Wall Street Analysts Forecast Growth

HLI has been the subject of several recent analyst reports. 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 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their price objective 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. Wells Fargo & Company reduced their price target on Houlihan Lokey from $179.00 to $170.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. Finally, StockNews.com lowered Houlihan Lokey from a "buy" rating to a "hold" rating in a research note on Tuesday, February 25th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has a consensus rating of "Hold" and a consensus price target of $183.40.

Houlihan Lokey Stock Performance

Shares of Houlihan Lokey stock traded up $1.98 during trading on Thursday, hitting $164.06. 255,648 shares of the company's stock were exchanged, compared to its average volume of 349,469. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of 31.31 and a beta of 0.84. The business has a 50-day simple moving average of $158.63 and a 200-day simple moving average of $171.59. Houlihan Lokey, Inc. has a 52-week low of $127.14 and a 52-week 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 net margin of 16.00% and a return on equity of 20.04%. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal 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.