Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 1.4% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,900 shares of the financial services provider’s stock after purchasing an additional 200 shares during the period. Louisiana State Employees Retirement System’s holdings in Houlihan Lokey were worth $2,588,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLI. Financial Life Planners purchased a new position in Houlihan Lokey in the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC purchased a new position in Houlihan Lokey in the third quarter valued at about $38,000. Golden State Wealth Management LLC purchased a new position in Houlihan Lokey in the fourth quarter valued at about $53,000. First Horizon Advisors Inc. boosted its holdings in Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares during the last quarter. Finally, Quarry LP purchased a new position in Houlihan Lokey in the third quarter valued at about $76,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 0.5 %

Shares of Houlihan Lokey stock opened at $178.35 on Friday. The business’s 50 day simple moving average is $177.69 and its 200-day simple moving average is $169.25. The stock has a market capitalization of $12.40 billion, a price-to-earnings ratio of 34.04 and a beta of 0.69. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.28%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Morgan Stanley increased their price target on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Thursday. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus target price of $194.40.

About Houlihan Lokey

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.