Fiera Capital Corp Lowers Position in Houlihan Lokey, Inc. (NYSE:HLI)

Fiera Capital Corp trimmed its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 277,467 shares of the financial services provider’s stock after selling 6,235 shares during the quarter. Fiera Capital Corp owned 0.40% of Houlihan Lokey worth $48,185,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in HLI. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter valued at about $33,000. Wolff Wiese Magana LLC purchased a new stake in Houlihan Lokey in the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $53,000. First Horizon Advisors Inc. boosted its stake in shares of Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares during the last quarter. Finally, Quarry LP bought a new position in shares of Houlihan Lokey in the third quarter valued at approximately $76,000. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. 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. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, UBS Group raised their price target 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. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Down 1.2 %

NYSE HLI opened at $177.69 on Thursday. The company has a market cap of $12.35 billion, a PE ratio of 33.91 and a beta of 0.69. Houlihan Lokey, Inc. has a 52 week low of $121.81 and a 52 week high of $192.10. The firm’s 50-day simple moving average is $177.82 and its two-hundred day simple moving average is $169.18.

Houlihan Lokey (NYSE:HLI) last posted its quarterly 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%. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

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

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.