Barclays PLC boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI - Free Report) by 21.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 36,821 shares of the financial services provider's stock after purchasing an additional 6,483 shares during the period. Barclays PLC owned about 0.05% of Houlihan Lokey worth $5,818,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bridges Investment Management Inc. bought a new position in shares of Houlihan Lokey in the 2nd quarter valued at about $619,000. Natixis Advisors LLC grew its stake in Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider's stock valued at $63,111,000 after purchasing an additional 9,768 shares in the last quarter. XTX Topco Ltd acquired a new position in shares of Houlihan Lokey during the 2nd quarter worth approximately $687,000. &PARTNERS bought a new stake in shares of Houlihan Lokey during the 2nd quarter worth approximately $454,000. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at approximately $3,260,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on HLI shares. Morgan Stanley lowered shares of Houlihan Lokey from an "equal weight" rating to an "underweight" rating and upped their price target for the stock from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group upped their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a "buy" rating in a report on Tuesday, October 8th. StockNews.com cut Houlihan Lokey from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. Finally, Wells Fargo & Company boosted their price target on Houlihan Lokey from $157.00 to $180.00 and gave the stock an "underweight" rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $170.60.
Read Our Latest Stock Analysis on Houlihan Lokey
In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the business's stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company's stock, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 23.68% of the company's stock.
NYSE:HLI opened at $172.74 on Friday. The stock has a 50 day simple moving average of $178.84 and a 200 day simple moving average of $157.76. Houlihan Lokey, Inc. has a 1-year low of $112.17 and a 1-year high of $192.10. The stock has a market cap of $12.01 billion, a P/E ratio of 35.33 and a beta of 0.67.
Houlihan Lokey (NYSE:HLI - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.31 by $0.15. The firm had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business's revenue was up 23.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.11 EPS. As a group, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $2.28 annualized dividend and a yield of 1.32%. Houlihan Lokey's dividend payout ratio is currently 46.63%.
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.
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