Thrivent Financial for Lutherans Has $134.05 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Thrivent Financial for Lutherans reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 993,975 shares of the financial services provider’s stock after selling 14,149 shares during the period. Thrivent Financial for Lutherans’ holdings in Houlihan Lokey were worth $134,048,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at approximately $70,225,000. Capital International Investors increased its position in shares of Houlihan Lokey by 56.7% during the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock valued at $94,977,000 after purchasing an additional 286,746 shares during the last quarter. Sei Investments Co. raised its stake in shares of Houlihan Lokey by 39.1% during the 4th quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock worth $83,128,000 after purchasing an additional 194,867 shares during the period. Jennison Associates LLC boosted its holdings in shares of Houlihan Lokey by 87.2% in the 1st quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock worth $44,503,000 after buying an additional 161,753 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Houlihan Lokey by 2.9% during the fourth quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock valued at $608,459,000 after buying an additional 143,560 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Chairman Irwin Gold sold 9,902 shares of Houlihan Lokey stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 19,619 shares of company stock worth $2,818,759 in the last 90 days. 25.97% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

HLI has been the subject of a number of research reports. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Wells Fargo & Company started coverage on Houlihan Lokey in a report on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price for the company. UBS Group increased their price target on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Morgan Stanley lowered their target price on shares of Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating on the stock in a research note on Wednesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $149.60.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $160.20 on Friday. The firm has a fifty day moving average of $150.66 and a 200 day moving average of $137.41. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $160.89. The firm has a market capitalization of $10.99 billion, a PE ratio of 38.98 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 EPS for the quarter, meeting the consensus estimate of $1.22. The firm had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company’s revenue was up 23.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.89 EPS. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.64 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.42%. The ex-dividend date was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

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.