Houlihan Lokey (NYSE:HLI) Price Target Raised to $163.00 at Morgan Stanley

Houlihan Lokey (NYSE:HLI) had its target price hoisted by Morgan Stanley from $146.00 to $163.00 in a report issued on Monday, Benzinga reports. The firm presently has an “equal weight” rating on the financial services provider’s stock. Morgan Stanley’s price target would suggest a potential upside of 1.34% from the stock’s current price.

A number of other brokerages also recently issued reports on HLI. UBS Group increased their price target on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Wells Fargo & Company began coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. JPMorgan Chase & Co. cut 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 report on Wednesday, July 31st. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $153.00.

Houlihan Lokey Stock Up 0.3 %

Shares of Houlihan Lokey stock traded up $0.55 during trading on Monday, reaching $160.85. The company’s stock had a trading volume of 52,092 shares, compared to its average volume of 324,735. The business’s 50-day moving average price is $150.66 and its 200-day moving average price is $137.59. Houlihan Lokey has a 52 week low of $94.67 and a 52 week high of $162.47. The firm has a market cap of $11.03 billion, a PE ratio of 39.20 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.22. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The firm had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. During the same quarter in the previous year, the firm posted $0.89 EPS. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. Equities analysts predict that Houlihan Lokey will post 5.64 earnings per share for the current year.

Insider Activity

In related news, Chairman Scott L. Beiser sold 8,317 shares of the company’s stock in a transaction that occurred on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, Chairman Scott L. Beiser sold 8,317 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Chairman Irwin Gold sold 9,902 shares of the company’s 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 disclosure for this sale can be found here. In the last three months, insiders have sold 19,619 shares of company stock worth $2,818,759. Corporate insiders own 25.97% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Opal Wealth Advisors LLC acquired a new position in Houlihan Lokey during the 2nd quarter worth about $26,000. Crewe Advisors LLC lifted its stake in shares of Houlihan Lokey by 264.5% in the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares during the period. Ashton Thomas Private Wealth LLC bought a new stake in Houlihan Lokey in the second quarter valued at approximately $38,000. Accent Capital Management LLC acquired a new stake in Houlihan Lokey during the 4th quarter valued at approximately $42,000. Finally, Benjamin F. Edwards & Company Inc. increased its position in Houlihan Lokey by 194.9% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 401 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 265 shares during the period. Institutional investors own 78.07% of the company’s stock.

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.