Barlow Wealth Partners Inc. Has $29 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Barlow Wealth Partners Inc. raised its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% in the 3rd quarter, Holdings Channel.com reports. The firm owned 180,345 shares of the financial services provider’s stock after acquiring an additional 3,164 shares during the period. Houlihan Lokey makes up 3.8% of Barlow Wealth Partners Inc.’s holdings, making the stock its 3rd biggest holding. Barlow Wealth Partners Inc.’s holdings in Houlihan Lokey were worth $29,001,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of HLI. Envestnet Asset Management Inc. grew its position in shares of Houlihan Lokey by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 480,772 shares of the financial services provider’s stock valued at $57,649,000 after buying an additional 10,595 shares during the last quarter. Quadrature Capital Ltd grew its position in shares of Houlihan Lokey by 134.1% during the 4th quarter. Quadrature Capital Ltd now owns 11,636 shares of the financial services provider’s stock valued at $1,395,000 after buying an additional 6,665 shares during the last quarter. Argent Capital Management LLC grew its position in shares of Houlihan Lokey by 8.2% during the 4th quarter. Argent Capital Management LLC now owns 248,398 shares of the financial services provider’s stock valued at $29,785,000 after buying an additional 18,834 shares during the last quarter. Teachers Retirement System of The State of Kentucky bought a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $1,427,000. Finally, American International Group Inc. boosted its stake in Houlihan Lokey by 15,061.5% during the 4th quarter. American International Group Inc. now owns 69,743 shares of the financial services provider’s stock valued at $8,363,000 after purchasing an additional 69,283 shares during the period. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on HLI shares. JPMorgan Chase & Co. reduced their target price 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. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price for the company. UBS Group boosted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley boosted their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd. Finally, 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 note on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $157.00.

Insider Buying and Selling

In related news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.28, for a total transaction of $30,456.00. Following the completion of the sale, the director now directly owns 6,801 shares in the company, valued at approximately $1,035,656.28. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total transaction of $30,456.00. Following the sale, the director now owns 6,801 shares of the company’s stock, valued at $1,035,656.28. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,717 shares of company stock worth $1,479,513 in the last ninety days. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI traded up $1.11 during trading on Wednesday, reaching $164.96. The company had a trading volume of 24,140 shares, compared to its average volume of 321,802. The firm’s fifty day moving average is $153.95 and its 200 day moving average is $140.61. The firm has a market capitalization of $11.31 billion, a PE ratio of 39.87 and a beta of 0.66. Houlihan Lokey, Inc. has a twelve month low of $94.67 and a twelve month high of $165.42.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.22. The company had revenue of $514.00 million during the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The business’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.89 EPS. Equities analysts predict that Houlihan Lokey, Inc. will post 5.54 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date of this dividend was Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is currently 55.47%.

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.