Analysts Set Houlihan Lokey, Inc. (NYSE:HLI) Target Price at $157.00

Shares of Houlihan Lokey, Inc. (NYSE:HLI) have been given an average rating of “Hold” by the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $157.00.

A number of research firms have weighed in on HLI. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Wells Fargo & Company initiated coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target on the stock. Finally, Morgan Stanley boosted their price objective on Houlihan Lokey from $146.00 to $163.00 and gave the company an “equal weight” rating in a research note on Monday, September 23rd.

Insider Activity at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the firm’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 transaction, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the transaction, the director now owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,917 shares of company stock valued at $1,513,129 over the last 90 days. 23.68% of the stock is owned by insiders.

Institutional Investors Weigh In On Houlihan Lokey

Institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP lifted its holdings in Houlihan Lokey by 624.8% in the 1st quarter. Quantbot Technologies LP now owns 7,270 shares of the financial services provider’s stock worth $932,000 after buying an additional 6,267 shares during the period. Vanguard Group Inc. boosted its holdings in Houlihan Lokey by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock valued at $654,300,000 after acquiring an additional 29,843 shares in the last quarter. Sei Investments Co. boosted its holdings in Houlihan Lokey by 5.5% in the first quarter. Sei Investments Co. now owns 731,130 shares of the financial services provider’s stock valued at $93,723,000 after acquiring an additional 37,882 shares in the last quarter. Duality Advisers LP purchased a new position in Houlihan Lokey during the 1st quarter valued at $690,000. Finally, Janus Henderson Group PLC raised its holdings in Houlihan Lokey by 27.1% in the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 6,535 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 1.8 %

Shares of NYSE:HLI opened at $186.53 on Friday. The stock has a market cap of $12.97 billion, a price-to-earnings ratio of 38.15 and a beta of 0.65. The business’s 50 day moving average is $164.85 and its 200 day moving average is $148.61. Houlihan Lokey has a 12-month low of $101.92 and a 12-month high of $190.66.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the previous year, the company earned $1.11 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, equities research analysts expect that Houlihan Lokey will post 5.79 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.22%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

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.