Amundi raised its stake in Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 9,223.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 12,586 shares of the financial services provider’s stock after purchasing an additional 12,451 shares during the quarter. Amundi’s holdings in Houlihan Lokey were worth $2,182,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $29,000. Financial Life Planners purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $53,000. VisionPoint Advisory Group LLC purchased a new stake in shares of Houlihan Lokey in the fourth quarter worth approximately $62,000. Finally, First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.
Houlihan Lokey Trading Up 1.6 %
Shares of NYSE HLI opened at $161.50 on Tuesday. The stock has a fifty day simple moving average of $173.82 and a two-hundred day simple moving average of $172.10. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The firm has a market cap of $11.33 billion, a price-to-earnings ratio of 30.82 and a beta of 0.72.
Houlihan Lokey Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on HLI. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $201.00 to $190.00 in a research report on Thursday, March 13th. Finally, UBS Group increased their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $192.00.
Check Out Our Latest Report on Houlihan Lokey
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.
Featured Stories
- Five stocks we like better than Houlihan Lokey
- 3 Ways To Invest In Coffee, Other Than Drinking It
- Can TikTok Stock Picks Really Make You Rich?
- Stock Market Upgrades: What Are They?
- The “Quality” Rotation: Back to Basics Investing
- 3 REITs to Buy and Hold for the Long Term
- Occidental Petroleum: 4 Reasons to Love These Prices
Want to see what other hedge funds are holding HLI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Houlihan Lokey, Inc. (NYSE:HLI – Free Report).
Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.