Houlihan Lokey, Inc. (NYSE:HLI – Get Free Report) has been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $149.60.
A number of analysts have recently weighed in on HLI shares. UBS Group raised their price objective on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Morgan Stanley lowered their price objective on Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday. JPMorgan Chase & Co. lowered their price objective 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. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company started coverage on Houlihan Lokey in a research report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective for the company.
Read Our Latest Report on Houlihan Lokey
Insiders Place Their Bets
Hedge Funds Weigh In On Houlihan Lokey
Institutional investors have recently modified their holdings of the stock. Opal Wealth Advisors LLC purchased a new position in shares of Houlihan Lokey during the 2nd quarter valued at about $26,000. Crewe Advisors LLC increased its stake in shares of Houlihan Lokey by 264.5% in the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 164 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of Houlihan Lokey in the 2nd quarter valued at about $38,000. Accent Capital Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at about $42,000. Finally, Benjamin F. Edwards & Company Inc. increased its stake in shares of Houlihan Lokey by 194.9% in 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 in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.
Houlihan Lokey Trading Down 2.9 %
Shares of NYSE HLI opened at $154.64 on Thursday. The stock has a market capitalization of $10.61 billion, a PE ratio of 37.63 and a beta of 0.67. The stock’s fifty day simple moving average is $149.54 and its two-hundred day simple moving average is $136.90. Houlihan Lokey has a 12-month low of $94.67 and a 12-month high of $160.62.
Houlihan Lokey (NYSE:HLI – Get Free Report) last announced its earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $514.00 million for the quarter, compared to analysts’ expectations of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The business’s revenue for the quarter was up 23.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.89 EPS. On average, equities analysts predict that Houlihan Lokey will post 5.64 earnings per share for the current fiscal year.
Houlihan Lokey Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Sunday, September 15th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.47%. 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.
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