Truist Financial Corp Sells 1,931 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Truist Financial Corp decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 12.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,544 shares of the financial services provider’s stock after selling 1,931 shares during the quarter. Truist Financial Corp’s holdings in Houlihan Lokey were worth $1,827,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ameritas Investment Partners Inc. grew its holdings in Houlihan Lokey by 0.5% during the 1st quarter. Ameritas Investment Partners Inc. now owns 18,293 shares of the financial services provider’s stock worth $2,345,000 after acquiring an additional 97 shares during the period. Park Avenue Securities LLC grew its stake in shares of Houlihan Lokey by 1.4% during the second quarter. Park Avenue Securities LLC now owns 8,532 shares of the financial services provider’s stock worth $1,151,000 after purchasing an additional 120 shares during the period. Portside Wealth Group LLC increased its holdings in Houlihan Lokey by 6.3% in the second quarter. Portside Wealth Group LLC now owns 2,224 shares of the financial services provider’s stock valued at $300,000 after purchasing an additional 131 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Houlihan Lokey by 27.7% in the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider’s stock valued at $100,000 after buying an additional 162 shares during the period. Finally, Crewe Advisors LLC boosted its holdings in Houlihan Lokey by 264.5% during the second quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after buying an additional 164 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLI. JPMorgan Chase & Co. cut their price target on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Morgan Stanley increased their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. Wells Fargo & Company started coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target for the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research note on Wednesday, July 31st. Finally, UBS Group boosted their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $157.00.

Insider Transactions at Houlihan Lokey

In related news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the transaction, the director now owns 7,001 shares in the company, valued at approximately $1,067,582.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $152.49, for a total transaction of $30,498.00. Following the completion of the transaction, the director now directly owns 7,001 shares of the company’s stock, valued at approximately $1,067,582.49. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, General Counsel Christopher M. Crain sold 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,717 shares of company stock valued at $1,479,513 over the last 90 days. 23.68% of the stock is owned by corporate insiders.

Houlihan Lokey Trading Up 2.0 %

Shares of NYSE HLI opened at $167.48 on Friday. The company has a fifty day moving average price of $155.04 and a 200 day moving average price of $141.24. The firm has a market cap of $11.64 billion, a PE ratio of 37.14 and a beta of 0.66. Houlihan Lokey, Inc. has a 1-year low of $94.67 and a 1-year high of $167.87.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share for the quarter, hitting the consensus estimate of $1.22. The company had revenue of $514.00 million during 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%. Houlihan Lokey’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 firm earned $0.89 earnings per share. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.36%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 50.55%.

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.