Nordea Investment Management AB Has $48.28 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Nordea Investment Management AB cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 34.2% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 277,008 shares of the financial services provider’s stock after selling 144,212 shares during the quarter. Nordea Investment Management AB owned about 0.40% of Houlihan Lokey worth $48,280,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of HLI. Millennium Management LLC boosted its holdings in shares of Houlihan Lokey by 24,074.0% in the second quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after buying an additional 499,535 shares during the period. Fiera Capital Corp increased its holdings in Houlihan Lokey by 666.8% during the 3rd quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock worth $44,831,000 after purchasing an additional 246,705 shares in the last quarter. Lord Abbett & CO. LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at about $24,177,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its position in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares during the period. 78.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on HLI. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Keefe, Bruyette & Woods lifted their target price on Houlihan Lokey from $171.00 to $172.00 and gave the company a “market perform” rating in a research report on Friday, December 20th. Finally, Wells Fargo & Company upped their target price on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a report on Thursday, December 12th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average price target of $174.20.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Stock Down 1.4 %

NYSE:HLI opened at $170.76 on Wednesday. Houlihan Lokey, Inc. has a 12-month low of $112.17 and a 12-month high of $192.10. The firm has a market capitalization of $11.87 billion, a price-to-earnings ratio of 34.92 and a beta of 0.69. The stock’s 50 day moving average price is $179.92 and its two-hundred day moving average price is $162.02.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same period in the previous year, the firm earned $1.11 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. Equities research analysts expect that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend was Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Houlihan Lokey 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.