Harel Insurance Investments & Financial Services Ltd. trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 30.0% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 700 shares of the financial services provider’s stock after selling 300 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.’s holdings in Houlihan Lokey were worth $61,000 as of its most recent filing with the SEC.
Other large investors have also bought and sold shares of the company. TCI Wealth Advisors Inc. increased its stake in Houlihan Lokey by 81.0% during the 1st quarter. TCI Wealth Advisors Inc. now owns 353 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 158 shares in the last quarter. Ahrens Investment Partners LLC bought a new stake in Houlihan Lokey during the 1st quarter worth approximately $34,000. Lazard Asset Management LLC grew its stake in shares of Houlihan Lokey by 89.3% during the 4th quarter. Lazard Asset Management LLC now owns 549 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 259 shares in the last quarter. Covestor Ltd bought a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $104,000. Finally, Dupont Capital Management Corp bought a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $106,000. 74.34% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on HLI shares. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “equal weight” rating and decreased their price target for the stock from $95.00 to $82.00 in a research note on Monday, July 18th. StockNews.com cut shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Thursday, May 19th. The Goldman Sachs Group decreased their price target on shares of Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating for the company in a research note on Monday, May 23rd. Finally, Piper Sandler decreased their price target on shares of Houlihan Lokey from $80.00 to $78.00 and set an “underweight” rating for the company in a research note on Friday, July 8th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $96.20.
Houlihan Lokey Trading Up 0.2 %
Houlihan Lokey (NYSE:HLI – Get Rating) last released its quarterly earnings data on Thursday, May 12th. The financial services provider reported $1.30 EPS for the quarter, beating the consensus estimate of $1.10 by $0.20. The company had revenue of $471.17 million during the quarter, compared to the consensus estimate of $420.62 million. Houlihan Lokey had a return on equity of 33.47% and a net margin of 19.28%. As a group, sell-side analysts predict that Houlihan Lokey, Inc. will post 5.58 EPS for the current fiscal year.
Houlihan Lokey Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Thursday, June 2nd were issued a dividend of $0.53 per share. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.43. The ex-dividend date was Wednesday, June 1st. This represents a $2.12 annualized dividend and a yield of 2.60%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 33.07%.
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.
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