Raymond James & Associates Has $4.82 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Raymond James & Associates reduced its holdings in Houlihan Lokey, Inc. (NYSE:HLIGet Rating) by 15.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,912 shares of the financial services provider’s stock after selling 10,087 shares during the period. Raymond James & Associates owned 0.08% of Houlihan Lokey worth $4,821,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Houlihan Lokey by 16.8% in the 1st quarter. JPMorgan Chase & Co. now owns 117,793 shares of the financial services provider’s stock valued at $10,342,000 after buying an additional 16,957 shares during the last quarter. Argent Capital Management LLC increased its stake in Houlihan Lokey by 0.6% in the 1st quarter. Argent Capital Management LLC now owns 42,283 shares of the financial services provider’s stock valued at $3,712,000 after buying an additional 237 shares during the last quarter. Jennison Associates LLC increased its stake in Houlihan Lokey by 3.0% in the 1st quarter. Jennison Associates LLC now owns 422,072 shares of the financial services provider’s stock valued at $37,058,000 after buying an additional 12,153 shares during the last quarter. Trek Financial LLC increased its stake in Houlihan Lokey by 24.7% in the 1st quarter. Trek Financial LLC now owns 6,481 shares of the financial services provider’s stock valued at $569,000 after buying an additional 1,282 shares during the last quarter. Finally, Van ECK Associates Corp increased its stake in Houlihan Lokey by 15.9% in the 1st quarter. Van ECK Associates Corp now owns 1,481 shares of the financial services provider’s stock valued at $130,000 after buying an additional 203 shares during the last quarter.

Houlihan Lokey Stock Up 2.7 %

Shares of Houlihan Lokey stock opened at $77.42 on Wednesday. Houlihan Lokey, Inc. has a twelve month low of $74.23 and a twelve month high of $122.62. The company has a 50-day simple moving average of $82.01 and a two-hundred day simple moving average of $86.67. The stock has a market capitalization of $5.33 billion, a price-to-earnings ratio of 12.18 and a beta of 0.68.

Houlihan Lokey (NYSE:HLIGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The financial services provider reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.88 by $0.22. Houlihan Lokey had a net margin of 18.25% and a return on equity of 32.86%. The business had revenue of $418.64 million during the quarter, compared to analysts’ expectations of $381.08 million. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 4.96 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Friday, September 2nd will be paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Thursday, September 1st. Houlihan Lokey’s dividend payout ratio (DPR) is 34.25%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. UBS Group decreased their price objective on shares of Houlihan Lokey from $105.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, July 29th. The Goldman Sachs Group decreased their price objective on shares of Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating for the company in a research report on Monday, May 23rd. Piper Sandler decreased their price objective on shares of Houlihan Lokey from $80.00 to $78.00 and set an “underweight” rating for the company in a research report on Friday, July 8th. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “equal weight” rating and decreased their price objective for the company from $95.00 to $82.00 in a research report on Monday, July 18th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Thursday, May 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $93.40.

Houlihan Lokey Profile

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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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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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