Fulton Bank N.A. grew its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 11.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,237 shares of the financial services provider’s stock after buying an additional 340 shares during the period. Fulton Bank N.A.’s holdings in Houlihan Lokey were worth $256,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in shares of Houlihan Lokey by 0.7% during the 1st quarter. Bank of America Corp DE now owns 1,414,349 shares of the financial services provider’s stock valued at $124,180,000 after purchasing an additional 9,600 shares in the last quarter. Verition Fund Management LLC lifted its holdings in shares of Houlihan Lokey by 4.1% during the 1st quarter. Verition Fund Management LLC now owns 6,778 shares of the financial services provider’s stock valued at $595,000 after purchasing an additional 269 shares in the last quarter. Walleye Capital LLC bought a new position in shares of Houlihan Lokey during the 1st quarter valued at about $277,000. Advisory Services Network LLC lifted its holdings in shares of Houlihan Lokey by 7.4% during the 1st quarter. Advisory Services Network LLC now owns 3,004 shares of the financial services provider’s stock valued at $263,000 after purchasing an additional 206 shares in the last quarter. Finally, Toroso Investments LLC lifted its holdings in shares of Houlihan Lokey by 49.8% during the 1st quarter. Toroso Investments LLC now owns 5,451 shares of the financial services provider’s stock valued at $479,000 after purchasing an additional 1,811 shares in the last quarter.
Analyst Ratings Changes
A number of brokerages recently issued reports on HLI. UBS Group dropped their target price on Houlihan Lokey from $105.00 to $102.00 and set a “buy” rating on the stock in a research report on Friday, July 29th. The Goldman Sachs Group decreased their target price on Houlihan Lokey from $106.00 to $95.00 and set a “buy” rating on the stock in a report on Monday, May 23rd. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “equal weight” rating and decreased their target price for the stock from $95.00 to $82.00 in a report on Monday, July 18th. Finally, Piper Sandler reduced their price target on 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 analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average target price of $93.40.
Houlihan Lokey Stock Performance
Houlihan Lokey (NYSE:HLI – Get Rating) last released its earnings results on Thursday, July 28th. The financial services provider reported $1.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.88 by $0.22. Houlihan Lokey had a return on equity of 32.86% and a net margin of 18.25%. The firm had revenue of $418.64 million during the quarter, compared to the consensus estimate of $381.08 million. Research analysts predict that Houlihan Lokey, Inc. will post 4.96 EPS for the current fiscal year.
Houlihan Lokey Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Friday, September 2nd were paid a $0.53 dividend. The ex-dividend date was Thursday, September 1st. This represents a $2.12 annualized dividend and a dividend yield of 2.64%. Houlihan Lokey’s payout ratio is 34.25%.
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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