Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by AE Wealth Management LLC

AE Wealth Management LLC cut its position in Houlihan Lokey, Inc. (NYSE:HLIGet Rating) by 33.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,189 shares of the financial services provider’s stock after selling 4,570 shares during the quarter. AE Wealth Management LLC’s holdings in Houlihan Lokey were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of HLI. JPMorgan Chase & Co. grew its stake in shares of Houlihan Lokey by 16.8% in the first 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 in the last quarter. American Century Companies Inc. grew its stake in Houlihan Lokey by 57.5% during the 1st quarter. American Century Companies Inc. now owns 18,165 shares of the financial services provider’s stock worth $1,595,000 after purchasing an additional 6,633 shares in the last quarter. Bank of Montreal Can grew its stake in Houlihan Lokey by 6.0% during the 1st quarter. Bank of Montreal Can now owns 18,962 shares of the financial services provider’s stock worth $1,777,000 after purchasing an additional 1,078 shares in the last quarter. MetLife Investment Management LLC grew its stake in Houlihan Lokey by 54.8% during the 1st quarter. MetLife Investment Management LLC now owns 27,261 shares of the financial services provider’s stock worth $2,394,000 after purchasing an additional 9,655 shares in the last quarter. Finally, Panagora Asset Management Inc. acquired a new position in Houlihan Lokey during the 1st quarter worth $1,135,000. 70.74% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently commented on HLI shares. Keefe, Bruyette & Woods boosted their target price on Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 3rd. Morgan Stanley boosted their target price on Houlihan Lokey from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, October 31st. Finally, StockNews.com started coverage on Houlihan Lokey in a research note on Wednesday, October 12th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $89.60.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $97.91 on Friday. The stock has a 50-day simple moving average of $93.94 and a 200-day simple moving average of $85.75. The stock has a market cap of $6.72 billion, a P/E ratio of 18.10 and a beta of 0.75. Houlihan Lokey, Inc. has a 1 year low of $74.18 and a 1 year high of $116.74.

Houlihan Lokey (NYSE:HLIGet Rating) last released its quarterly earnings data on Thursday, October 27th. The financial services provider reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.15. The business had revenue of $489.54 million during the quarter, compared to analysts’ expectations of $427.32 million. Houlihan Lokey had a return on equity of 30.44% and a net margin of 16.33%. On average, equities research analysts predict that Houlihan Lokey, Inc. will post 4.82 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 15th. Stockholders of record on Friday, December 2nd were issued a $0.53 dividend. This represents a $2.12 annualized dividend and a dividend yield of 2.17%. The ex-dividend date was Thursday, December 1st. Houlihan Lokey’s payout ratio is currently 39.19%.

Insider Activity

In other news, Chairman Irwin Gold sold 5,000 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $99.53, for a total value of $497,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Chairman Irwin Gold sold 5,000 shares of the business’s stock in a transaction dated Friday, November 25th. The stock was sold at an average price of $99.53, for a total value of $497,650.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott L. Beiser sold 16,367 shares of the business’s stock in a transaction dated Monday, November 7th. The shares were sold at an average price of $93.28, for a total value of $1,526,713.76. The disclosure for this sale can be found here. In the last three months, insiders sold 22,182 shares of company stock valued at $2,104,658. Insiders own 27.90% of the company’s stock.

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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