Houlihan Lokey, Inc. (NYSE:HLI) Stock Position Trimmed by US Bancorp DE

US Bancorp DE decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 10.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,248 shares of the financial services provider’s stock after selling 3,090 shares during the period. US Bancorp DE’s holdings in Houlihan Lokey were worth $1,979,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Burgundy Asset Management Ltd. increased its stake in Houlihan Lokey by 2.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 1,625,544 shares of the financial services provider’s stock valued at $128,304,000 after buying an additional 37,684 shares during the period. Bank of America Corp DE increased its stake in 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 buying an additional 9,600 shares during the period. Dimensional Fund Advisors LP increased its stake in Houlihan Lokey by 5.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 802,394 shares of the financial services provider’s stock valued at $70,456,000 after buying an additional 39,823 shares during the period. First Trust Advisors LP increased its stake in Houlihan Lokey by 8.1% during the 1st quarter. First Trust Advisors LP now owns 774,565 shares of the financial services provider’s stock valued at $68,007,000 after buying an additional 58,369 shares during the period. Finally, Nordea Investment Management AB increased its stake in Houlihan Lokey by 4.7% during the 3rd quarter. Nordea Investment Management AB now owns 571,043 shares of the financial services provider’s stock valued at $43,873,000 after buying an additional 25,512 shares during the period. Institutional investors and hedge funds own 70.74% of the company’s stock.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $99.53, for a total value of $497,650.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Chairman Irwin Gold sold 5,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, November 25th. The shares were sold at an average price of $99.53, for a total value of $497,650.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Scott L. Beiser sold 16,367 shares of Houlihan Lokey stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $93.28, for a total transaction of $1,526,713.76. The disclosure for this sale can be found here. Insiders sold 22,182 shares of company stock worth $2,104,658 over the last ninety days. 27.90% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HLI. Keefe, Bruyette & Woods lifted their price objective on shares of Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a research note on Tuesday, January 3rd. StockNews.com began coverage on shares of Houlihan Lokey in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. Finally, Morgan Stanley lifted their price objective on shares of Houlihan Lokey from $75.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Monday, October 31st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $89.60.

Houlihan Lokey Price Performance

Shares of HLI opened at $97.91 on Monday. Houlihan Lokey, Inc. has a one year low of $74.18 and a one year high of $116.74. The company has a 50-day moving average of $93.94 and a two-hundred day moving average of $85.81. The stock has a market cap of $6.72 billion, a price-to-earnings ratio of 18.10 and a beta of 0.75.

Houlihan Lokey (NYSE:HLI – Get Rating) last announced its earnings results on Thursday, October 27th. The financial services provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.04 by $0.15. Houlihan Lokey had a net margin of 16.33% and a return on equity of 30.44%. The company had revenue of $489.54 million during the quarter, compared to analysts’ expectations of $427.32 million. Analysts anticipate that Houlihan Lokey, Inc. will post 4.67 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, December 15th. Investors of record on Friday, December 2nd were issued a dividend of $0.53 per share. 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 dividend payout ratio is currently 39.19%.

Houlihan Lokey Company 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.