Fifth Third Bancorp Increases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Fifth Third Bancorp grew its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 1.2% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,212 shares of the financial services provider’s stock after purchasing an additional 462 shares during the quarter. Fifth Third Bancorp owned approximately 0.06% of Houlihan Lokey worth $4,822,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Janiczek Wealth Management LLC purchased a new stake in Houlihan Lokey in the third quarter worth about $30,000. Pinebridge Investments L.P. purchased a new position in shares of Houlihan Lokey in the second quarter worth $52,000. Anchor Investment Management LLC bought a new position in shares of Houlihan Lokey during the fourth quarter worth $54,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in Houlihan Lokey by 100.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock valued at $65,000 after acquiring an additional 300 shares in the last quarter. Finally, Global Retirement Partners LLC lifted its stake in Houlihan Lokey by 16.9% in the 3rd quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock worth $79,000 after purchasing an additional 109 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 0.0 %

Shares of NYSE:HLI opened at $128.16 on Tuesday. The firm has a fifty day simple moving average of $126.05 and a two-hundred day simple moving average of $115.58. Houlihan Lokey, Inc. has a 52 week low of $83.92 and a 52 week high of $133.80. The stock has a market capitalization of $8.86 billion, a P/E ratio of 31.80 and a beta of 0.68.

Houlihan Lokey (NYSE:HLIGet Free Report) last released its quarterly earnings results on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $511.30 million during the quarter, compared to analyst estimates of $493.02 million. Houlihan Lokey had a return on equity of 18.06% and a net margin of 14.90%. The firm’s revenue was up 12.0% on a year-over-year basis. During the same quarter last year, the business posted $1.14 earnings per share. On average, analysts expect that Houlihan Lokey, Inc. will post 4.36 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Friday, March 1st were given a $0.55 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.72%. Houlihan Lokey’s dividend payout ratio is presently 54.59%.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research analyst reports. UBS Group raised their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a research report on Friday, February 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $127.00 price objective on shares of Houlihan Lokey in a research note on Monday, January 29th.

Check Out Our Latest Report on HLI

Insiders Place Their Bets

In other news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $128.94, for a total value of $128,940.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 25.97% of the stock is owned by insiders.

Houlihan Lokey Company Profile

(Free Report)

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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