Houlihan Lokey (NYSE:HLI) Price Target Increased to $157.00 by Analysts at UBS Group

Houlihan Lokey (NYSE:HLIFree Report) had its price target upped by UBS Group from $145.00 to $157.00 in a research report report published on Tuesday, Benzinga reports. They currently have a buy rating on the financial services provider’s stock.

Separately, JMP Securities reiterated a market perform rating on shares of Houlihan Lokey in a research note on Tuesday, April 9th.

Read Our Latest Analysis on HLI

Houlihan Lokey Stock Performance

HLI opened at $134.98 on Tuesday. Houlihan Lokey has a fifty-two week low of $94.18 and a fifty-two week high of $137.92. The firm’s fifty day moving average is $133.16 and its 200 day moving average is $127.51. The stock has a market cap of $9.26 billion, a price-to-earnings ratio of 32.84 and a beta of 0.67.

Houlihan Lokey (NYSE:HLIGet Free Report) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.20 by $0.07. The business had revenue of $520.46 million for the quarter, compared to analysts’ expectations of $508.99 million. Houlihan Lokey had a net margin of 14.64% and a return on equity of 18.08%. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.11 EPS. On average, equities research analysts predict that Houlihan Lokey will post 5.63 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Saturday, June 15th. Stockholders of record on Monday, June 3rd were issued a $0.57 dividend. The ex-dividend date of this dividend was Monday, June 3rd. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.55. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.69%. Houlihan Lokey’s payout ratio is 55.47%.

Insider Transactions at Houlihan Lokey

In other news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Irwin Gold sold 9,902 shares of the company’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider David A. Preiser sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The shares were sold at an average price of $133.21, for a total transaction of $2,664,200.00. The disclosure for this sale can be found here. Insiders own 25.97% of the company’s stock.

Hedge Funds Weigh In On Houlihan Lokey

Several hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in Houlihan Lokey by 56.1% in the 3rd quarter. Wellington Management Group LLP now owns 2,723,687 shares of the financial services provider’s stock valued at $291,761,000 after buying an additional 978,776 shares during the period. Norges Bank purchased a new stake in Houlihan Lokey in the 4th quarter valued at about $70,225,000. Capital International Investors boosted its position in Houlihan Lokey by 56.7% in the 4th quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock valued at $94,977,000 after buying an additional 286,746 shares during the period. Sei Investments Co. boosted its position in Houlihan Lokey by 39.1% in the 4th quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock valued at $83,128,000 after buying an additional 194,867 shares during the period. Finally, Principal Financial Group Inc. boosted its position in Houlihan Lokey by 819.2% in the 4th quarter. Principal Financial Group Inc. now owns 216,186 shares of the financial services provider’s stock valued at $25,923,000 after buying an additional 192,668 shares during the period. 78.07% of the stock is currently owned by institutional investors.

About Houlihan Lokey

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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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