Houlihan Lokey, Inc. (NYSE:HLI) Stock Position Reduced by Deutsche Bank AG

Deutsche Bank AG trimmed its position in Houlihan Lokey, Inc. (NYSE:HLI) by 62.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,212 shares of the financial services provider’s stock after selling 11,879 shares during the quarter. Deutsche Bank AG’s holdings in Houlihan Lokey were worth $1,252,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Nicolet Advisory Services LLC grew its position in shares of Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock worth $258,000 after acquiring an additional 70 shares during the last quarter. CIBC Asset Management Inc boosted its stake in Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 77 shares during the period. Mariner LLC grew its position in Houlihan Lokey by 0.7% in the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider’s stock worth $2,122,000 after purchasing an additional 81 shares during the last quarter. Benjamin Edwards Inc. increased its stake in shares of Houlihan Lokey by 5.7% in the fourth quarter. Benjamin Edwards Inc. now owns 1,636 shares of the financial services provider’s stock valued at $284,000 after purchasing an additional 88 shares during the period. Finally, M&T Bank Corp increased its stake in shares of Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 92 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $172.96 on Monday. The business’s fifty day moving average price is $162.28 and its two-hundred day moving average price is $171.82. Houlihan Lokey, Inc. has a fifty-two week low of $127.14 and a fifty-two week high of $192.10. The stock has a market capitalization of $12.13 billion, a price-to-earnings ratio of 33.01 and a beta of 0.82.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. The business had revenue of $666.42 million for the quarter, compared to analyst estimates of $628.25 million. During the same period in the prior year, the company earned $1.27 EPS. Houlihan Lokey’s revenue for the quarter was up 28.0% on a year-over-year basis. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.60 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $2.40 dividend on an annualized basis and a yield of 1.39%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.57. Houlihan Lokey’s dividend payout ratio (DPR) is 41.24%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wall Street Zen upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday. Keefe, Bruyette & Woods lifted their price objective on shares of Houlihan Lokey from $183.00 to $185.00 and gave the stock a “market perform” rating in a research note on Monday, May 12th. Finally, Morgan Stanley cut their target price on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating for the company in a research note on Monday, April 7th. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $185.00.

Insider Transactions at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 8,008 shares of the business’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $178.71, for a total value of $1,431,109.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 23.68% of the company’s stock.

About Houlihan Lokey

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.