Houlihan Lokey, Inc. $HLI Shares Purchased by Deutsche Bank AG

Deutsche Bank AG increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 33.2% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 9,606 shares of the financial services provider’s stock after acquiring an additional 2,394 shares during the period. Deutsche Bank AG’s holdings in Houlihan Lokey were worth $1,551,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of HLI. Guggenheim Capital LLC acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $594,000. MML Investors Services LLC grew its position in shares of Houlihan Lokey by 6.9% during the 4th quarter. MML Investors Services LLC now owns 21,217 shares of the financial services provider’s stock valued at $3,685,000 after acquiring an additional 1,372 shares during the period. Stifel Financial Corp grew its position in shares of Houlihan Lokey by 4.9% during the 4th quarter. Stifel Financial Corp now owns 94,173 shares of the financial services provider’s stock valued at $16,355,000 after acquiring an additional 4,385 shares during the period. Hsbc Holdings PLC grew its position in shares of Houlihan Lokey by 394.8% during the 4th quarter. Hsbc Holdings PLC now owns 29,721 shares of the financial services provider’s stock valued at $5,169,000 after acquiring an additional 23,714 shares during the period. Finally, Dark Forest Capital Management LP acquired a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $326,000. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on HLI shares. Keefe, Bruyette & Woods upgraded Houlihan Lokey from a “hold” rating to a “moderate buy” rating and raised their target price for the company from $185.00 to $232.00 in a research report on Monday, July 14th. Wells Fargo & Company raised their price target on shares of Houlihan Lokey from $185.00 to $209.00 and gave the company an “overweight” rating in a research note on Friday, July 11th. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and issued a $192.00 price target (up from $159.00) on shares of Houlihan Lokey in a research note on Monday, June 23rd. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $206.40.

Houlihan Lokey Price Performance

HLI opened at $197.3520 on Friday. The company’s 50 day simple moving average is $188.34 and its two-hundred day simple moving average is $174.19. Houlihan Lokey, Inc. has a 1-year low of $137.99 and a 1-year high of $198.78. The firm has a market capitalization of $13.88 billion, a price-to-earnings ratio of 33.22 and a beta of 0.86.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, July 29th. The financial services provider reported $2.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.69 by $0.45. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business had revenue of $605.35 million for the quarter, compared to analyst estimates of $573.07 million. During the same period last year, the company posted $1.22 EPS. The business’s revenue was up 17.8% on a year-over-year basis. On average, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Tuesday, September 2nd will be paid a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, September 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is 40.40%.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction that occurred on Monday, June 2nd. The shares were sold at an average price of $173.02, for a total value of $86,510.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman Irwin Gold sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 30th. The stock was sold at an average price of $182.81, for a total transaction of $914,050.00. The disclosure for this sale can be found here. Company insiders own 22.83% of the company’s stock.

Houlihan Lokey Profile

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.