Baird Financial Group Inc. Has $5.81 Million Stock Holdings in Houlihan Lokey, Inc. $HLI

Baird Financial Group Inc. decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 37.3% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 32,263 shares of the financial services provider’s stock after selling 19,206 shares during the quarter. Baird Financial Group Inc.’s holdings in Houlihan Lokey were worth $5,806,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in Houlihan Lokey by 0.8% during the first quarter. Vanguard Group Inc. now owns 5,306,604 shares of the financial services provider’s stock worth $857,017,000 after buying an additional 41,030 shares during the last quarter. Deutsche Bank AG boosted its holdings in shares of Houlihan Lokey by 33.2% in the 1st quarter. Deutsche Bank AG now owns 9,606 shares of the financial services provider’s stock worth $1,551,000 after acquiring an additional 2,394 shares in the last quarter. National Bank of Canada FI bought a new stake in Houlihan Lokey during the 1st quarter worth approximately $321,000. Aigen Investment Management LP increased its holdings in Houlihan Lokey by 22.1% during the 1st quarter. Aigen Investment Management LP now owns 3,643 shares of the financial services provider’s stock valued at $588,000 after purchasing an additional 660 shares in the last quarter. Finally, Nuveen LLC bought a new position in Houlihan Lokey in the 1st quarter valued at $23,478,000. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Up 0.2%

NYSE:HLI opened at $177.49 on Wednesday. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The stock’s fifty day simple moving average is $185.27 and its 200-day simple moving average is $188.47. The firm has a market capitalization of $12.44 billion, a P/E ratio of 28.63 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a return on equity of 24.17% and a net margin of 16.62%.The firm had revenue of $659.45 million for the quarter, compared to analyst estimates of $639.08 million. During the same quarter in the prior year, the firm posted $1.46 earnings per share. The company’s quarterly revenue was up 14.7% on a year-over-year basis. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Monday, December 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research reports. Zacks Research lowered Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 29th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a report on Monday, September 8th. Keefe, Bruyette & Woods dropped their target price on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research note on Monday, October 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 target price on the stock. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Moderate Buy” and a consensus target price of $212.43.

Insiders Place Their Bets

In related news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction that occurred on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 22.83% of the stock is owned by insiders.

Houlihan Lokey Company 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.