Houlihan Lokey (NYSE:HLI) Price Target Lowered to $228.00 at Keefe, Bruyette & Woods

Houlihan Lokey (NYSE:HLI) had its price target reduced by Keefe, Bruyette & Woods from $230.00 to $228.00 in a research report sent to investors on Wednesday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the financial services provider’s stock.

Several other research analysts have also recently issued reports on HLI. Deutsche Bank Aktiengesellschaft started coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 price target for the company. UBS Group started coverage on Houlihan Lokey in a research note on Thursday, December 11th. They set a “neutral” rating and a $193.00 target price for the company. BMO Capital Markets initiated coverage on Houlihan Lokey in a report on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Houlihan Lokey in a report on Monday. Finally, Morgan Stanley increased their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Houlihan Lokey has a consensus rating of “Moderate Buy” and a consensus target price of $207.43.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $174.88 on Wednesday. The stock has a fifty day moving average price of $182.92 and a 200 day moving average price of $188.51. Houlihan Lokey has a 1-year low of $137.99 and a 1-year high of $211.78. The company has a market cap of $12.25 billion, a PE ratio of 28.21 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. The company had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. During the same period in the previous year, the company posted $1.46 EPS. Houlihan Lokey’s revenue was up 14.7% compared to the same quarter last year. Analysts anticipate that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Shareholders of record on Monday, December 1st were given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s payout ratio is presently 38.71%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HLI. Westside Investment Management Inc. boosted its position in shares of Houlihan Lokey by 64.4% in the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Root Financial Partners LLC acquired a new position in Houlihan Lokey during the third quarter worth about $31,000. Brooklyn Investment Group acquired a new position in Houlihan Lokey during the first quarter worth about $33,000. Trust Co. of Toledo NA OH purchased a new stake in shares of Houlihan Lokey in the second quarter valued at about $34,000. Finally, Strategic Wealth Investment Group LLC acquired a new stake in shares of Houlihan Lokey in the second quarter valued at approximately $39,000. Institutional investors and hedge funds own 78.07% 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.