The Goldman Sachs Group Has Lowered Expectations for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLI) had its price objective reduced by The Goldman Sachs Group from $210.00 to $184.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective points to a potential upside of 30.37% from the company’s previous close.

A number of other brokerages have also issued reports on HLI. UBS Group cut their price target on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating on the stock in a report on Thursday, March 12th. BMO Capital Markets increased their target price on shares of Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a report on Thursday, January 29th. Weiss Ratings cut Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, March 9th. Keefe, Bruyette & Woods reduced their price target on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a report on Thursday, January 29th. Finally, Morgan Stanley lowered their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research report on Tuesday, January 6th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of “Moderate Buy” and an average price target of $200.86.

Houlihan Lokey Trading Up 0.1%

NYSE HLI opened at $141.13 on Wednesday. The firm has a market cap of $9.85 billion, a PE ratio of 21.68 and a beta of 1.00. Houlihan Lokey has a 1-year low of $134.41 and a 1-year high of $211.78. The stock has a 50-day moving average of $157.83 and a 200-day moving average of $176.53.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.The company’s quarterly revenue was up 13.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.64 EPS. As a group, equities research analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of the business’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the sale, the director directly owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. The trade was a 15.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the transaction, the general counsel directly owned 500 shares of the company’s stock, valued at approximately $71,700. This represents a 50.00% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.83% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of Houlihan Lokey by 11.6% during the fourth quarter. Rockefeller Capital Management L.P. now owns 10,663 shares of the financial services provider’s stock valued at $1,857,000 after buying an additional 1,108 shares during the last quarter. Montanaro Asset Management Ltd lifted its stake in Houlihan Lokey by 9.7% during the 4th quarter. Montanaro Asset Management Ltd now owns 97,650 shares of the financial services provider’s stock valued at $17,010,000 after acquiring an additional 8,650 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Houlihan Lokey during the 4th quarter valued at about $171,000. Sankala Group LLC purchased a new stake in shares of Houlihan Lokey during the 4th quarter valued at about $169,000. Finally, Pacer Advisors Inc. grew its stake in shares of Houlihan Lokey by 11.5% in the fourth quarter. Pacer Advisors Inc. now owns 8,065 shares of the financial services provider’s stock worth $1,405,000 after acquiring an additional 830 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.