Houlihan Lokey, Inc. $HLI Stock Holdings Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp cut its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 420,646 shares of the financial services provider’s stock after selling 3,607 shares during the period. Bank of New York Mellon Corp owned approximately 0.60% of Houlihan Lokey worth $60,413,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. State of Michigan Retirement System lifted its holdings in shares of Houlihan Lokey by 1.6% during the first quarter. State of Michigan Retirement System now owns 13,100 shares of the financial services provider’s stock valued at $1,881,000 after purchasing an additional 200 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Houlihan Lokey by 4.0% during the 1st quarter. Principal Financial Group Inc. now owns 121,733 shares of the financial services provider’s stock worth $17,483,000 after buying an additional 4,637 shares during the period. Diversify Wealth Management LLC raised its holdings in Houlihan Lokey by 42.4% during the 1st quarter. Diversify Wealth Management LLC now owns 1,847 shares of the financial services provider’s stock worth $288,000 after buying an additional 550 shares during the period. Fifth Third Bancorp lifted its stake in Houlihan Lokey by 126.7% during the first quarter. Fifth Third Bancorp now owns 36,432 shares of the financial services provider’s stock valued at $5,232,000 after buying an additional 20,362 shares in the last quarter. Finally, Walled Lake Planning & Wealth Management LLC lifted its stake in Houlihan Lokey by 1.5% during the first quarter. Walled Lake Planning & Wealth Management LLC now owns 28,407 shares of the financial services provider’s stock valued at $4,080,000 after buying an additional 407 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on HLI. Zacks Research raised shares of Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. US Capital Advisors set a $187.00 price objective on shares of Houlihan Lokey in a research note on Thursday, July 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of Houlihan Lokey in a research report on Friday, July 17th. UBS Group boosted their target price on shares of Houlihan Lokey from $160.00 to $161.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, The Goldman Sachs Group set a $164.00 target price on Houlihan Lokey in a report on Friday, July 10th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $180.50.

Insider Buying and Selling at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 6,265 shares of the firm’s stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the transaction, the chairman owned 6,265 shares of the company’s stock, valued at approximately $941,378.90. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 22.83% of the stock is owned by company insiders.

Houlihan Lokey Stock Down 0.6%

Shares of NYSE:HLI opened at $139.10 on Thursday. The firm has a fifty day moving average of $141.32 and a two-hundred day moving average of $154.14. Houlihan Lokey, Inc. has a 12-month low of $130.72 and a 12-month high of $211.78. The firm has a market capitalization of $9.61 billion, a P/E ratio of 22.36, a price-to-earnings-growth ratio of 1.19 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The company had revenue of $635.64 million during the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The company’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $1.96 earnings per share. Equities research analysts expect that Houlihan Lokey, Inc. will post 7.91 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a dividend of $0.70 per share. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. Houlihan Lokey’s dividend payout ratio (DPR) is 45.02%.

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.