Natixis Advisors LLC Sells 8,334 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Natixis Advisors LLC trimmed its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 391,054 shares of the financial services provider’s stock after selling 8,334 shares during the quarter. Natixis Advisors LLC owned approximately 0.56% of Houlihan Lokey worth $67,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Janney Montgomery Scott LLC grew its holdings in Houlihan Lokey by 110.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider’s stock worth $783,000 after acquiring an additional 2,606 shares during the last quarter. Crossmark Global Holdings Inc. lifted its holdings in Houlihan Lokey by 25.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider’s stock worth $741,000 after buying an additional 944 shares during the period. Entropy Technologies LP boosted its holdings in Houlihan Lokey by 94.7% in the third quarter. Entropy Technologies LP now owns 3,100 shares of the financial services provider’s stock valued at $490,000 after acquiring an additional 1,508 shares in the last quarter. Victory Capital Management Inc. increased its position in Houlihan Lokey by 59.3% during the 3rd quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 26,522 shares during the period. Finally, Oppenheimer Asset Management Inc. raised its holdings in Houlihan Lokey by 2.4% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 29,213 shares of the financial services provider’s stock worth $4,616,000 after purchasing an additional 690 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.9 %

HLI opened at $159.02 on Friday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 30.35 and a beta of 0.72. The company’s 50 day moving average is $174.04 and its 200 day moving average is $171.93.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Analyst Ratings Changes

A number of research analysts have weighed in on HLI shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their target price for the stock from $201.00 to $190.00 in a report on Thursday. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, UBS Group boosted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and a consensus target price of $192.00.

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.