Commonwealth of Pennsylvania Public School Empls Retrmt SYS Buys 126 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 1.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,835 shares of the financial services provider’s stock after purchasing an additional 126 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Houlihan Lokey were worth $2,055,000 as of its most recent SEC filing.

A number of other large investors have also recently modified their holdings of HLI. Private Trust Co. NA purchased a new stake in Houlihan Lokey in the fourth quarter worth about $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey in the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. boosted its position in shares of Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after purchasing an additional 198 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 2.6 %

NYSE:HLI opened at $166.89 on Tuesday. The stock has a market cap of $11.71 billion, a price-to-earnings ratio of 31.85 and a beta of 0.72. The company’s 50 day moving average price is $173.15 and its 200-day moving average price is $172.45. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.37%. Houlihan Lokey’s payout ratio is 43.51%.

Wall Street Analyst Weigh In

Several equities analysts have commented on HLI shares. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently 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.