JPMorgan Chase & Co. Cuts Houlihan Lokey (NYSE:HLI) Price Target to $169.00

Houlihan Lokey (NYSE:HLI) had its price target decreased by JPMorgan Chase & Co. from $172.00 to $169.00 in a report issued on Wednesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the financial services provider’s stock.

A number of other analysts have also recently commented on the company. Keefe, Bruyette & Woods cut their target price on Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research report on Monday, January 13th. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. UBS Group lifted their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Wells Fargo & Company decreased their price target on shares of Houlihan Lokey from $180.00 to $178.00 and set an “underweight” rating for the company in a research note on Tuesday, January 14th. Finally, Morgan Stanley downgraded shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their target price for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Performance

HLI opened at $180.16 on Wednesday. The business’s 50-day simple moving average is $179.10 and its 200-day simple moving average is $166.69. The company has a market cap of $12.52 billion, a P/E ratio of 36.84 and a beta of 0.69. Houlihan Lokey has a one year low of $119.28 and a one year high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data 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 net margin of 15.77% and a return on equity of 19.29%. As a group, analysts predict that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. Houlihan Lokey’s payout ratio is currently 46.63%.

Institutional Trading of Houlihan Lokey

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Financial Life Planners acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $33,000. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey in the third quarter valued at approximately $38,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the fourth quarter worth $53,000. First Horizon Advisors Inc. grew its holdings in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares during the period. Finally, Quarry LP purchased a new position in Houlihan Lokey in the third quarter worth $76,000. Hedge funds and other institutional investors 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.