Rheos Capital Works Inc. Has $12.75 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Rheos Capital Works Inc. increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 73,400 shares of the financial services provider’s stock after purchasing an additional 10,000 shares during the period. Rheos Capital Works Inc. owned approximately 0.11% of Houlihan Lokey worth $12,747,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Financial Life Planners acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth approximately $33,000. Wolff Wiese Magana LLC acquired a new stake in Houlihan Lokey in the third quarter worth $38,000. First Horizon Advisors Inc. increased its stake in Houlihan Lokey by 81.5% in 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. Quarry LP acquired a new position in shares of Houlihan Lokey during the third quarter valued at about $76,000. Finally, Quest Partners LLC acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at about $92,000. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Up 1.0 %

Shares of HLI stock opened at $181.92 on Monday. The firm has a market cap of $12.64 billion, a P/E ratio of 34.72 and a beta of 0.69. The company has a 50 day moving average of $178.78 and a 200-day moving average of $167.31. Houlihan Lokey, Inc. has a 12-month low of $119.28 and a 12-month high of $192.10.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating 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, equities analysts expect that Houlihan Lokey, Inc. will post 5.91 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.25%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HLI shares. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group lifted their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Wells Fargo & Company boosted their price target on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $194.40.

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.