Strategy Asset Managers LLC Invests $227,000 in Houlihan Lokey, Inc. (NYSE:HLI)

Strategy Asset Managers LLC bought a new stake in Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 1,305 shares of the financial services provider’s stock, valued at approximately $227,000.

Other institutional investors have also recently bought and sold shares of the company. CIBC Asset Management Inc increased its stake in shares of Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 77 shares during the last quarter. M&T Bank Corp increased its position in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock worth $655,000 after buying an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. increased its position in Houlihan Lokey by 6.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after buying an additional 95 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of Houlihan Lokey by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after buying an additional 100 shares during the last quarter. Finally, Mather Group LLC. lifted its position in shares of Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 116 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their target price for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $192.00.

Houlihan Lokey Trading Down 1.8 %

Shares of HLI opened at $157.98 on Friday. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The firm’s 50 day moving average is $172.13 and its 200-day moving average is $172.63. The stock has a market capitalization of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data 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%. Equities research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given 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 yield of 1.44%. Houlihan Lokey’s dividend payout ratio is 43.51%.

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.