Prudential PLC purchased a new position in Houlihan Lokey, Inc. (NYSE:HLI – Free Report) in the fourth quarter, Holdings Channel.com reports. The firm purchased 6,226 shares of the financial services provider’s stock, valued at approximately $1,085,000.
A number of other institutional investors have also bought and sold shares of HLI. Norges Bank purchased a new stake in Houlihan Lokey in the 4th quarter worth $115,478,000. Qube Research & Technologies Ltd increased its stake in Houlihan Lokey by 153.8% in the 2nd quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider’s stock worth $49,376,000 after buying an additional 166,285 shares in the last quarter. Capital Research Global Investors increased its stake in Houlihan Lokey by 19.7% in the 3rd quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider’s stock worth $196,376,000 after buying an additional 157,605 shares in the last quarter. Caisse de depot et placement du Quebec increased its stake in Houlihan Lokey by 411.1% in the 3rd quarter. Caisse de depot et placement du Quebec now owns 170,617 shares of the financial services provider’s stock worth $35,031,000 after buying an additional 137,237 shares in the last quarter. Finally, Millennium Management LLC purchased a new stake in Houlihan Lokey in the 1st quarter worth $18,964,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Weiss Ratings lowered Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a research report on Thursday, May 7th. Morgan Stanley cut their price objective on Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a research report on Thursday, April 9th. Zacks Research lowered Houlihan Lokey from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 13th. Finally, UBS Group set a $160.00 price objective on Houlihan Lokey in a research report on Thursday, May 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Houlihan Lokey presently has an average rating of “Hold” and a consensus price target of $191.29.
Houlihan Lokey Trading Up 0.1%
Shares of NYSE:HLI opened at $139.38 on Monday. Houlihan Lokey, Inc. has a 12 month low of $134.41 and a 12 month high of $211.78. The company has a 50-day moving average price of $149.75 and a 200 day moving average price of $162.88. The company has a market cap of $9.63 billion, a price-to-earnings ratio of 22.41, a PEG ratio of 1.08 and a beta of 0.95.
Houlihan Lokey (NYSE:HLI – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.79 by ($0.16). The firm had revenue of $635.64 million during the quarter, compared to the consensus estimate of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.96 EPS. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 8.54 EPS for the current year.
Houlihan Lokey Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Investors of record on Monday, June 1st will be issued a dividend of $0.70 per share. The ex-dividend date of this dividend is Monday, June 1st. This is a positive change from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 annualized dividend and a yield of 2.0%. Houlihan Lokey’s dividend payout ratio is 45.02%.
Insider Activity at Houlihan Lokey
In related news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total transaction of $71,700.00. Following the transaction, the general counsel directly owned 500 shares of the company’s stock, valued at $71,700. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the transaction, the chairman directly owned 6,265 shares in the company, valued at approximately $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 22.83% of the company’s stock.
Houlihan Lokey Profile
Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.
The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.
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