Fifth Third Bancorp Acquires 20,362 Shares of Houlihan Lokey, Inc. $HLI

Fifth Third Bancorp increased its position in Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 126.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 36,432 shares of the financial services provider’s stock after buying an additional 20,362 shares during the quarter. Fifth Third Bancorp owned 0.05% of Houlihan Lokey worth $5,232,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently modified their holdings of HLI. Flagship Harbor Advisors LLC purchased a new position in shares of Houlihan Lokey during the fourth quarter valued at about $26,000. Oakworth Capital Inc. purchased a new stake in Houlihan Lokey in the fourth quarter worth about $29,000. Core Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at approximately $32,000. Eurizon Capital SGR S.p.A. purchased a new stake in shares of Houlihan Lokey in the 4th quarter worth about $33,000. Finally, Strategic Wealth Investment Group LLC bought a new position in shares of Houlihan Lokey during the second quarter valued at approximately $39,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Insiders Place Their Bets

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of the stock in a transaction 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 of the company’s stock, valued at $941,378.90. This trade represents a 50.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 22.83% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America started coverage on shares of Houlihan Lokey in a research note on Friday, July 10th. They issued a “buy” rating and a $164.00 price target on the stock. Weiss Ratings downgraded shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. UBS Group raised their target price on shares of Houlihan Lokey from $160.00 to $161.00 and gave the company a “neutral” rating in a report on Wednesday, July 8th. Wolfe Research raised Houlihan Lokey from an “underperform” rating to a “peer perform” rating in a research note on Thursday, July 9th. Finally, The Goldman Sachs Group set a $164.00 target price on shares of Houlihan Lokey in a research note on Friday, July 10th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $180.50.

Get Our Latest Report on Houlihan Lokey

Houlihan Lokey Price Performance

Shares of HLI stock opened at $140.13 on Friday. Houlihan Lokey, Inc. has a 1-year low of $130.72 and a 1-year high of $211.78. The company has a market cap of $9.68 billion, a price-to-earnings ratio of 22.53, a price-to-earnings-growth ratio of 1.22 and a beta of 0.95. The stock’s fifty day moving average price is $141.92 and its 200 day moving average price is $155.04.

Houlihan Lokey (NYSE:HLIGet Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). The company had revenue of $635.64 million for the quarter, compared to analysts’ expectations of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. Houlihan Lokey’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period last year, the firm earned $1.96 earnings per share. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 7.91 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were given a $0.70 dividend. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date was Monday, June 1st. Houlihan Lokey’s dividend payout ratio (DPR) is presently 45.02%.

About Houlihan Lokey

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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