Keefe, Bruyette & Woods Issues Pessimistic Forecast for Houlihan Lokey (NYSE:HLI) Stock Price

Houlihan Lokey (NYSE:HLIGet Free Report) had its price objective cut by equities researchers at Keefe, Bruyette & Woods from $172.00 to $160.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has an “outperform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price objective suggests a potential upside of 17.08% from the stock’s previous close.

Other analysts also recently issued research reports about 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. The Goldman Sachs Group cut their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. US Capital Advisors set a $187.00 price objective on shares of Houlihan Lokey in a research report on Thursday. Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a report on Thursday, June 11th. Finally, UBS Group boosted their target price on Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, Houlihan Lokey has an average rating of “Moderate Buy” and a consensus target price of $188.62.

View Our Latest Stock Report on HLI

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $136.66 on Friday. The stock has a fifty day moving average price of $143.59 and a 200 day moving average price of $156.55. Houlihan Lokey has a 1-year low of $131.30 and a 1-year high of $211.78. The company has a market cap of $9.44 billion, a PE ratio of 21.97, a P/E/G ratio of 1.04 and a beta of 0.95.

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 (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 analyst estimates of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.96 earnings per share. Analysts anticipate that Houlihan Lokey will post 8.54 earnings per share for the current fiscal year.

Insider Activity

In related news, Chairman Scott L. Beiser sold 6,265 shares of the firm’s stock in a transaction dated Thursday, May 21st. The shares were sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the sale, the chairman owned 6,265 shares in the company, valued at $941,378.90. This trade represents a 50.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 22.83% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Houlihan Lokey by 362.1% during the 4th quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock valued at $296,706,000 after acquiring an additional 1,334,769 shares during the period. Bank of Montreal Can increased its stake in Houlihan Lokey by 2,723.2% in the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock valued at $208,934,000 after purchasing an additional 1,156,973 shares in the last quarter. Norges Bank purchased a new position in Houlihan Lokey in the 4th quarter valued at approximately $115,478,000. Vaughan Nelson Investment Management L.P. acquired a new position in Houlihan Lokey during the first quarter worth $35,728,000. Finally, Qube Research & Technologies Ltd raised its holdings in Houlihan Lokey by 153.8% during the second quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider’s stock worth $49,376,000 after purchasing an additional 166,285 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Company Profile

(Get 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

Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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