Houlihan Lokey (NYSE:HLI – Free Report) had its price target reduced by BMO Capital Markets from $160.00 to $145.00 in a research note published on Monday, Marketbeat reports. They currently have an outperform rating on the financial services provider’s stock.
Several other research firms have also recently weighed in on HLI. UBS Group decreased their price objective on shares of Houlihan Lokey from $161.00 to $147.00 and set a “neutral” rating for the company in a research report on Thursday, July 30th. The Goldman Sachs Group dropped their target price on shares of Houlihan Lokey from $171.00 to $148.00 and set a “buy” rating on the stock in a report on Thursday, July 30th. Morgan Stanley cut their price target on shares of Houlihan Lokey from $187.00 to $177.00 and set an “overweight” rating on the stock in a research report on Thursday, July 30th. US Capital Advisors set a $187.00 price target on Houlihan Lokey in a report on Thursday, July 9th. Finally, Zacks Research raised Houlihan Lokey from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 11th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $166.38.
Check Out Our Latest Report on HLI
Houlihan Lokey Price Performance
Houlihan Lokey (NYSE:HLI – Get Free Report) last released its quarterly earnings results on Wednesday, July 29th. The financial services provider reported $1.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.64 by ($0.29). The firm had revenue of $511.00 million for the quarter, compared to the consensus estimate of $602.38 million. Houlihan Lokey had a return on equity of 20.20% and a net margin of 16.10%.The firm’s revenue for the quarter was down 15.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.14 EPS. As a group, research analysts expect that Houlihan Lokey will post 7.13 earnings per share for the current year.
Houlihan Lokey Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.70 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $2.80 annualized dividend and a dividend yield of 2.2%. Houlihan Lokey’s dividend payout ratio (DPR) is 47.06%.
Insider Buying and Selling at Houlihan Lokey
In related news, Chairman Scott L. Beiser sold 6,265 shares of the business’s 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 owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 22.53% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Houlihan Lokey
A number of large investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in shares of Houlihan Lokey by 2.8% during the first quarter. Royal Bank of Canada now owns 1,751,495 shares of the financial services provider’s stock valued at $251,551,000 after purchasing an additional 48,126 shares during the period. Geode Capital Management LLC grew its stake in shares of Houlihan Lokey by 6.4% in the 4th quarter. Geode Capital Management LLC now owns 1,418,549 shares of the financial services provider’s stock valued at $247,133,000 after buying an additional 84,757 shares during the period. Bank of Montreal Can increased its position 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 buying an additional 1,156,973 shares in the last quarter. Bank of America Corp DE increased its position in Houlihan Lokey by 4.1% in the 2nd quarter. Bank of America Corp DE now owns 1,041,990 shares of the financial services provider’s stock valued at $187,506,000 after buying an additional 41,470 shares in the last quarter. Finally, Capital Research Global Investors increased its position in Houlihan Lokey by 0.6% in the 4th quarter. Capital Research Global Investors now owns 962,263 shares of the financial services provider’s stock valued at $167,617,000 after buying an additional 5,822 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.
Houlihan Lokey Company 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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