Houlihan Lokey, Inc. (NYSE:HLI) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,845 shares of the financial services provider’s stock after buying an additional 1,869 shares during the quarter. MML Investors Services LLC’s holdings in Houlihan Lokey were worth $3,136,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLI. Blue Trust Inc. raised its position in shares of Houlihan Lokey by 36.0% during the 2nd quarter. Blue Trust Inc. now owns 3,723 shares of the financial services provider’s stock worth $477,000 after purchasing an additional 986 shares during the period. Raymond James & Associates raised its position in shares of Houlihan Lokey by 8.8% during the 2nd quarter. Raymond James & Associates now owns 156,012 shares of the financial services provider’s stock worth $21,040,000 after purchasing an additional 12,588 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Houlihan Lokey by 27.7% during the 2nd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 162 shares during the period. Fifth Third Bancorp raised its position in shares of Houlihan Lokey by 1.3% during the 2nd quarter. Fifth Third Bancorp now owns 41,566 shares of the financial services provider’s stock worth $5,606,000 after purchasing an additional 545 shares during the period. Finally, Fifth Third Wealth Advisors LLC acquired a new stake in Houlihan Lokey in the 2nd quarter valued at approximately $206,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the topic of several analyst reports. UBS Group raised their target price on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $171.00 to $200.00 in a research report on Monday, December 9th. Finally, Wells Fargo & Company increased their price target on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $170.60.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $177.53 on Friday. The firm has a market cap of $12.34 billion, a P/E ratio of 36.30 and a beta of 0.67. The stock has a fifty day moving average price of $177.92 and a two-hundred day moving average price of $156.76. Houlihan Lokey, Inc. has a 1 year low of $112.17 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. The business had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company’s revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $1.11 EPS. On average, research analysts predict that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Insider Transactions at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the firm’s stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the sale, the director now owns 6,601 shares of the company’s stock, valued at $1,109,496.08. This trade represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 23.68% of the company’s stock.

Houlihan Lokey Company Profile

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.