Houlihan Lokey (NYSE:HLI) Given New $180.00 Price Target at Wells Fargo & Company

Houlihan Lokey (NYSE:HLIFree Report) had its price target hoisted by Wells Fargo & Company from $178.00 to $180.00 in a research note released on Wednesday,Benzinga reports. The brokerage currently has an underweight rating on the financial services provider’s stock.

Several other research firms have also commented on HLI. Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $171.00 to $200.00 in a report on Monday, December 9th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. Keefe, Bruyette & Woods lowered their target price on shares of Houlihan Lokey from $172.00 to $170.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Finally, UBS Group raised their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $194.40.

Get Our Latest Research Report on Houlihan Lokey

Houlihan Lokey Stock Performance

NYSE:HLI opened at $180.16 on Wednesday. Houlihan Lokey has a one year low of $119.28 and a one year high of $192.10. The firm has a market cap of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69. The firm’s fifty day moving average is $179.10 and its two-hundred day moving average is $166.69.

Houlihan Lokey (NYSE:HLIGet Free Report) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. As a group, equities research analysts predict that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 46.63%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HLI. Financial Life Planners acquired a new stake in Houlihan Lokey in the 4th quarter valued at about $33,000. Wolff Wiese Magana LLC acquired a new stake in Houlihan Lokey in the 3rd quarter valued at about $38,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the 4th quarter valued at about $53,000. First Horizon Advisors Inc. raised its holdings in Houlihan Lokey by 81.5% in the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock valued at $70,000 after acquiring an additional 198 shares during the last quarter. Finally, Quarry LP acquired a new stake in Houlihan Lokey in the 3rd quarter valued at about $76,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Houlihan Lokey Company Profile

(Get Free Report)

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.

Featured Articles

Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

Receive News & Ratings for Houlihan Lokey Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Houlihan Lokey and related companies with MarketBeat.com's FREE daily email newsletter.