Morgan Stanley Increases Houlihan Lokey (NYSE:HLI) Price Target to $201.00

Houlihan Lokey (NYSE:HLI) had its price target raised by Morgan Stanley from $200.00 to $201.00 in a research report released on Wednesday,Benzinga reports. They currently have an underweight rating on the financial services provider’s stock.

Other analysts also recently issued research reports about the stock. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday. JPMorgan Chase & Co. decreased their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday. Wells Fargo & Company raised their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday. UBS Group boosted their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Two 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, the stock has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey Trading Up 1.0 %

Shares of HLI stock opened at $181.92 on Wednesday. Houlihan Lokey has a 12-month low of $119.28 and a 12-month high of $192.10. The company has a market cap of $12.64 billion, a price-to-earnings ratio of 34.72 and a beta of 0.69. The stock has a 50 day simple moving average of $178.78 and a 200-day simple moving average of $167.04.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.59% and a net margin of 16.00%. On average, equities analysts forecast that Houlihan Lokey will post 5.84 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. Shareholders of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.25%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

Institutional Trading of Houlihan Lokey

Several institutional investors and hedge funds have recently made changes to their positions in HLI. Strategic Wealth Investment Group LLC increased its position in Houlihan Lokey by 0.8% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 62 shares in the last quarter. CIBC Asset Management Inc grew its holdings in shares of Houlihan Lokey by 5.0% during the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after buying an additional 77 shares in the last quarter. Atria Wealth Solutions Inc. raised its position in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after buying an additional 95 shares during the last quarter. UMB Bank n.a. lifted its stake in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock valued at $135,000 after buying an additional 96 shares during the period. Finally, New York State Teachers Retirement System boosted its position in Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after acquiring an additional 100 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

About Houlihan Lokey

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.