Jennison Associates LLC Boosts Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Jennison Associates LLC boosted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 341.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 307,304 shares of the financial services provider’s stock after purchasing an additional 237,615 shares during the period. Jennison Associates LLC owned approximately 0.44% of Houlihan Lokey worth $53,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of the business. Barclays PLC grew its position in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after acquiring an additional 6,483 shares during the last quarter. Natixis Advisors LLC boosted its stake in shares of Houlihan Lokey by 2.5% during the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares during the period. State Street Corp grew its holdings in shares of Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares during the last quarter. Gunderson Capital Management Inc. purchased a new position in Houlihan Lokey in the 4th quarter worth about $5,133,000. Finally, Assetmark Inc. lifted its holdings in Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 9,433 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Down 0.6 %

HLI opened at $180.68 on Tuesday. The firm has a market cap of $12.56 billion, a price-to-earnings ratio of 34.48 and a beta of 0.69. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10. The stock has a fifty day moving average price of $178.59 and a 200-day moving average price of $167.55.

Houlihan Lokey (NYSE:HLI) last released 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 16.00% and a return on equity of 20.04%. On average, equities research analysts forecast that Houlihan Lokey, Inc. will post 5.91 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.26%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analysts Set New Price Targets

A number of equities analysts have commented on HLI shares. JPMorgan Chase & Co. dropped 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, January 29th. Morgan Stanley increased their price objective on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday, January 28th. Finally, UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey 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.