Retirement Systems of Alabama Purchases 628 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Retirement Systems of Alabama lifted its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 65,156 shares of the financial services provider’s stock after buying an additional 628 shares during the period. Retirement Systems of Alabama’s holdings in Houlihan Lokey were worth $11,315,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HLI. Financial Life Planners purchased a new position in Houlihan Lokey in the 4th quarter worth approximately $33,000. Wolff Wiese Magana LLC bought a new stake in shares of Houlihan Lokey in the 3rd quarter worth $38,000. First Horizon Advisors Inc. raised its stake in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the last quarter. Quarry LP bought a new position in shares of Houlihan Lokey during the third quarter valued at $76,000. Finally, Quest Partners LLC purchased a new stake in shares of Houlihan Lokey during the third quarter valued at $92,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on HLI shares. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Trading Down 1.3 %

Shares of HLI stock opened at $185.04 on Friday. Houlihan Lokey, Inc. has a 12 month low of $121.81 and a 12 month high of $192.10. The stock has a market cap of $12.86 billion, a P/E ratio of 35.31 and a beta of 0.69. The company has a 50 day simple moving average of $178.22 and a two-hundred day simple moving average of $168.33.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.91 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.23%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

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.