PNC Financial Services Group Inc. Has $2.24 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

PNC Financial Services Group Inc. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 7.5% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 12,899 shares of the financial services provider’s stock after selling 1,046 shares during the period. PNC Financial Services Group Inc.’s holdings in Houlihan Lokey were worth $2,240,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of HLI. Janney Montgomery Scott LLC lifted its position in shares of Houlihan Lokey by 110.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 4,955 shares of the financial services provider’s stock worth $783,000 after purchasing an additional 2,606 shares during the period. Assetmark Inc. lifted its position in shares of Houlihan Lokey by 2,482.4% in the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 9,433 shares during the period. Axxcess Wealth Management LLC acquired a new position in shares of Houlihan Lokey in the 3rd quarter worth approximately $254,000. Crossmark Global Holdings Inc. lifted its position in shares of Houlihan Lokey by 25.2% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 4,688 shares of the financial services provider’s stock worth $741,000 after purchasing an additional 944 shares during the period. Finally, Entropy Technologies LP lifted its position in shares of Houlihan Lokey by 94.7% in the 3rd quarter. Entropy Technologies LP now owns 3,100 shares of the financial services provider’s stock worth $490,000 after purchasing an additional 1,508 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.9 %

HLI opened at $159.02 on Friday. The company’s fifty day moving average price is $174.29 and its two-hundred day moving average price is $171.77. Houlihan Lokey, Inc. has a 1-year low of $121.81 and a 1-year high of $192.10. The company has a market cap of $11.15 billion, a price-to-earnings ratio of 30.35 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, topping 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%. As a group, equities analysts forecast that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.43%. Houlihan Lokey’s payout ratio is 43.51%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on HLI. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their price target for the stock from $201.00 to $190.00 in a research report on Thursday. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Wells Fargo & Company upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $180.00 to $179.00 in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $192.00.

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.