Swiss National Bank Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Swiss National Bank boosted its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 104,936 shares of the financial services provider’s stock after buying an additional 2,400 shares during the quarter. Swiss National Bank’s holdings in Houlihan Lokey were worth $18,223,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of HLI. Victory Capital Management Inc. lifted its position in Houlihan Lokey by 59.3% during the third quarter. Victory Capital Management Inc. now owns 71,269 shares of the financial services provider’s stock valued at $11,262,000 after purchasing an additional 26,522 shares in the last quarter. Empowered Funds LLC lifted its position in Houlihan Lokey by 24.8% during the third quarter. Empowered Funds LLC now owns 14,409 shares of the financial services provider’s stock valued at $2,277,000 after purchasing an additional 2,864 shares in the last quarter. Quest Partners LLC purchased a new position in Houlihan Lokey during the third quarter valued at $92,000. OneAscent Wealth Management LLC purchased a new position in Houlihan Lokey during the third quarter valued at $330,000. Finally, Pathstone Holdings LLC lifted its position in Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 115 shares in the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Up 0.5 %

Shares of HLI stock opened at $162.10 on Wednesday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The stock’s 50-day moving average price is $173.64 and its 200-day moving average price is $172.14. The stock has a market capitalization of $11.37 billion, a price-to-earnings ratio of 30.93 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last issued its earnings results 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 20.04% and a net margin of 16.00%. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were issued a $0.57 dividend. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.41%. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group raised their price target on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Finally, Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $192.00.

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.