Commerce Bank Has $714,000 Position in Houlihan Lokey, Inc. (NYSE:HLI)

Commerce Bank cut its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,518 shares of the financial services provider’s stock after selling 109 shares during the quarter. Commerce Bank’s holdings in Houlihan Lokey were worth $714,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Lazard Asset Management LLC acquired a new position in shares of Houlihan Lokey in the first quarter valued at approximately $127,000. Price T Rowe Associates Inc. MD boosted its stake in Houlihan Lokey by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 26,709 shares of the financial services provider’s stock worth $3,424,000 after purchasing an additional 1,631 shares during the period. Janus Henderson Group PLC increased its holdings in Houlihan Lokey by 27.1% during the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 6,535 shares in the last quarter. Dynasty Wealth Management LLC bought a new position in Houlihan Lokey during the 1st quarter worth about $495,000. Finally, Tidal Investments LLC lifted its holdings in shares of Houlihan Lokey by 201.5% in the first quarter. Tidal Investments LLC now owns 11,093 shares of the financial services provider’s stock valued at $1,422,000 after purchasing an additional 7,414 shares in the last quarter. 78.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HLI has been the subject of a number of research reports. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Wells Fargo & Company began coverage on shares of Houlihan Lokey in a report on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price objective on the stock. Morgan Stanley increased their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, UBS Group increased their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $157.00.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $152.28, for a total value of $30,456.00. Following the sale, the director now owns 6,801 shares of the company’s stock, valued at approximately $1,035,656.28. This represents a 2.86 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 1,400 shares of company stock worth $219,362. 23.68% of the stock is owned by company insiders.

Houlihan Lokey Trading Up 0.9 %

Shares of HLI opened at $190.49 on Tuesday. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 38.96 and a beta of 0.65. The company’s fifty day simple moving average is $170.99 and its 200 day simple moving average is $152.11. Houlihan Lokey, Inc. has a 1-year low of $104.86 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping the consensus estimate of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The company had revenue of $574.96 million for the quarter, compared to analyst estimates of $537.93 million. During the same period in the previous year, the business earned $1.11 EPS. Houlihan Lokey’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, research analysts forecast that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be given a $0.57 dividend. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.20%. Houlihan Lokey’s payout ratio is 46.63%.

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.