Fiera Capital Corp Lowers Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Fiera Capital Corp reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 277,467 shares of the financial services provider’s stock after selling 6,235 shares during the quarter. Fiera Capital Corp’s holdings in Houlihan Lokey were worth $48,185,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLI. Financial Life Planners bought a new position in Houlihan Lokey in the 4th quarter valued at $33,000. Wolff Wiese Magana LLC purchased a new stake in shares of Houlihan Lokey in the third quarter worth $38,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey during the fourth quarter valued at $53,000. First Horizon Advisors Inc. grew its position in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares in the last quarter. Finally, Quarry LP bought a new position in Houlihan Lokey in the 3rd quarter worth about $76,000. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

HLI stock opened at $177.69 on Thursday. The company has a market capitalization of $12.35 billion, a PE ratio of 33.91 and a beta of 0.69. Houlihan Lokey, Inc. has a one year low of $121.81 and a one year high of $192.10. The company’s 50 day moving average price is $177.82 and its two-hundred day moving average price is $169.18.

Houlihan Lokey (NYSE:HLI) last released its 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, research analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

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 issued a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.28%. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Upgrades and Downgrades

HLI has been the subject of a number of research analyst reports. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reiterated 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. Morgan Stanley increased their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday. Finally, UBS Group upped their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $194.40.

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.