Houlihan Lokey, Inc. (HLI) to Issue Quarterly Dividend of $0.57 on March 15th

Houlihan Lokey, Inc. (NYSE:HLI) declared a quarterly dividend on Tuesday, January 28th, Wall Street Journal reports. Shareholders of record on Monday, March 3rd will be given a dividend of 0.57 per share by the financial services provider on Saturday, March 15th. This represents a $2.28 annualized dividend and a yield of 1.31%. The ex-dividend date is Monday, March 3rd.

Houlihan Lokey has raised its dividend payment by an average of 11.7% annually over the last three years. Houlihan Lokey has a payout ratio of 27.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Houlihan Lokey to earn $7.25 per share next year, which means the company should continue to be able to cover its $2.28 annual dividend with an expected future payout ratio of 31.4%.

Houlihan Lokey Price Performance

NYSE:HLI opened at $173.42 on Friday. The firm has a market capitalization of $12.16 billion, a price-to-earnings ratio of 33.10 and a beta of 0.69. The company’s 50-day moving average is $177.04 and its two-hundred day moving average is $171.14. Houlihan Lokey has a 1-year low of $121.81 and a 1-year high of $192.10.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on HLI shares. UBS Group boosted their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley boosted their price target on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target 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.