Schroder Investment Management Group Has $20.07 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Schroder Investment Management Group reduced its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The fund owned 115,535 shares of the financial services provider’s stock after selling 2,309 shares during the quarter. Schroder Investment Management Group’s holdings in Houlihan Lokey were worth $20,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLI. CIBC Asset Management Inc lifted its position in shares of Houlihan Lokey by 5.0% during the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 77 shares in the last quarter. M&T Bank Corp raised its position in Houlihan Lokey by 2.5% in the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock worth $655,000 after purchasing an additional 92 shares during the last quarter. Atria Wealth Solutions Inc. lifted its holdings in Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after buying an additional 95 shares in the last quarter. State of Michigan Retirement System boosted its position in Houlihan Lokey by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after buying an additional 100 shares during the last quarter. Finally, Mather Group LLC. increased its stake in shares of Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock valued at $101,000 after buying an additional 116 shares during the period. 78.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on HLI shares. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $166.11 on Thursday. The firm’s 50 day simple moving average is $170.91 and its 200 day simple moving average is $172.87. Houlihan Lokey, Inc. has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The company has a market capitalization of $11.65 billion, a price-to-earnings ratio of 31.70 and a beta of 0.83.

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, 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%. Equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.37%. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

About Houlihan Lokey

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.