Capital International Investors Raises Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Capital International Investors grew its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 0.0% in the fourth quarter, Holdings Channel reports. The fund owned 793,292 shares of the financial services provider’s stock after purchasing an additional 301 shares during the period. Capital International Investors’ holdings in Houlihan Lokey were worth $137,763,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Nicolet Advisory Services LLC increased its position in Houlihan Lokey by 4.8% during the fourth quarter. Nicolet Advisory Services LLC now owns 1,532 shares of the financial services provider’s stock worth $258,000 after purchasing an additional 70 shares during the last quarter. CIBC Asset Management Inc grew its stake in shares of Houlihan Lokey by 5.0% in the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after buying an additional 77 shares during the period. Mariner LLC increased its holdings in shares of Houlihan Lokey by 0.7% during the 4th quarter. Mariner LLC now owns 12,220 shares of the financial services provider’s stock worth $2,122,000 after buying an additional 81 shares during the last quarter. M&T Bank Corp raised its position in shares of Houlihan Lokey by 2.5% during the 4th quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after buying an additional 92 shares during the period. Finally, Atria Wealth Solutions Inc. lifted its holdings in Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.7 %

NYSE:HLI opened at $153.17 on Friday. Houlihan Lokey, Inc. has a 52 week low of $123.53 and a 52 week high of $192.10. The company has a market cap of $10.74 billion, a price-to-earnings ratio of 29.23 and a beta of 0.84. The company has a fifty day simple moving average of $161.93 and a two-hundred day simple moving average of $171.97.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data 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 net margin of 16.00% and a return on equity of 20.04%. On average, analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business 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. This represents a $2.28 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s payout ratio is 43.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on HLI shares. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company decreased their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. dropped their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday, April 7th. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $183.40.

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.