Houlihan Lokey (NYSE:HLI) Price Target Raised to $185.00

Houlihan Lokey (NYSE:HLI) had its price target increased by Keefe, Bruyette & Woods from $183.00 to $185.00 in a report published on Monday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the financial services provider’s stock.

Several other research analysts have also weighed in on HLI. UBS Group boosted their price target on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised their target price on shares of Houlihan Lokey from $170.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, May 8th. Morgan Stanley lowered their target price 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. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and a consensus target price of $185.00.

Houlihan Lokey Trading Up 0.1%

Shares of HLI opened at $178.74 on Monday. The stock has a market capitalization of $12.54 billion, a price-to-earnings ratio of 34.11 and a beta of 0.82. Houlihan Lokey has a 12 month low of $127.14 and a 12 month high of $192.10. The firm has a fifty day simple moving average of $159.71 and a 200 day simple moving average of $171.67.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, May 7th. The financial services provider reported $1.96 EPS for the quarter, topping analysts’ consensus estimates of $1.61 by $0.35. The company had revenue of $666.42 million during the quarter, compared to the consensus estimate of $628.25 million. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. The company’s quarterly revenue was up 28.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.27 EPS. As a group, research analysts predict that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, June 15th. Shareholders of record on Monday, June 2nd will be issued a $0.60 dividend. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.57. This represents a $2.40 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, June 2nd. Houlihan Lokey’s payout ratio is currently 41.24%.

Hedge Funds Weigh In On Houlihan Lokey

Several large investors have recently modified their holdings of HLI. Comerica Bank boosted its holdings in shares of Houlihan Lokey by 71.5% during the 1st quarter. Comerica Bank now owns 44,397 shares of the financial services provider’s stock worth $7,170,000 after buying an additional 18,509 shares during the period. Jump Financial LLC boosted its holdings in shares of Houlihan Lokey by 327.9% during the first quarter. Jump Financial LLC now owns 26,197 shares of the financial services provider’s stock worth $4,231,000 after acquiring an additional 20,075 shares during the period. AlphaQuest LLC boosted its holdings in shares of Houlihan Lokey by 69.5% during the first quarter. AlphaQuest LLC now owns 4,027 shares of the financial services provider’s stock worth $650,000 after acquiring an additional 1,651 shares during the period. CW Advisors LLC bought a new position in shares of Houlihan Lokey during the first quarter worth approximately $10,296,000. Finally, Martingale Asset Management L P bought a new position in shares of Houlihan Lokey during the first quarter worth approximately $709,000. 78.07% of the stock is owned by institutional investors.

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.