Sanctuary Advisors LLC Reduces Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Sanctuary Advisors LLC lowered its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 2.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 19,562 shares of the financial services provider’s stock after selling 445 shares during the period. Sanctuary Advisors LLC’s holdings in Houlihan Lokey were worth $3,524,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp grew its stake in Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after buying an additional 21,106 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock valued at $153,405,000 after acquiring an additional 26,564 shares during the period. Eagle Asset Management Inc. grew its position in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after acquiring an additional 132,516 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after acquiring an additional 149,114 shares during the period. Finally, Natixis Advisors LLC raised its position in Houlihan Lokey by 2.5% in the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after purchasing an additional 9,768 shares during the last quarter. 78.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HLI shares. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Finally, Wells Fargo & Company boosted their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two equities research 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. Based on data from MarketBeat, Houlihan Lokey presently has an average rating of “Hold” and an average target price of $194.40.

Houlihan Lokey Stock Down 2.7 %

Shares of NYSE:HLI opened at $171.07 on Friday. The company has a market capitalization of $12.00 billion, a P/E ratio of 32.65 and a beta of 0.69. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The stock’s fifty day simple moving average is $177.48 and its 200-day simple moving average is $170.52.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm 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 dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

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.