Sei Investments Co. Sells 19,027 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Sei Investments Co. lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 2.5% during the 4th quarter, HoldingsChannel reports. The firm owned 736,718 shares of the financial services provider’s stock after selling 19,027 shares during the period. Sei Investments Co.’s holdings in Houlihan Lokey were worth $127,938,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares during the period. Geode Capital Management LLC increased 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 worth $153,405,000 after purchasing an additional 26,564 shares during the period. Raymond James Financial Inc. bought a new position in shares of Houlihan Lokey in the fourth quarter worth $143,559,000. Charles Schwab Investment Management Inc. increased its stake in Houlihan Lokey by 0.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider’s stock valued at $104,709,000 after acquiring an additional 1,931 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Houlihan Lokey by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock valued at $84,566,000 after acquiring an additional 4,896 shares during the last quarter. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Up 0.3 %

NYSE HLI opened at $162.74 on Friday. The company has a 50-day simple moving average of $173.11 and a two-hundred day simple moving average of $172.20. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The firm has a market cap of $11.42 billion, a price-to-earnings ratio of 31.06 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) 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%. Equities analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.40%. Houlihan Lokey’s dividend payout ratio is currently 43.51%.

Analyst Ratings Changes

A number of research firms recently commented on HLI. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their target price for the company from $180.00 to $179.00 in a research note on Tuesday, March 11th. Keefe, Bruyette & Woods reissued 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. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. reduced their target price on 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 given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $192.00.

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.