United Services Automobile Association Takes Position in Houlihan Lokey, Inc. $HLI

United Services Automobile Association acquired a new stake in Houlihan Lokey, Inc. (NYSE:HLI) in the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 3,438 shares of the financial services provider’s stock, valued at approximately $544,000.

Several other institutional investors have also modified their holdings of HLI. GAMMA Investing LLC lifted its stake in shares of Houlihan Lokey by 39,574.9% in the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider’s stock valued at $1,108,500,000 after purchasing an additional 684,645 shares during the last quarter. Congress Asset Management Co. bought a new position in Houlihan Lokey during the 1st quarter valued at about $81,420,000. Westfield Capital Management Co. LP bought a new position in Houlihan Lokey during the 1st quarter valued at about $46,236,000. Handelsbanken Fonder AB grew its holdings in Houlihan Lokey by 1,946.8% during the 1st quarter. Handelsbanken Fonder AB now owns 275,458 shares of the financial services provider’s stock valued at $44,486,000 after purchasing an additional 262,000 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in Houlihan Lokey by 1,168.0% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 239,522 shares of the financial services provider’s stock valued at $38,683,000 after purchasing an additional 220,632 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, General Counsel Christopher M. Crain sold 500 shares of the business’s stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $196.22, for a total transaction of $98,110.00. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Chairman Paul Eric Siegert sold 40,000 shares of the business’s stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total value of $7,998,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 45,500 shares of company stock worth $9,010,160 in the last ninety days. 22.83% of the stock is owned by insiders.

Houlihan Lokey Stock Down 0.8%

HLI opened at $196.80 on Wednesday. The stock’s fifty day moving average is $193.25 and its two-hundred day moving average is $175.64. The company has a market capitalization of $13.84 billion, a P/E ratio of 33.13 and a beta of 0.86. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $201.63.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, July 29th. The financial services provider reported $2.14 EPS for the quarter, topping the consensus estimate of $1.69 by $0.45. The company had revenue of $605.35 million for the quarter, compared to the consensus estimate of $573.07 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.Houlihan Lokey’s quarterly revenue was up 17.8% on a year-over-year basis. During the same period last year, the business posted $1.22 EPS. Equities 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 announced a quarterly dividend, which will be paid on Monday, September 15th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 2nd. Houlihan Lokey’s payout ratio is 40.40%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HLI. Wells Fargo & Company raised their price target on Houlihan Lokey from $185.00 to $209.00 and gave the stock an “overweight” rating in a research note on Friday, July 11th. Keefe, Bruyette & Woods raised Houlihan Lokey from a “hold” rating to a “moderate buy” rating and raised their price target for the stock from $185.00 to $232.00 in a research note on Monday, July 14th. Morgan Stanley raised their price target on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research note on Monday. Finally, Wall Street Zen lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Saturday, August 2nd. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $210.60.

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.