1 week Ago By Defense World Staff
JPMorgan Chase & Co. lifted its stake in Houlihan Lokey, Inc. ( NYSE:HLI – Free Report ) by 8.
2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 131,096 shares of the financial services provider’s stock after purchasing an additional 9,914 shares during the period. JPMorgan Chase & Co.
owned 0.19% of Houlihan Lokey worth $22,766,000 at the end of the most recent quarter. A number of other institutional investors have also made changes to their positions in HLI.
Private Trust Co. NA bought a new position in Houlihan Lokey during the fourth quarter worth about $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the 4th quarter valued at approximately $33,000.
Golden State Wealth Management LLC bought a new position in Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $62,000. Finally, Mather Group LLC.
increased its stake in Houlihan Lokey by 24.8% in the fourth quarter. Mather Group LLC.
now owns 584 shares of the financial services provider’s stock valued at $101,000 after purchasing an additional 116 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets A number of brokerages have recently weighed in on HLI. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.
00 target price (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co.
lowered their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th.
Morgan Stanley cut their price objective on Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a report on Monday.
Finally, Wells Fargo & Company lowered their target price on Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating for the company in a research note on Tuesday.
Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $183.40.
Houlihan Lokey Stock Performance NYSE:HLI opened at $156.34 on Thursday. The stock has a 50-day simple moving average of $166.
09 and a 200 day simple moving average of $172.28. Houlihan Lokey, Inc.
has a 52-week low of $122.14 and a 52-week high of $192.10.
The company has a market cap of $10.97 billion, a PE ratio of 29.84 and a beta of 0.
84. Houlihan Lokey ( NYSE:HLI – Get Free Report ) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.
64 earnings per share 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, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.
Houlihan Lokey Announces Dividend The firm also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a $0.57 dividend.
The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.
46%. Houlihan Lokey’s payout ratio is currently 43.51%.
Houlihan Lokey Profile ( Free Report ) 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. Featured Articles Five stocks we like better than Houlihan Lokey Business Services Stocks Investing Quantum Computing: The $6.
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