Houlihan Lokey, Inc. $HLI Shares Sold by Keybank National Association OH

Keybank National Association OH lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 60.0% in the first quarter, Holdings Channel reports. The fund owned 3,400 shares of the financial services provider’s stock after selling 5,105 shares during the quarter. Keybank National Association OH’s holdings in Houlihan Lokey were worth $488,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its holdings in Houlihan Lokey by 6.4% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,606 shares of the financial services provider’s stock valued at $1,236,000 after purchasing an additional 516 shares in the last quarter. Union Bancaire Privee UBP SA boosted its position in Houlihan Lokey by 11.6% in the 1st quarter. Union Bancaire Privee UBP SA now owns 5,774 shares of the financial services provider’s stock valued at $803,000 after buying an additional 599 shares during the last quarter. Venturi Wealth Management LLC purchased a new position in Houlihan Lokey in the 1st quarter valued at about $415,000. J2 Capital Management Inc grew its stake in shares of Houlihan Lokey by 46.1% during the first quarter. J2 Capital Management Inc now owns 4,567 shares of the financial services provider’s stock valued at $656,000 after acquiring an additional 1,441 shares in the last quarter. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Houlihan Lokey during the first quarter worth about $2,269,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HLI shares. Keefe, Bruyette & Woods cut their price target on Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating on the stock in a research note on Thursday, May 7th. The Goldman Sachs Group cut their target price on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. UBS Group raised their price target on shares of Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday. Finally, Morgan Stanley dropped their price target on shares of Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating for the company in a research note on Thursday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $190.12.

Insider Transactions at Houlihan Lokey

In other Houlihan Lokey news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $150.26, for a total value of $941,378.90. Following the completion of the transaction, the chairman directly owned 6,265 shares in the company, valued at $941,378.90. The trade was a 50.00% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 22.83% of the stock is owned by corporate insiders.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $136.66 on Friday. Houlihan Lokey, Inc. has a 12 month low of $131.30 and a 12 month high of $211.78. The company has a fifty day moving average price of $143.59 and a two-hundred day moving average price of $156.55. The company has a market cap of $9.44 billion, a PE ratio of 21.97, a P/E/G ratio of 1.04 and a beta of 0.95.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.79 by ($0.16). Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.The business had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. During the same period last year, the company posted $1.96 earnings per share. The firm’s revenue for the quarter was down 4.6% on a year-over-year basis. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 1st were issued a $0.70 dividend. This is an increase from Houlihan Lokey’s previous quarterly dividend of $0.60. This represents a $2.80 dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend was Monday, June 1st. Houlihan Lokey’s dividend payout ratio is 45.02%.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.