Keefe, Bruyette & Woods Reaffirms Market Perform Rating for Houlihan Lokey (NYSE:HLI)

Houlihan Lokey (NYSE:HLI)‘s stock had its “market perform” rating reissued by equities research analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Wednesday,Benzinga reports. They presently have a $192.00 target price on the financial services provider’s stock, up from their prior target price of $170.00. Keefe, Bruyette & Woods’ target price suggests a potential upside of 6.59% from the stock’s previous close.

HLI has been the topic of several other research reports. 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. JPMorgan Chase & Co. dropped their price target on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday. UBS Group raised their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday. Finally, StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $180.13 on Wednesday. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69. Houlihan Lokey has a 1 year low of $119.28 and a 1 year high of $192.10. The stock has a fifty day moving average price of $178.92 and a two-hundred day moving average price of $166.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. On average, analysts predict that Houlihan Lokey will post 5.74 EPS for the current year.

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors have recently modified their holdings of the company. State Street Corp grew its stake in Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after acquiring an additional 21,106 shares during the period. Geode Capital Management LLC grew its position 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 purchasing an additional 26,564 shares during the period. Eagle Asset Management Inc. increased its stake in Houlihan Lokey by 23.6% in the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock valued at $109,525,000 after purchasing an additional 132,516 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after buying an additional 149,114 shares during the period. Finally, Natixis Advisors LLC boosted its stake 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 worth $63,111,000 after buying an additional 9,768 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

About Houlihan Lokey

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.