Handelsbanken Fonder AB Grows Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Handelsbanken Fonder AB lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 10.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,458 shares of the financial services provider’s stock after buying an additional 1,300 shares during the period. Handelsbanken Fonder AB’s holdings in Houlihan Lokey were worth $2,337,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Private Advisor Group LLC grew its position in Houlihan Lokey by 21.8% in the third quarter. Private Advisor Group LLC now owns 3,730 shares of the financial services provider’s stock valued at $589,000 after acquiring an additional 668 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Houlihan Lokey by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,070 shares of the financial services provider’s stock valued at $959,000 after purchasing an additional 415 shares in the last quarter. Custom Index Systems LLC purchased a new stake in Houlihan Lokey during the 3rd quarter worth $411,000. Strategic Wealth Investment Group LLC lifted its holdings in Houlihan Lokey by 0.8% in the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after buying an additional 62 shares in the last quarter. Finally, Trajan Wealth LLC boosted its position in Houlihan Lokey by 10.7% in the 3rd quarter. Trajan Wealth LLC now owns 2,397 shares of the financial services provider’s stock valued at $379,000 after buying an additional 231 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Trading Down 0.3 %

Shares of NYSE HLI opened at $170.68 on Tuesday. The business has a 50 day simple moving average of $177.30 and a 200-day simple moving average of $171.03. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The company has a market capitalization of $11.97 billion, a price-to-earnings ratio of 32.57 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. As a group, equities analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a $0.57 dividend. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.34%. Houlihan Lokey’s payout ratio is currently 43.51%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Wells Fargo & Company lifted their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. StockNews.com raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Thursday, February 13th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $194.40.

Houlihan Lokey 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.