Bank Julius Baer & Co. Ltd Zurich Has $17.60 Million Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Bank Julius Baer & Co. Ltd Zurich raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 14.9% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 100,515 shares of the financial services provider’s stock after purchasing an additional 13,022 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Houlihan Lokey were worth $17,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in Houlihan Lokey by 21.4% in the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after buying an additional 6,483 shares in the last quarter. Natixis Advisors LLC grew its holdings in shares of Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock worth $63,111,000 after purchasing an additional 9,768 shares in the last quarter. State Street Corp grew its holdings in shares of Houlihan Lokey by 1.3% during the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Gunderson Capital Management Inc. acquired a new stake in shares of Houlihan Lokey during the 4th quarter worth $5,133,000. Finally, Assetmark Inc. grew its holdings in shares of Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock worth $1,551,000 after purchasing an additional 9,433 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.1 %

Shares of HLI stock opened at $157.45 on Friday. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The company has a market cap of $11.04 billion, a P/E ratio of 30.05 and a beta of 0.72. The business has a fifty day simple moving average of $175.66 and a 200 day simple moving average of $171.83.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data 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 return on equity of 20.04% and a net margin of 16.00%. As a group, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be given a $0.57 dividend. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.45%. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Morgan Stanley increased their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, UBS Group increased their target price on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus price target of $194.40.

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.