Whittier Trust Co. Has $11.57 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Whittier Trust Co. increased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 66,610 shares of the financial services provider’s stock after purchasing an additional 2,614 shares during the period. Whittier Trust Co.’s holdings in Houlihan Lokey were worth $11,567,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Houlihan Lokey by 1.1% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 11,835 shares of the financial services provider’s stock worth $2,055,000 after buying an additional 126 shares during the period. Magnetar Financial LLC acquired a new stake in shares of Houlihan Lokey in the fourth quarter worth $2,953,000. Teacher Retirement System of Texas increased its position in Houlihan Lokey by 29.3% during the fourth quarter. Teacher Retirement System of Texas now owns 57,528 shares of the financial services provider’s stock worth $9,990,000 after acquiring an additional 13,026 shares during the period. Harvest Fund Management Co. Ltd raised its stake in Houlihan Lokey by 810.2% during the 4th quarter. Harvest Fund Management Co. Ltd now owns 3,468 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 3,087 shares during the last quarter. Finally, Xponance Inc. boosted its holdings in Houlihan Lokey by 5.8% in the 4th quarter. Xponance Inc. now owns 6,518 shares of the financial services provider’s stock valued at $1,132,000 after purchasing an additional 360 shares during the period. Institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the subject of a number of research analyst reports. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price objective for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. JPMorgan Chase & Co. cut 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. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Keefe, Bruyette & Woods restated 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. Finally, UBS Group lifted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Trading Down 0.3 %

NYSE HLI opened at $162.33 on Friday. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The stock’s 50 day moving average is $173.22 and its two-hundred day moving average is $172.01. The company has a market capitalization of $11.39 billion, a price-to-earnings ratio of 30.98 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.40%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

Houlihan Lokey Company 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.