Axxcess Wealth Management LLC Increases Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Axxcess Wealth Management LLC boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 78.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,866 shares of the financial services provider’s stock after buying an additional 1,258 shares during the period. Axxcess Wealth Management LLC’s holdings in Houlihan Lokey were worth $498,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC grew its position in shares of Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after purchasing an additional 6,483 shares in the last quarter. State Street Corp grew its holdings in 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 valued at $255,276,000 after buying an additional 21,106 shares in the last quarter. Gunderson Capital Management Inc. bought a new stake in shares of Houlihan Lokey during the fourth quarter valued at about $5,133,000. Jones Financial Companies Lllp lifted its holdings in shares of Houlihan Lokey by 80.9% in the fourth quarter. Jones Financial Companies Lllp now owns 5,638 shares of the financial services provider’s stock worth $979,000 after buying an additional 2,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Houlihan Lokey by 33.0% in the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock valued at $94,974,000 after acquiring an additional 149,114 shares during the period. Institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 0.3 %

Shares of Houlihan Lokey stock opened at $162.74 on Friday. The firm has a market capitalization of $11.42 billion, a PE ratio of 31.06 and a beta of 0.72. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The business’s 50-day moving average price is $173.11 and its 200-day moving average price is $172.05.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, beating analysts’ consensus estimates 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, analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. JPMorgan Chase & Co. lowered their target price 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. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price target for the stock from $201.00 to $190.00 in a report on Thursday, March 13th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research report on Wednesday, January 29th. StockNews.com cut Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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.