Whittier Trust Co. of Nevada Inc. Buys 1,478 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Whittier Trust Co. of Nevada Inc. grew its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 4.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 34,743 shares of the financial services provider’s stock after buying an additional 1,478 shares during the quarter. Whittier Trust Co. of Nevada Inc.’s holdings in Houlihan Lokey were worth $6,033,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Private Trust Co. NA bought a new position in Houlihan Lokey during the 4th quarter worth about $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey during the fourth quarter worth about $33,000. Golden State Wealth Management LLC acquired a new stake in Houlihan Lokey in the 4th quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at approximately $62,000. Finally, First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Up 0.3 %

Shares of NYSE HLI opened at $162.74 on Friday. Houlihan Lokey, Inc. has a twelve month low of $122.14 and a twelve month high of $192.10. The company has a market cap of $11.42 billion, a PE ratio of 31.06 and a beta of 0.72. The business’s 50 day moving average price is $173.11 and its two-hundred day moving average price is $172.05.

Houlihan Lokey (NYSE:HLI) last posted 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%. As a group, research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

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

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. UBS Group boosted their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Houlihan Lokey presently has a consensus rating of “Hold” and an average target price of $192.00.

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.