Teacher Retirement System of Texas Acquires 13,026 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Teacher Retirement System of Texas raised its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 29.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 57,528 shares of the financial services provider’s stock after acquiring an additional 13,026 shares during the period. Teacher Retirement System of Texas’ holdings in Houlihan Lokey were worth $9,990,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Barclays PLC lifted its stake in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after acquiring an additional 6,483 shares during the period. State Street Corp raised its holdings in Houlihan Lokey by 1.3% in the third 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. bought a new position in Houlihan Lokey in the fourth quarter worth $5,133,000. Jones Financial Companies Lllp raised its holdings in 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 purchasing an additional 2,521 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in 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 worth $94,974,000 after purchasing an additional 149,114 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on HLI. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their price objective 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 report on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $162.74 on Friday. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10. The business has a fifty day moving average price of $173.11 and a 200-day moving average price of $172.20. The company has a market capitalization of $11.42 billion, a PE ratio of 31.06 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS 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%. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

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

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.