Grantham Mayo Van Otterloo & Co. LLC Cuts Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Grantham Mayo Van Otterloo & Co. LLC reduced its position in Houlihan Lokey, Inc. (NYSE:HLI) by 39.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 178,136 shares of the financial services provider’s stock after selling 115,845 shares during the quarter. Grantham Mayo Van Otterloo & Co. LLC’s holdings in Houlihan Lokey were worth $30,935,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Private Trust Co. NA purchased a new stake in shares of Houlihan Lokey in the fourth quarter valued at about $29,000. Financial Life Planners purchased a new stake in Houlihan Lokey in the 4th quarter valued at approximately $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the 4th quarter worth approximately $53,000. VisionPoint Advisory Group LLC purchased a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $62,000. Finally, Quarry LP acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at approximately $76,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on HLI. UBS Group upped 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. JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $192.00.

Houlihan Lokey Trading Down 4.5 %

Shares of HLI opened at $146.40 on Friday. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The stock has a market cap of $10.27 billion, a P/E ratio of 27.94 and a beta of 0.83. The company has a 50-day moving average of $169.45 and a two-hundred day moving average of $172.76.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (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%. As a group, analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s payout ratio is currently 43.51%.

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.