Houlihan Lokey (NYSE:HLI) Price Target Lowered to $170.00 at Wells Fargo & Company

Houlihan Lokey (NYSE:HLI) had its target price reduced by Wells Fargo & Company from $179.00 to $170.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 20.41% from the stock’s current price.

A number of other brokerages have also recently issued reports on HLI. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley reduced their price target on shares of Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a research report on Monday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $183.40.

Houlihan Lokey Stock Down 2.1 %

HLI traded down $2.96 during trading on Tuesday, reaching $141.18. 460,645 shares of the company’s stock were exchanged, compared to its average volume of 345,996. Houlihan Lokey has a fifty-two week low of $122.14 and a fifty-two week high of $192.10. The company has a market capitalization of $9.90 billion, a P/E ratio of 26.94 and a beta of 0.84. The business has a 50 day moving average price of $168.71 and a 200 day moving average price of $172.78.

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

Hedge Funds Weigh In On Houlihan Lokey

Institutional investors have recently modified their holdings of the stock. Parallel Advisors LLC grew its stake in shares of Houlihan Lokey by 14.2% during the first quarter. Parallel Advisors LLC now owns 819 shares of the financial services provider’s stock valued at $132,000 after purchasing an additional 102 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Houlihan Lokey by 39,574.9% during the 1st quarter. GAMMA Investing LLC now owns 686,375 shares of the financial services provider’s stock worth $1,108,500,000 after buying an additional 684,645 shares in the last quarter. Versant Capital Management Inc boosted its position in Houlihan Lokey by 744.2% in the 1st quarter. Versant Capital Management Inc now owns 363 shares of the financial services provider’s stock valued at $59,000 after buying an additional 320 shares during the last quarter. First Hawaiian Bank acquired a new stake in shares of Houlihan Lokey in the 1st quarter valued at $1,494,000. Finally, California State Teachers Retirement System raised its position in shares of Houlihan Lokey by 5.9% during the fourth quarter. California State Teachers Retirement System now owns 52,656 shares of the financial services provider’s stock worth $9,144,000 after acquiring an additional 2,947 shares during the last quarter. 78.07% of the stock is owned by institutional investors.

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.