Houlihan Lokey, Inc. (NYSE:HLI) Shares Acquired by CANADA LIFE ASSURANCE Co

CANADA LIFE ASSURANCE Co boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 8.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 45,385 shares of the financial services provider’s stock after buying an additional 3,621 shares during the quarter. CANADA LIFE ASSURANCE Co’s holdings in Houlihan Lokey were worth $7,874,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Barclays PLC lifted its position in shares of Houlihan Lokey by 21.4% during the 3rd quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock worth $5,818,000 after buying an additional 6,483 shares during the last quarter. Gunderson Capital Management Inc. acquired a new position in Houlihan Lokey in the fourth quarter valued at $5,133,000. Jones Financial Companies Lllp grew its holdings in shares of Houlihan Lokey by 80.9% during 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 during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth about $21,613,000. Finally, Park Avenue Securities LLC lifted its holdings in shares of Houlihan Lokey by 20.8% in the 4th quarter. Park Avenue Securities LLC now owns 9,296 shares of the financial services provider’s stock valued at $1,614,000 after purchasing an additional 1,599 shares during the last quarter. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of HLI opened at $155.09 on Wednesday. Houlihan Lokey, Inc. has a 1 year low of $123.53 and a 1 year high of $192.10. The stock has a market capitalization of $10.88 billion, a P/E ratio of 29.60 and a beta of 0.84. The company’s fifty day moving average is $160.92 and its two-hundred day moving average is $171.86.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results 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 net margin of 16.00% and a return on equity of 20.04%. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The firm 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 was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.47%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 43.51%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Morgan Stanley dropped their price target on Houlihan Lokey from $190.00 to $156.00 and set an “overweight” rating on the stock in a research note on Monday, April 7th. Wells Fargo & Company lowered their target price on shares of Houlihan Lokey from $179.00 to $170.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 price objective (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $183.40.

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.