Huntington National Bank Has $229,000 Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Huntington National Bank reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 8.3% in the fourth quarter, Holdings Channel reports. The institutional investor owned 1,316 shares of the financial services provider’s stock after selling 119 shares during the period. Huntington National Bank’s holdings in Houlihan Lokey were worth $229,000 as of its most recent SEC filing.

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

Analysts Set New Price Targets

A number of research firms have issued reports on HLI. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price objective for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Morgan Stanley raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the stock from $201.00 to $190.00 in a research report on Thursday, March 13th. Keefe, Bruyette & Woods reaffirmed 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. Finally, JMP Securities reiterated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four equities 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, Houlihan Lokey currently has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Trading Down 4.5 %

NYSE:HLI opened at $146.40 on Friday. The firm’s 50 day moving average is $169.45 and its 200 day moving average is $172.76. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The stock has a market capitalization of $10.27 billion, a PE ratio of 27.94 and a beta of 0.83.

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

Houlihan Lokey Announces Dividend

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