Fiera Capital Corp Has $4.99 Million Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

Fiera Capital Corp lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 0.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,997 shares of the financial services provider’s stock after purchasing an additional 318 shares during the period. Fiera Capital Corp owned 0.05% of Houlihan Lokey worth $4,989,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of HLI. Van ECK Associates Corp lifted its position in shares of Houlihan Lokey by 31.7% in the fourth quarter. Van ECK Associates Corp now owns 14,289 shares of the financial services provider’s stock worth $1,713,000 after buying an additional 3,439 shares during the last quarter. Victory Capital Management Inc. boosted its position in Houlihan Lokey by 32.4% during the fourth quarter. Victory Capital Management Inc. now owns 59,208 shares of the financial services provider’s stock worth $7,100,000 after purchasing an additional 14,475 shares during the period. Amalgamated Bank boosted its position in Houlihan Lokey by 265.9% during the fourth quarter. Amalgamated Bank now owns 33,634 shares of the financial services provider’s stock worth $4,033,000 after purchasing an additional 24,441 shares during the period. M&T Bank Corp grew its holdings in Houlihan Lokey by 13.7% during the fourth quarter. M&T Bank Corp now owns 4,379 shares of the financial services provider’s stock valued at $525,000 after purchasing an additional 526 shares during the last quarter. Finally, Private Advisor Group LLC raised its position in shares of Houlihan Lokey by 3.3% in the fourth quarter. Private Advisor Group LLC now owns 3,198 shares of the financial services provider’s stock valued at $383,000 after purchasing an additional 102 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms recently issued reports on HLI. UBS Group upped their price objective on shares of Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price target (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Morgan Stanley lifted their price objective on Houlihan Lokey from $131.00 to $148.00 and gave the stock an “equal weight” rating in a research note on Tuesday, July 23rd. Finally, JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Houlihan Lokey currently has an average rating of “Hold” and an average target price of $150.25.

Insider Activity at Houlihan Lokey

In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction on Friday, June 28th. The shares were sold at an average price of $135.25, for a total value of $1,339,245.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Houlihan Lokey news, Chairman Irwin Gold sold 9,902 shares of the firm’s stock in a transaction dated Friday, June 28th. The shares were sold at an average price of $135.25, for a total transaction of $1,339,245.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 19,419 shares of company stock worth $2,788,303. 25.97% of the stock is owned by corporate insiders.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $151.45 on Wednesday. The firm’s 50-day moving average is $145.82 and its 200-day moving average is $135.27. The company has a market cap of $10.39 billion, a price-to-earnings ratio of 36.85 and a beta of 0.67. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $157.58.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The firm had revenue of $514.00 million for the quarter, compared to analyst estimates of $508.70 million. Houlihan Lokey had a return on equity of 18.80% and a net margin of 15.30%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.89 earnings per share. Equities analysts predict that Houlihan Lokey, Inc. will post 5.64 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.51%. The ex-dividend date of this dividend is Tuesday, September 3rd. Houlihan Lokey’s dividend payout ratio is presently 55.47%.

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.