Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for Houlihan Lokey (NYSE:HLI) Stock

Houlihan Lokey (NYSE:HLIGet Free Report) had its price objective increased by Keefe, Bruyette & Woods from $171.00 to $172.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 1.13% from the company’s current price.

Several other research firms have also recently commented on HLI. UBS Group increased their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley lowered Houlihan Lokey from an “equal weight” rating to an “underweight” rating and upped their price target for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Finally, Wells Fargo & Company lifted their price objective on Houlihan Lokey from $157.00 to $180.00 and gave the stock an “underweight” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $174.20.

Check Out Our Latest Stock Analysis on Houlihan Lokey

Houlihan Lokey Price Performance

HLI stock opened at $173.97 on Friday. The business has a fifty day moving average price of $178.97 and a 200 day moving average price of $158.03. Houlihan Lokey has a fifty-two week low of $112.17 and a fifty-two week high of $192.10. The stock has a market capitalization of $12.09 billion, a price-to-earnings ratio of 35.58 and a beta of 0.67.

Houlihan Lokey (NYSE:HLIGet Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s quarterly revenue was up 23.1% compared to the same quarter last year. During the same period last year, the company posted $1.11 earnings per share. On average, equities analysts expect that Houlihan Lokey will post 5.74 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction on Monday, October 14th. The shares were sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares of the company’s stock, valued at $1,109,496.08. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.68% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Houlihan Lokey

Large investors have recently made changes to their positions in the stock. Fifth Third Wealth Advisors LLC acquired a new position in Houlihan Lokey in the 2nd quarter worth $206,000. &PARTNERS acquired a new position in shares of Houlihan Lokey during the second quarter worth about $454,000. Bank of New York Mellon Corp grew its holdings in shares of Houlihan Lokey by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider’s stock worth $69,851,000 after buying an additional 6,291 shares in the last quarter. Whittier Trust Co. raised its position in Houlihan Lokey by 5.2% in the 2nd quarter. Whittier Trust Co. now owns 61,280 shares of the financial services provider’s stock valued at $8,264,000 after buying an additional 3,050 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. lifted its stake in Houlihan Lokey by 3.9% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 31,871 shares of the financial services provider’s stock valued at $4,298,000 after acquiring an additional 1,185 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

About Houlihan Lokey

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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.

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Analyst Recommendations for Houlihan Lokey (NYSE:HLI)

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