FineMark National Bank & Trust Sells 13,555 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

FineMark National Bank & Trust lowered its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 28.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,928 shares of the financial services provider’s stock after selling 13,555 shares during the quarter. FineMark National Bank & Trust owned 0.05% of Houlihan Lokey worth $6,066,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Prudential Financial Inc. lifted its holdings in Houlihan Lokey by 731.6% during the fourth quarter. Prudential Financial Inc. now owns 347,469 shares of the financial services provider’s stock worth $60,341,000 after acquiring an additional 305,685 shares during the period. Vanguard Group Inc. raised its stake in shares of Houlihan Lokey by 1.9% during the 4th quarter. Vanguard Group Inc. now owns 5,265,574 shares of the financial services provider’s stock worth $914,420,000 after purchasing an additional 98,495 shares during the period. LPL Financial LLC boosted its holdings in shares of Houlihan Lokey by 50.9% in the 4th quarter. LPL Financial LLC now owns 84,159 shares of the financial services provider’s stock worth $14,615,000 after buying an additional 28,398 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Houlihan Lokey during the fourth quarter valued at about $2,188,000. Finally, AXQ Capital LP purchased a new stake in Houlihan Lokey during the fourth quarter worth about $335,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 2.6 %

Shares of HLI opened at $166.89 on Tuesday. Houlihan Lokey, Inc. has a 12-month low of $122.14 and a 12-month high of $192.10. The company has a market cap of $11.71 billion, a PE ratio of 31.85 and a beta of 0.72. The stock has a 50-day moving average price of $173.15 and a 200-day moving average price of $172.45.

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

Houlihan Lokey Dividend Announcement

The company also recently declared 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 1.37%. Houlihan Lokey’s payout ratio is 43.51%.

Analyst Ratings Changes

A number of research firms have weighed in on HLI. JPMorgan Chase & Co. dropped their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. UBS Group boosted their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Houlihan Lokey currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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.