Nicolet Advisory Services LLC Increases Stock Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Nicolet Advisory Services LLC boosted its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 4.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the financial services provider’s stock after purchasing an additional 70 shares during the period. Nicolet Advisory Services LLC’s holdings in Houlihan Lokey were worth $258,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. CIBC Asset Management Inc grew its holdings in shares of Houlihan Lokey by 5.0% during the 4th quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock worth $281,000 after purchasing an additional 77 shares during the period. M&T Bank Corp boosted its stake in Houlihan Lokey by 2.5% during the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock worth $655,000 after buying an additional 92 shares during the period. Atria Wealth Solutions Inc. increased its position in shares of Houlihan Lokey by 6.2% during the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after acquiring an additional 95 shares during the last quarter. State of Michigan Retirement System raised its stake in shares of Houlihan Lokey by 0.8% in the 4th quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after acquiring an additional 100 shares during the period. Finally, Mather Group LLC. lifted its holdings in shares of Houlihan Lokey by 24.8% in the 4th quarter. Mather Group LLC. now owns 584 shares of the financial services provider’s stock worth $101,000 after acquiring an additional 116 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

HLI has been the topic of a number of research analyst reports. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Morgan Stanley raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their target price for the stock from $201.00 to $190.00 in a research note on Thursday, March 13th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and dropped their target price for the company from $180.00 to $179.00 in a research report on Tuesday, March 11th. Finally, UBS Group increased their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research 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 company. According to MarketBeat, Houlihan Lokey has an average rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $146.40 on Friday. The company has a market cap of $10.27 billion, a price-to-earnings ratio of 27.94 and a beta of 0.83. The stock’s 50-day moving average is $169.45 and its two-hundred day moving average is $172.66. Houlihan Lokey, Inc. has a 1-year low of $122.14 and a 1-year high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid 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 dividend yield of 1.56%. Houlihan Lokey’s payout ratio is currently 43.51%.

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.