Schroder Investment Management Group Has $50.13 Million Stock Holdings in Houlihan Lokey, Inc. $HLI

Schroder Investment Management Group reduced its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 1.8% in the 3rd quarter, HoldingsChannel reports. The firm owned 243,107 shares of the financial services provider’s stock after selling 4,527 shares during the quarter. Schroder Investment Management Group’s holdings in Houlihan Lokey were worth $50,126,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HLI. Royal Bank of Canada increased its position in Houlihan Lokey by 14.4% in the 1st quarter. Royal Bank of Canada now owns 49,584 shares of the financial services provider’s stock valued at $8,008,000 after buying an additional 6,253 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Houlihan Lokey by 50.0% in the first quarter. AQR Capital Management LLC now owns 29,654 shares of the financial services provider’s stock worth $4,598,000 after acquiring an additional 9,891 shares in the last quarter. Millennium Management LLC bought a new position in Houlihan Lokey in the first quarter worth approximately $18,964,000. Goldman Sachs Group Inc. grew its stake in Houlihan Lokey by 5.7% in the first quarter. Goldman Sachs Group Inc. now owns 415,743 shares of the financial services provider’s stock valued at $67,143,000 after acquiring an additional 22,553 shares during the period. Finally, Bank of Montreal Can grew its stake in Houlihan Lokey by 9.7% in the second quarter. Bank of Montreal Can now owns 21,874 shares of the financial services provider’s stock valued at $3,936,000 after acquiring an additional 1,930 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insider Activity

In other Houlihan Lokey news, Director Robert A. Schriesheim sold 5,000 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the completion of the sale, the director directly owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. This represents a 15.16% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $174.17, for a total transaction of $87,085.00. The disclosure for this sale is available in the SEC filing. Corporate insiders own 22.83% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HLI. BMO Capital Markets upped their target price on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research report on Thursday, January 29th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday. Morgan Stanley lowered their price objective on shares of Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating on the stock in a report on Tuesday, January 6th. Finally, UBS Group reiterated a “neutral” rating and set a $196.00 price objective on shares of Houlihan Lokey in a report on Friday, January 30th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $209.17.

Houlihan Lokey Stock Down 0.7%

Shares of NYSE:HLI opened at $145.73 on Wednesday. The stock has a market cap of $10.17 billion, a price-to-earnings ratio of 22.39 and a beta of 0.95. Houlihan Lokey, Inc. has a 12-month low of $137.99 and a 12-month high of $211.78. The business’s 50 day moving average is $172.55 and its 200 day moving average is $183.23.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, beating analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same period last year, the company posted $1.64 earnings per share. Houlihan Lokey’s revenue was up 13.0% on a year-over-year basis. As a group, equities research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd will be issued a $0.60 dividend. The ex-dividend date is Monday, March 2nd. This represents a $2.40 annualized dividend and a dividend yield of 1.6%. Houlihan Lokey’s dividend payout ratio is currently 36.87%.

About Houlihan Lokey

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.