Union Bancaire Privee UBP SA Makes New $1.66 Million Investment in Houlihan Lokey, Inc. (NYSE:HLI)

Union Bancaire Privee UBP SA purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,506 shares of the financial services provider’s stock, valued at approximately $1,657,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Strategic Wealth Investment Group LLC grew its stake in shares of Houlihan Lokey by 0.8% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock worth $1,293,000 after purchasing an additional 62 shares during the period. CIBC Asset Management Inc grew its stake 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. Atria Wealth Solutions Inc. grew its stake in shares of Houlihan Lokey by 6.2% during the 4th quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock worth $282,000 after purchasing an additional 95 shares during the period. New York State Teachers Retirement System grew its stake in shares of Houlihan Lokey by 0.6% during the 3rd quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock worth $2,724,000 after purchasing an additional 100 shares during the period. Finally, Pathstone Holdings LLC grew its stake in shares of Houlihan Lokey by 0.5% during the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after purchasing an additional 115 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. JPMorgan Chase & Co. lowered their price objective 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 raised shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. Wells Fargo & Company increased their price objective on shares of Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a research note on Wednesday, January 29th. Finally, UBS Group increased their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, January 29th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Price Performance

Houlihan Lokey stock opened at $171.07 on Monday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The stock has a market capitalization of $12.00 billion, a P/E ratio of 32.65 and a beta of 0.69. The firm’s 50-day moving average is $177.48 and its two-hundred day moving average is $170.88.

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

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.33%. Houlihan Lokey’s dividend 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.