Arizona State Retirement System Purchases 358 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Arizona State Retirement System lifted its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 2.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,483 shares of the financial services provider’s stock after purchasing an additional 358 shares during the period. Arizona State Retirement System’s holdings in Houlihan Lokey were worth $2,689,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CIBC Asset Management Inc increased its holdings in shares of Houlihan Lokey by 5.0% in the fourth quarter. CIBC Asset Management Inc now owns 1,617 shares of the financial services provider’s stock valued at $281,000 after purchasing an additional 77 shares in the last quarter. M&T Bank Corp increased its holdings in shares of Houlihan Lokey by 2.5% in the fourth quarter. M&T Bank Corp now owns 3,771 shares of the financial services provider’s stock valued at $655,000 after purchasing an additional 92 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of Houlihan Lokey by 6.2% in the fourth quarter. Atria Wealth Solutions Inc. now owns 1,625 shares of the financial services provider’s stock valued at $282,000 after purchasing an additional 95 shares in the last quarter. State of Michigan Retirement System increased its holdings in shares of Houlihan Lokey by 0.8% in the fourth quarter. State of Michigan Retirement System now owns 12,700 shares of the financial services provider’s stock valued at $2,205,000 after purchasing an additional 100 shares in the last quarter. Finally, Pathstone Holdings LLC increased its holdings in shares of Houlihan Lokey by 0.5% in the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after purchasing an additional 115 shares in the last quarter. Institutional investors and hedge funds own 78.07% of the company’s stock.

Houlihan Lokey Stock Down 1.9 %

Shares of HLI stock opened at $154.56 on Tuesday. Houlihan Lokey, Inc. has a 12-month low of $121.81 and a 12-month high of $192.10. The firm has a market capitalization of $10.84 billion, a price-to-earnings ratio of 29.50 and a beta of 0.72. The firm has a fifty day moving average of $175.66 and a 200-day moving average of $171.96.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. Research analysts expect that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $2.28 annualized dividend and a yield of 1.48%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 43.51%.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. UBS Group raised their price target on shares of Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a report on Wednesday, January 29th. Morgan Stanley lifted their target price on shares of Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Wells Fargo & Company lifted their target price on shares of Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a report on Wednesday, January 29th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey 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.