Keybank National Association OH Trims Holdings in Houlihan Lokey, Inc. $HLI

Keybank National Association OH reduced its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 60.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,400 shares of the financial services provider’s stock after selling 5,105 shares during the period. Keybank National Association OH’s holdings in Houlihan Lokey were worth $488,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Flagship Harbor Advisors LLC acquired a new stake in Houlihan Lokey during the fourth quarter worth approximately $26,000. Oakworth Capital Inc. purchased a new stake in Houlihan Lokey in the 4th quarter worth approximately $29,000. Core Wealth Advisors LLC acquired a new position in Houlihan Lokey in the 4th quarter valued at $32,000. Eurizon Capital SGR S.p.A. acquired a new position in Houlihan Lokey in the 4th quarter valued at $33,000. Finally, Strategic Wealth Investment Group LLC purchased a new position in shares of Houlihan Lokey during the 2nd quarter worth $39,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the topic of several analyst reports. The Goldman Sachs Group decreased their price objective on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. UBS Group increased their target price on Houlihan Lokey from $160.00 to $161.00 and gave the stock a “neutral” rating in a research report on Wednesday. US Capital Advisors set a $187.00 target price on Houlihan Lokey in a research report on Thursday. Morgan Stanley decreased their price target on Houlihan Lokey from $193.00 to $187.00 and set an “overweight” rating on the stock in a research note on Thursday. Finally, Weiss Ratings cut Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a report on Tuesday, April 21st. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, Houlihan Lokey has an average rating of “Moderate Buy” and an average target price of $190.12.

Insider Activity at Houlihan Lokey

In related news, Chairman Scott L. Beiser sold 6,265 shares of Houlihan Lokey stock in a transaction on Thursday, May 21st. The shares were sold at an average price of $150.26, for a total transaction of $941,378.90. Following the transaction, the chairman owned 6,265 shares in the company, valued at approximately $941,378.90. The trade was a 50.00% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 22.83% of the company’s stock.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $136.66 on Friday. Houlihan Lokey, Inc. has a 1 year low of $131.30 and a 1 year high of $211.78. The stock has a market capitalization of $9.44 billion, a P/E ratio of 21.97, a PEG ratio of 1.04 and a beta of 0.95. The stock has a 50-day simple moving average of $143.59 and a 200-day simple moving average of $156.55.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.79 by ($0.16). The business had revenue of $635.64 million during the quarter, compared to analysts’ expectations of $679.22 million. Houlihan Lokey had a net margin of 16.26% and a return on equity of 22.88%. The company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.96 EPS. Analysts predict that Houlihan Lokey, Inc. will post 8.54 earnings per share for the current year.

Houlihan Lokey Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 1st were paid a $0.70 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. Houlihan Lokey’s payout ratio is 45.02%.

Houlihan Lokey Company Profile

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.