Dynasty Wealth Management LLC Lowers Position in Houlihan Lokey, Inc. (NYSE:HLI)

Dynasty Wealth Management LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 10.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,259 shares of the financial services provider’s stock after selling 394 shares during the period. Dynasty Wealth Management LLC’s holdings in Houlihan Lokey were worth $566,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of HLI. Private Advisor Group LLC boosted its holdings in Houlihan Lokey by 21.8% during the third quarter. Private Advisor Group LLC now owns 3,730 shares of the financial services provider’s stock worth $589,000 after buying an additional 668 shares in the last quarter. State of Alaska Department of Revenue boosted its stake in shares of Houlihan Lokey by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 6,070 shares of the financial services provider’s stock worth $959,000 after acquiring an additional 415 shares in the last quarter. New York State Teachers Retirement System boosted 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 acquiring an additional 100 shares in the last quarter. US Bancorp DE boosted its position in Houlihan Lokey by 2.9% during the third quarter. US Bancorp DE now owns 34,124 shares of the financial services provider’s stock worth $5,392,000 after purchasing an additional 959 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in Houlihan Lokey by 42.0% during the third quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider’s stock worth $29,072,000 after purchasing an additional 54,386 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Trading Up 1.8 %

NYSE:HLI opened at $173.42 on Friday. The company’s 50-day moving average price is $177.04 and its 200-day moving average price is $171.14. Houlihan Lokey, Inc. has a twelve month low of $121.81 and a twelve month high of $192.10. The company has a market cap of $12.16 billion, a P/E ratio of 33.10 and a beta of 0.69.

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%. On average, 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 declared a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders 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 dividend yield of 1.31%. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

Wall Street Analyst Weigh In

HLI has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. decreased their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 29th. Morgan Stanley increased their price objective on shares of Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday, January 29th. 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 report on Wednesday, January 29th. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, 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 research note on Wednesday, January 29th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and a consensus price target of $194.40.

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.