Wealthfront Advisers LLC Invests $1.57 Million in Houlihan Lokey, Inc. (NYSE:HLI)

Wealthfront Advisers LLC purchased a new position in shares of Houlihan Lokey, Inc. (NYSE:HLI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 9,033 shares of the financial services provider’s stock, valued at approximately $1,569,000.

Several other hedge funds have also recently modified their holdings of HLI. Raymond James Financial Inc. acquired a new stake in shares of Houlihan Lokey during the fourth quarter worth $143,559,000. Jennison Associates LLC lifted its holdings in shares of Houlihan Lokey by 341.0% during the fourth quarter. Jennison Associates LLC now owns 307,304 shares of the financial services provider’s stock worth $53,366,000 after purchasing an additional 237,615 shares during the period. Lord Abbett & CO. LLC acquired a new stake in shares of Houlihan Lokey during the third quarter worth $24,177,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Houlihan Lokey by 33.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after purchasing an additional 149,114 shares during the period. Finally, Eagle Asset Management Inc. lifted its holdings in shares of Houlihan Lokey by 23.6% during the third quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after purchasing an additional 132,516 shares during the period. 78.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on HLI shares. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. Finally, Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their target price for the company from $180.00 to $179.00 in a report on Tuesday. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Stock Up 1.9 %

NYSE:HLI opened at $159.02 on Friday. The company has a market capitalization of $11.15 billion, a PE ratio of 30.35 and a beta of 0.72. Houlihan Lokey, Inc. has a 52-week low of $121.81 and a 52-week high of $192.10. The stock has a fifty day simple moving average of $174.29 and a 200-day simple moving average of $171.77.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping 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%. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 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.