California Public Employees Retirement System Decreases Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

California Public Employees Retirement System lowered its position in Houlihan Lokey, Inc. (NYSE:HLI) by 1.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,519 shares of the financial services provider’s stock after selling 1,788 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Houlihan Lokey worth $16,067,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Benjamin Edwards Inc. increased its position in shares of Houlihan Lokey by 17,100.0% in the third quarter. Benjamin Edwards Inc. now owns 1,548 shares of the financial services provider’s stock valued at $245,000 after buying an additional 1,539 shares in the last quarter. Centiva Capital LP purchased a new position in Houlihan Lokey during the 3rd quarter valued at about $408,000. Integrated Wealth Concepts LLC raised its position in Houlihan Lokey by 15.9% during the third quarter. Integrated Wealth Concepts LLC now owns 10,034 shares of the financial services provider’s stock worth $1,586,000 after acquiring an additional 1,380 shares during the last quarter. IHT Wealth Management LLC purchased a new stake in shares of Houlihan Lokey in the third quarter valued at about $268,000. Finally, Quarry LP purchased a new stake in shares of Houlihan Lokey in the third quarter valued at about $76,000. 78.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. JPMorgan Chase & Co. cut their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research report on Wednesday, January 29th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and cut their price target for the stock from $180.00 to $179.00 in a report on Tuesday, March 11th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com downgraded shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Tuesday, February 25th. Finally, 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. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $192.00.

Houlihan Lokey Price Performance

HLI opened at $146.40 on Friday. The stock has a market capitalization of $10.27 billion, a price-to-earnings ratio of 27.94 and a beta of 0.83. Houlihan Lokey, Inc. has a 12 month low of $122.14 and a 12 month high of $192.10. The business has a 50-day moving average of $169.45 and a two-hundred day moving average of $172.66.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 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%. Equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were given a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.56%. The ex-dividend date was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) 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.