Franklin Parlapiano Turner & Welch LLC Sells 6,823 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Franklin Parlapiano Turner & Welch LLC reduced its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 58,910 shares of the financial services provider’s stock after selling 6,823 shares during the quarter. Houlihan Lokey makes up about 2.8% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 6th biggest holding. Franklin Parlapiano Turner & Welch LLC owned 0.08% of Houlihan Lokey worth $10,230,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in HLI. Barclays PLC grew its holdings in Houlihan Lokey by 21.4% during the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after purchasing an additional 6,483 shares during the period. Natixis Advisors LLC boosted its position in Houlihan Lokey by 2.5% during the 3rd quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after acquiring an additional 9,768 shares in the last quarter. State Street Corp boosted its position in shares of Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Gunderson Capital Management Inc. purchased a new stake in Houlihan Lokey during the 4th quarter valued at $5,133,000. Finally, Assetmark Inc. boosted its stake in Houlihan Lokey by 2,482.4% during the 3rd quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after purchasing an additional 9,433 shares during the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Price Performance

NYSE HLI opened at $180.16 on Thursday. The company has a fifty day moving average of $179.10 and a 200 day moving average of $166.69. The company has a market capitalization of $12.52 billion, a PE ratio of 36.84 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $119.28 and a 1 year high of $192.10.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. Research analysts expect that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s payout ratio is 46.63%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a report on Tuesday. Wells Fargo & Company increased their price target on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price objective (up previously from $170.00) on shares of Houlihan Lokey in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.