Daiwa Securities Group Inc. Has $3.02 Million Stake in Houlihan Lokey, Inc. (NYSE:HLI)

Daiwa Securities Group Inc. reduced its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 10.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,395 shares of the financial services provider’s stock after selling 2,098 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Houlihan Lokey were worth $3,021,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of HLI. Private Trust Co. NA bought a new position in Houlihan Lokey in the 4th quarter valued at $29,000. Financial Life Planners acquired a new stake in shares of Houlihan Lokey in the fourth quarter valued at $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the fourth quarter valued at about $53,000. VisionPoint Advisory Group LLC acquired a new position in Houlihan Lokey during the 4th quarter worth about $62,000. Finally, First Horizon Advisors Inc. lifted its position in Houlihan Lokey by 81.5% during the 3rd quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after buying an additional 198 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Morgan Stanley upgraded shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their price objective for the company from $201.00 to $190.00 in a research report on Thursday. StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Tuesday, February 25th. Wells Fargo & Company raised Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price objective for the stock from $180.00 to $179.00 in a report on Tuesday. JMP Securities reissued a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, JPMorgan Chase & Co. dropped their target price 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. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $192.00.

Houlihan Lokey Stock Down 0.6 %

HLI stock opened at $155.78 on Friday. 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 $10.93 billion, a P/E ratio of 29.73 and a beta of 0.72. The business’s fifty day moving average is $174.61 and its 200-day moving average is $171.88.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results 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%. Research analysts anticipate that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current fiscal 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 issued a dividend of $0.57 per share. The ex-dividend date is Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.46%. Houlihan Lokey’s payout ratio is 43.51%.

About Houlihan Lokey

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.