Thrivent Financial for Lutherans Has $112.69 Million Position in Houlihan Lokey, Inc. (NYSE:HLI)

Thrivent Financial for Lutherans cut its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 8.8% during the 4th quarter, Holdings Channel reports. The firm owned 648,736 shares of the financial services provider’s stock after selling 62,868 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Houlihan Lokey were worth $112,690,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. Private Trust Co. NA acquired a new position in Houlihan Lokey during the fourth quarter worth approximately $29,000. Financial Life Planners acquired a new position in shares of Houlihan Lokey during the 4th quarter worth approximately $33,000. Golden State Wealth Management LLC bought a new stake in Houlihan Lokey in the 4th quarter valued at $53,000. VisionPoint Advisory Group LLC acquired a new stake in Houlihan Lokey during the 4th quarter valued at $62,000. Finally, First Horizon Advisors Inc. boosted its position in Houlihan Lokey by 81.5% during the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the period. 78.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HLI. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. UBS Group raised their price objective on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a research report on Wednesday, January 29th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Tuesday, February 25th. Wells Fargo & Company upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and lowered their target price for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Finally, Morgan Stanley upgraded Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the company from $201.00 to $190.00 in a research note on Thursday, March 13th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $192.00.

Houlihan Lokey Trading Up 1.6 %

Shares of HLI stock opened at $161.50 on Tuesday. The stock has a market cap of $11.33 billion, a P/E ratio of 30.82 and a beta of 0.72. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The stock has a 50 day simple moving average of $173.82 and a 200 day simple moving average of $172.10.

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, beating 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%. Analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a yield of 1.41%. Houlihan Lokey’s payout ratio is 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.