OneAscent Wealth Management LLC Has $274,000 Stock Position in Houlihan Lokey, Inc. (NYSE:HLI)

OneAscent Wealth Management LLC lessened its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 24.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,579 shares of the financial services provider’s stock after selling 507 shares during the quarter. OneAscent Wealth Management LLC’s holdings in Houlihan Lokey were worth $274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Private Trust Co. NA acquired a new position in shares of Houlihan Lokey in the 4th quarter valued at approximately $29,000. Financial Life Planners bought a new position in Houlihan Lokey in the fourth quarter valued at approximately $33,000. Golden State Wealth Management LLC acquired a new position in Houlihan Lokey during the fourth quarter valued at approximately $53,000. VisionPoint Advisory Group LLC bought a new stake in Houlihan Lokey during the fourth quarter worth $62,000. Finally, Quarry LP acquired a new stake in shares of Houlihan Lokey in the 3rd quarter valued at $76,000. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Keefe, Bruyette & Woods reissued a “market perform” rating and set a $192.00 price target (up previously from $170.00) on shares of Houlihan Lokey in a report on Wednesday, January 29th. UBS Group increased their target price on shares of Houlihan Lokey from $229.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, January 29th. JMP Securities reaffirmed a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and decreased their target price for the stock from $180.00 to $179.00 in a research note on Tuesday, March 11th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $192.00.

Houlihan Lokey Price Performance

NYSE:HLI opened at $157.98 on Friday. Houlihan Lokey, Inc. has a one year low of $122.14 and a one year high of $192.10. The firm’s 50 day simple moving average is $172.13 and its 200 day simple moving average is $172.49. The company has a market cap of $11.08 billion, a PE ratio of 30.15 and a beta of 0.72.

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

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, March 15th. Stockholders of record on Monday, March 3rd were given a dividend of $0.57 per share. The ex-dividend date was Monday, March 3rd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.44%. Houlihan Lokey’s dividend payout ratio (DPR) is 43.51%.

Houlihan Lokey 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.