Houlihan Lokey, Inc. (NYSE:HLI) Receives $209.17 Average Price Target from Brokerages

Houlihan Lokey, Inc. (NYSE:HLI) has earned a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $209.1667.

A number of analysts have recently weighed in on the company. UBS Group reissued a “neutral” rating and issued a $196.00 price objective on shares of Houlihan Lokey in a research report on Friday, January 30th. Morgan Stanley decreased their price target on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a research note on Tuesday, January 6th. BMO Capital Markets boosted their price target on Houlihan Lokey from $209.00 to $211.00 and gave the stock an “outperform” rating in a research note on Thursday, January 29th. Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, January 12th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research note on Thursday, January 29th.

Insider Buying and Selling at Houlihan Lokey

In related news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total value of $87,085.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 22.83% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Legato Capital Management LLC purchased a new stake in Houlihan Lokey in the fourth quarter valued at $305,000. Global Retirement Partners LLC lifted its holdings in shares of Houlihan Lokey by 23.3% in the 4th quarter. Global Retirement Partners LLC now owns 1,741 shares of the financial services provider’s stock valued at $303,000 after buying an additional 329 shares during the period. IFP Advisors Inc boosted its stake in shares of Houlihan Lokey by 4.4% in the fourth quarter. IFP Advisors Inc now owns 1,694 shares of the financial services provider’s stock worth $295,000 after buying an additional 72 shares during the last quarter. Intrust Bank NA grew its holdings in Houlihan Lokey by 9.3% during the fourth quarter. Intrust Bank NA now owns 6,512 shares of the financial services provider’s stock worth $1,134,000 after acquiring an additional 556 shares during the period. Finally, Fideuram Intesa Sanpaolo Private Banking S.P.A. acquired a new stake in Houlihan Lokey during the fourth quarter worth about $1,942,000. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $172.66 on Friday. The company’s 50-day simple moving average is $178.75 and its 200-day simple moving average is $187.80. Houlihan Lokey has a fifty-two week low of $137.99 and a fifty-two week high of $211.78. The stock has a market capitalization of $12.10 billion, a P/E ratio of 26.52 and a beta of 0.94.

Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Wednesday, January 28th. The financial services provider reported $1.94 EPS for the quarter, topping the consensus estimate of $1.85 by $0.09. The firm had revenue of $717.07 million during the quarter, compared to analyst estimates of $696.72 million. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. Houlihan Lokey’s revenue was up 13.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.64 EPS. On average, research analysts forecast that Houlihan Lokey will post 5.98 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, March 15th. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.60 per share. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Monday, March 2nd. Houlihan Lokey’s payout ratio is presently 36.87%.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.