Schwab Charles Investment Management Inc. boosted its position in Houlihan Lokey Inc (NYSE:HLI) by 8.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 131,146 shares of the financial services provider’s stock after purchasing an additional 10,576 shares during the period. Schwab Charles Investment Management Inc. owned about 0.20% of Houlihan Lokey worth $5,958,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. Advisor Group Inc. boosted its position in Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock worth $112,000 after purchasing an additional 2,720 shares during the last quarter. ETRADE Capital Management LLC purchased a new position in Houlihan Lokey in the third quarter worth about $250,000. California Public Employees Retirement System purchased a new position in Houlihan Lokey in the third quarter worth about $356,000. Public Employees Retirement System of Ohio purchased a new position in Houlihan Lokey in the third quarter worth about $492,000. Finally, Caxton Associates LP purchased a new position in Houlihan Lokey in the third quarter worth about $541,000. 40.66% of the stock is currently owned by institutional investors and hedge funds.
HLI has been the topic of several recent research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $49.00 price objective on shares of Houlihan Lokey in a research note on Friday, December 22nd. Zacks Investment Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 14th. Finally, Bank of America raised their price objective on Houlihan Lokey from $50.00 to $52.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 30th. One equities research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $47.50.
Houlihan Lokey (NYSE:HLI) last posted its quarterly earnings data on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.61 by $0.08. Houlihan Lokey had a return on equity of 20.03% and a net margin of 17.25%. The firm had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. During the same quarter last year, the company earned $0.57 earnings per share. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. research analysts expect that Houlihan Lokey Inc will post 2.32 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Friday, March 2nd will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.65%. The ex-dividend date is Thursday, March 1st. Houlihan Lokey’s dividend payout ratio (DPR) is currently 31.62%.
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Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.
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