Crossmark Global Holdings Inc. Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Crossmark Global Holdings Inc. lifted its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 25.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,688 shares of the financial services provider’s stock after purchasing an additional 944 shares during the quarter. Crossmark Global Holdings Inc.’s holdings in Houlihan Lokey were worth $741,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of HLI. Millennium Management LLC grew its stake in Houlihan Lokey by 24,074.0% in the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock worth $67,647,000 after buying an additional 499,535 shares in the last quarter. Fiera Capital Corp increased its stake in Houlihan Lokey by 666.8% in the third quarter. Fiera Capital Corp now owns 283,702 shares of the financial services provider’s stock valued at $44,831,000 after acquiring an additional 246,705 shares during the last quarter. PineStone Asset Management Inc. purchased a new stake in Houlihan Lokey during the second quarter valued at about $10,141,000. Earnest Partners LLC lifted its stake in Houlihan Lokey by 1.9% during the second quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock worth $441,507,000 after purchasing an additional 62,314 shares during the last quarter. Finally, New York State Common Retirement Fund boosted its holdings in shares of Houlihan Lokey by 42.0% in the 3rd quarter. New York State Common Retirement Fund now owns 183,976 shares of the financial services provider’s stock worth $29,072,000 after purchasing an additional 54,386 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction on Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the completion of the transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock valued at $249,860 over the last three months. Corporate insiders own 23.68% of the company’s stock.

Wall Street Analysts Forecast Growth

HLI has been the subject of several research reports. Wells Fargo & Company began coverage on Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 target price for the company. StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Tuesday. JPMorgan Chase & Co. dropped their target price on Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Morgan Stanley lifted their price target on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a research note on Monday, September 23rd. Finally, UBS Group raised their target price on shares of Houlihan Lokey from $170.00 to $190.00 and gave the stock a “buy” rating in a report on Tuesday, October 8th. One analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $157.00.

Houlihan Lokey Stock Performance

NYSE HLI opened at $184.05 on Friday. The stock has a market cap of $12.80 billion, a P/E ratio of 37.64 and a beta of 0.65. Houlihan Lokey, Inc. has a fifty-two week low of $102.29 and a fifty-two week high of $190.66. The stock has a 50 day simple moving average of $166.88 and a two-hundred day simple moving average of $149.50.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 EPS for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.79 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Investors of record on Monday, December 2nd will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.24%. The ex-dividend date of this dividend is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio is currently 46.63%.

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.