Whittier Trust Co. of Nevada Inc. Grows Position in Houlihan Lokey, Inc. (NYSE:HLI)

Whittier Trust Co. of Nevada Inc. raised its position in Houlihan Lokey, Inc. (NYSE:HLI) by 4.4% during the third quarter, HoldingsChannel.com reports. The firm owned 33,265 shares of the financial services provider’s stock after purchasing an additional 1,394 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Houlihan Lokey were worth $5,256,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Houlihan Lokey by 0.6% in the first quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after buying an additional 29,843 shares during the period. Earnest Partners LLC grew its position in Houlihan Lokey by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock valued at $441,507,000 after acquiring an additional 62,314 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in Houlihan Lokey by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider’s stock worth $416,434,000 after purchasing an additional 38,155 shares during the period. Sei Investments Co. lifted its position in shares of Houlihan Lokey by 6.2% during the second quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock worth $104,697,000 after purchasing an additional 45,205 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake in shares of Houlihan Lokey by 1.2% during the second quarter. Bank of New York Mellon Corp now owns 517,952 shares of the financial services provider’s stock valued at $69,851,000 after purchasing an additional 6,291 shares during the period. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on HLI shares. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research note on Thursday, September 12th. They issued an “underweight” rating and a $149.00 price target on the stock. JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. UBS Group boosted their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 price objective (up from $139.00) on shares of Houlihan Lokey in a report on Wednesday, July 31st. Finally, Morgan Stanley upped their target price on Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, Houlihan Lokey has a consensus rating of “Hold” and an average target price of $157.00.

Insiders Place Their Bets

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the transaction, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Chairman Scott L. Beiser sold 8,317 shares of the business’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $151.89, for a total transaction of $1,263,269.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total value of $33,616.00. Following the sale, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,917 shares of company stock valued at $1,513,129. Insiders own 25.97% of the company’s stock.

Houlihan Lokey Stock Performance

NYSE HLI opened at $172.29 on Tuesday. Houlihan Lokey, Inc. has a 52-week low of $94.67 and a 52-week high of $175.21. The firm’s 50 day moving average price is $157.54 and its 200-day moving average price is $142.98. The company has a market cap of $11.82 billion, a PE ratio of 41.92 and a beta of 0.66.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.22. The firm had revenue of $514.00 million for the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. The company’s quarterly revenue was up 23.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.89 EPS. On average, analysts forecast that Houlihan Lokey, Inc. will post 5.64 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Sunday, September 15th. Stockholders of record on Tuesday, September 3rd were issued a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $2.28 annualized dividend and a dividend yield of 1.32%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 55.47%.

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.