Commerce Bank Has $714,000 Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Commerce Bank decreased its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.4% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,518 shares of the financial services provider’s stock after selling 109 shares during the quarter. Commerce Bank’s holdings in Houlihan Lokey were worth $714,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of HLI. Earnest Partners LLC increased its holdings in shares of 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 period. Kayne Anderson Rudnick Investment Management LLC increased its stake in Houlihan Lokey by 1.3% during the 2nd 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 acquiring an additional 38,155 shares during the period. Sei Investments Co. increased its stake in Houlihan Lokey by 6.2% during the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock worth $104,697,000 after acquiring an additional 45,205 shares during the period. Bank of New York Mellon Corp raised its holdings in Houlihan Lokey by 1.2% in the 2nd 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 acquiring an additional 6,291 shares in the last quarter. Finally, Millennium Management LLC lifted its position in shares of Houlihan Lokey by 24,074.0% during the 2nd quarter. Millennium Management LLC now owns 501,610 shares of the financial services provider’s stock valued at $67,647,000 after acquiring an additional 499,535 shares during the period. Institutional investors own 78.07% of the company’s stock.

Insider Activity

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction dated Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction 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. The trade was a 2.94 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The disclosure for this sale can be found here. Insiders sold 1,400 shares of company stock valued at $219,362 over the last quarter. 23.68% of the stock is owned by company insiders.

Analysts Set New Price Targets

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

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $190.49 on Tuesday. Houlihan Lokey, Inc. has a one year low of $104.86 and a one year high of $192.10. The company has a market cap of $13.24 billion, a price-to-earnings ratio of 38.96 and a beta of 0.65. The firm has a 50 day simple moving average of $170.99 and a 200 day simple moving average of $152.11.

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, beating analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analysts’ expectations of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Houlihan Lokey’s revenue was up 23.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.11 EPS. As a group, analysts expect that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a dividend yield of 1.20%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s dividend payout ratio (DPR) is currently 46.63%.

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.