Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. cut its stake in Houlihan Lokey, Inc. (NYSE:HLI) by 19.2% during the 3rd quarter, HoldingsChannel reports. The fund owned 10,053 shares of the financial services provider’s stock after selling 2,386 shares during the period. Rockefeller Capital Management L.P.’s holdings in Houlihan Lokey were worth $1,589,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in HLI. Earnest Partners LLC increased its position in shares of 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 worth $441,507,000 after purchasing an additional 62,314 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its holdings 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 valued at $416,434,000 after buying an additional 38,155 shares during the last quarter. Sei Investments Co. raised its stake in Houlihan Lokey by 6.2% during the second quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock valued at $104,697,000 after buying an additional 45,205 shares in the last quarter. Eagle Asset Management Inc. lifted its holdings in Houlihan Lokey by 23.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 693,109 shares of the financial services provider’s stock worth $109,525,000 after buying an additional 132,516 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in shares of Houlihan Lokey by 33.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 601,025 shares of the financial services provider’s stock worth $94,974,000 after acquiring an additional 149,114 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Down 0.5 %

Shares of NYSE:HLI opened at $184.30 on Friday. The company’s 50-day moving average price is $175.99 and its 200 day moving average price is $155.23. The company has a market cap of $12.81 billion, a PE ratio of 37.69 and a beta of 0.67. Houlihan Lokey, Inc. has a fifty-two week low of $112.17 and a fifty-two week high of $192.10.

Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The company had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same quarter in the previous year, the company posted $1.11 earnings per share. The business’s revenue for the quarter was up 23.1% compared to the same quarter last year. As a group, equities analysts anticipate that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Announces Dividend

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

Analyst Ratings Changes

HLI has been the topic of several research reports. Wells Fargo & Company began coverage on Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 price target on the stock. Morgan Stanley increased their target price on shares of Houlihan Lokey from $146.00 to $163.00 and gave the stock an “equal weight” rating in a report on Monday, September 23rd. UBS Group lifted their price target on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Finally, StockNews.com lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $157.00.

Insider Activity

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction that occurred on Friday, September 13th. The shares were sold at an average price of $152.28, for a total value of $30,456.00. Following the completion of the transaction, the director now directly owns 6,801 shares in the company, valued at $1,035,656.28. This trade represents a 2.86 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 23.68% of the company’s stock.

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.