Mather Group LLC. Acquires 116 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Mather Group LLC. raised its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 24.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 584 shares of the financial services provider’s stock after purchasing an additional 116 shares during the quarter. Mather Group LLC.’s holdings in Houlihan Lokey were worth $101,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Barclays PLC raised its stake in Houlihan Lokey by 21.4% in the third quarter. Barclays PLC now owns 36,821 shares of the financial services provider’s stock valued at $5,818,000 after buying an additional 6,483 shares during the period. Natixis Advisors LLC raised its stake in Houlihan Lokey by 2.5% in the third quarter. Natixis Advisors LLC now owns 399,388 shares of the financial services provider’s stock valued at $63,111,000 after buying an additional 9,768 shares during the period. State Street Corp raised its stake in Houlihan Lokey by 1.3% in the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock valued at $255,276,000 after buying an additional 21,106 shares during the period. Gunderson Capital Management Inc. bought a new stake in Houlihan Lokey in the fourth quarter valued at approximately $5,133,000. Finally, Assetmark Inc. raised its stake in Houlihan Lokey by 2,482.4% in the third quarter. Assetmark Inc. now owns 9,813 shares of the financial services provider’s stock valued at $1,551,000 after buying an additional 9,433 shares during the period. Institutional investors own 78.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on HLI shares. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. StockNews.com lowered Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. lowered their target price on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 29th. Morgan Stanley increased their target price on Houlihan Lokey from $200.00 to $201.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Finally, Wells Fargo & Company increased their target price on Houlihan Lokey from $178.00 to $180.00 and gave the stock an “underweight” rating in a research note on Wednesday, January 29th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, Houlihan Lokey has an average rating of “Hold” and a consensus target price of $194.40.

Houlihan Lokey Price Performance

Shares of NYSE:HLI opened at $185.04 on Friday. The company has a market capitalization of $12.86 billion, a P/E ratio of 35.31 and a beta of 0.69. Houlihan Lokey, Inc. has a 1 year low of $121.81 and a 1 year high of $192.10. The business’s 50 day simple moving average is $178.22 and its 200 day simple moving average is $168.33.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a return on equity of 20.04% and a net margin of 16.00%. On average, sell-side analysts anticipate that Houlihan Lokey, Inc. will post 5.91 EPS for the current fiscal year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is presently 43.51%.

About Houlihan Lokey

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.