Houlihan Lokey, Inc. (NYSE:HLI) Receives $194.40 Consensus Price Target from Brokerages

Houlihan Lokey, Inc. (NYSE:HLI) has received a consensus rating of “Reduce” from the six analysts that are covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $194.40.

A number of equities analysts have recently weighed in on the company. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up previously from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Wells Fargo & Company boosted 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. StockNews.com upgraded Houlihan Lokey from a “hold” rating to a “buy” rating in a research note on Thursday, February 13th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Finally, Morgan Stanley boosted 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.

Hedge Funds Weigh In On Houlihan Lokey

Several institutional investors and hedge funds have recently bought and sold shares of HLI. Private Trust Co. NA bought a new position in Houlihan Lokey during the fourth quarter valued at $29,000. Financial Life Planners bought a new position in shares of Houlihan Lokey in the fourth quarter worth $33,000. Golden State Wealth Management LLC bought a new position in shares of Houlihan Lokey in the fourth quarter worth $53,000. VisionPoint Advisory Group LLC bought a new position in shares of Houlihan Lokey in the fourth quarter worth $62,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 198 shares during the period. 78.07% of the stock is owned by institutional investors.

Houlihan Lokey Stock Performance

HLI stock opened at $171.07 on Friday. The company has a market capitalization of $12.00 billion, a P/E ratio of 32.65 and a beta of 0.69. Houlihan Lokey has a 52-week low of $121.81 and a 52-week high of $192.10. The business has a 50-day simple moving average of $177.48 and a two-hundred day simple moving average of $170.69.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share 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%. As a group, sell-side analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current fiscal year.

Houlihan Lokey Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 1.33%. The ex-dividend date of this dividend is Monday, March 3rd. Houlihan Lokey’s dividend payout ratio (DPR) is 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.