Xponance Inc. Buys 360 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Xponance Inc. grew its position in Houlihan Lokey, Inc. (NYSE:HLI) by 5.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,518 shares of the financial services provider’s stock after buying an additional 360 shares during the quarter. Xponance Inc.’s holdings in Houlihan Lokey were worth $1,132,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of HLI. State Street Corp raised its holdings in Houlihan Lokey by 1.3% in the 3rd quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after acquiring an additional 21,106 shares during the period. Geode Capital Management LLC increased its stake in shares of Houlihan Lokey by 2.8% in the third quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Houlihan Lokey during the 4th quarter worth about $143,559,000. Charles Schwab Investment Management Inc. boosted its stake in Houlihan Lokey by 0.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 602,956 shares of the financial services provider’s stock valued at $104,709,000 after purchasing an additional 1,931 shares during the period. Finally, Bank of New York Mellon Corp increased its position in Houlihan Lokey by 1.0% in the 4th quarter. Bank of New York Mellon Corp now owns 486,964 shares of the financial services provider’s stock worth $84,566,000 after buying an additional 4,896 shares during the period. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $162.74 on Monday. The company has a 50-day moving average of $173.11 and a 200-day moving average of $172.34. Houlihan Lokey, Inc. has a 52 week low of $122.14 and a 52 week high of $192.10. The company has a market capitalization of $11.42 billion, a price-to-earnings ratio of 31.06 and a beta of 0.72.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Tuesday, January 28th. The financial services provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.51 by $0.13. Houlihan Lokey had a net margin of 16.00% and a return on equity of 20.04%. Sell-side analysts forecast that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Saturday, March 15th. Investors of record on Monday, March 3rd were paid a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend was Monday, March 3rd. Houlihan Lokey’s dividend payout ratio is 43.51%.

Analyst Upgrades and Downgrades

HLI has been the subject of several research reports. UBS Group increased their price objective on Houlihan Lokey from $229.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, January 29th. Wells Fargo & Company raised shares of Houlihan Lokey from an “underweight” rating to an “overweight” rating and reduced their price target for the company from $180.00 to $179.00 in a report on Tuesday, March 11th. JMP Securities restated a “market perform” rating on shares of Houlihan Lokey in a report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a research note on Wednesday, January 29th. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $192.00 price target (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday, January 29th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $192.00.

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.