Keybank National Association OH Acquires 4,932 Shares of Houlihan Lokey, Inc. $HLI

Keybank National Association OH boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 138.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 8,505 shares of the financial services provider’s stock after purchasing an additional 4,932 shares during the period. Keybank National Association OH’s holdings in Houlihan Lokey were worth $1,481,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HLI. Thrivent Financial for Lutherans increased its stake in Houlihan Lokey by 75.6% in the third quarter. Thrivent Financial for Lutherans now owns 713,494 shares of the financial services provider’s stock valued at $146,495,000 after acquiring an additional 307,214 shares during the period. Qube Research & Technologies Ltd boosted its position in Houlihan Lokey by 153.8% in the second quarter. Qube Research & Technologies Ltd now owns 274,387 shares of the financial services provider’s stock valued at $49,376,000 after buying an additional 166,285 shares in the last quarter. Capital Research Global Investors boosted its position in Houlihan Lokey by 19.7% in the third quarter. Capital Research Global Investors now owns 956,441 shares of the financial services provider’s stock valued at $196,376,000 after buying an additional 157,605 shares in the last quarter. Caisse de depot et placement du Quebec boosted its position in Houlihan Lokey by 411.1% in the third quarter. Caisse de depot et placement du Quebec now owns 170,617 shares of the financial services provider’s stock valued at $35,031,000 after buying an additional 137,237 shares in the last quarter. Finally, Jennison Associates LLC boosted its position in Houlihan Lokey by 25.4% in the third quarter. Jennison Associates LLC now owns 589,093 shares of the financial services provider’s stock valued at $120,953,000 after buying an additional 119,440 shares in the last quarter. Institutional investors own 78.07% of the company’s stock.

Insider Activity at Houlihan Lokey

In related news, Director Robert A. Schriesheim sold 5,000 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of $170.86, for a total value of $854,300.00. Following the transaction, the director directly owned 27,982 shares in the company, valued at $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 500 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total transaction of $71,700.00. Following the completion of the transaction, the general counsel owned 500 shares in the company, valued at $71,700. This represents a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 22.83% of the company’s stock.

Analysts Set New Price Targets

HLI has been the topic of a number of recent analyst reports. BMO Capital Markets boosted their price target on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. The Goldman Sachs Group reduced their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group reduced their price target on shares of Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating on the stock in a research report on Thursday, March 12th. Keefe, Bruyette & Woods reduced their price target on shares of Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating on the stock in a research report on Thursday, January 29th. Finally, Morgan Stanley reduced their price target on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating on the stock in a research report on Thursday, April 9th. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $197.71.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $153.28 on Friday. The company’s 50 day simple moving average is $151.46 and its 200 day simple moving average is $169.87. Houlihan Lokey, Inc. has a fifty-two week low of $134.41 and a fifty-two week high of $211.78. The firm has a market capitalization of $10.70 billion, a P/E ratio of 23.55, a P/E/G ratio of 1.09 and a beta of 0.99.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 earnings per share for the quarter, beating the consensus estimate of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. During the same period last year, the company earned $1.64 EPS. Houlihan Lokey’s revenue for the quarter was up 13.0% on a year-over-year basis. Sell-side analysts expect that Houlihan Lokey, Inc. will post 7.73 EPS for the current fiscal year.

Houlihan Lokey Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.