Brokerages Set Houlihan Lokey, Inc. (NYSE:HLI) Price Target at $191.29

Houlihan Lokey, Inc. (NYSE:HLI) has been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $191.2857.

Several research analysts have weighed in on the stock. Morgan Stanley decreased their price objective on shares of Houlihan Lokey from $205.00 to $193.00 and set an “overweight” rating for the company in a report on Thursday, April 9th. UBS Group set a $160.00 price target on shares of Houlihan Lokey in a research report on Thursday, May 7th. Zacks Research lowered shares of Houlihan Lokey from a “hold” rating to a “strong sell” rating in a report on Wednesday, May 13th. The Goldman Sachs Group decreased their price target on shares of Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $177.00 to $172.00 and set an “outperform” rating for the company in a report on Thursday, May 7th.

Insider Activity at Houlihan Lokey

In other news, General Counsel Christopher M. Crain sold 500 shares of Houlihan Lokey stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $143.40, for a total value of $71,700.00. Following the completion of the transaction, the general counsel directly owned 500 shares of the company’s stock, valued at approximately $71,700. The trade was a 50.00% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 22.83% of the company’s stock.

Institutional Trading of Houlihan Lokey

Several hedge funds have recently bought and sold shares of the company. Flagship Harbor Advisors LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth about $26,000. Oakworth Capital Inc. bought a new stake in shares of Houlihan Lokey during the 4th quarter worth about $29,000. Westside Investment Management Inc. raised its position in shares of Houlihan Lokey by 64.4% during the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock worth $30,000 after buying an additional 58 shares in the last quarter. Root Financial Partners LLC bought a new stake in shares of Houlihan Lokey during the 3rd quarter worth about $31,000. Finally, Core Wealth Advisors LLC bought a new stake in shares of Houlihan Lokey during the 4th quarter worth about $32,000. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Price Performance

Shares of HLI stock opened at $152.03 on Tuesday. The firm has a market cap of $10.61 billion, a P/E ratio of 24.44, a P/E/G ratio of 1.17 and a beta of 0.99. Houlihan Lokey has a 1-year low of $134.41 and a 1-year high of $211.78. The firm has a fifty day moving average of $148.81 and a two-hundred day moving average of $166.56.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.79 by ($0.16). The company had revenue of $635.64 million for the quarter, compared to analyst estimates of $679.22 million. Houlihan Lokey had a return on equity of 22.88% and a net margin of 16.26%.Houlihan Lokey’s revenue was down 4.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.96 earnings per share. On average, sell-side analysts expect that Houlihan Lokey will post 8.54 EPS for the current year.

Houlihan Lokey Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Monday, June 1st will be issued a $0.70 dividend. This is a boost from Houlihan Lokey’s previous quarterly dividend of $0.60. The ex-dividend date of this dividend is Monday, June 1st. This represents a $2.80 annualized dividend and a dividend yield of 1.8%. Houlihan Lokey’s dividend payout ratio (DPR) is presently 38.59%.

Houlihan Lokey Company 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.