JPMorgan Chase & Co. Has $28.83 Million Stock Holdings in Houlihan Lokey, Inc. $HLI

JPMorgan Chase & Co. decreased its position in Houlihan Lokey, Inc. (NYSE:HLI) by 20.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 160,212 shares of the financial services provider’s stock after selling 41,578 shares during the period. JPMorgan Chase & Co. owned approximately 0.23% of Houlihan Lokey worth $28,830,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HLI. Trust Co. of Toledo NA OH acquired a new position in Houlihan Lokey in the second quarter valued at about $34,000. Brooklyn Investment Group acquired a new position in shares of Houlihan Lokey in the 1st quarter valued at approximately $33,000. Caitong International Asset Management Co. Ltd increased its stake in Houlihan Lokey by 3,714.3% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 260 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in Houlihan Lokey during the 1st quarter worth approximately $81,000. Finally, Quarry LP bought a new position in Houlihan Lokey in the first quarter valued at approximately $91,000. Institutional investors and hedge funds own 78.07% of the company’s stock.

Insiders Place Their Bets

In related news, Chairman Irwin Gold sold 6,811 shares of the business’s stock in a transaction on Tuesday, September 16th. The shares were sold at an average price of $202.75, for a total transaction of $1,380,930.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 22.83% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on HLI shares. Keefe, Bruyette & Woods lowered their price objective on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating for the company in a research report on Monday, October 13th. Zacks Research cut Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a report on Monday, September 29th. Deutsche Bank Aktiengesellschaft initiated coverage on Houlihan Lokey in a report on Thursday, October 9th. They issued a “hold” rating and a $210.00 price target on the stock. Morgan Stanley upped their price objective on Houlihan Lokey from $192.00 to $213.00 and gave the stock an “overweight” rating in a research report on Monday, September 8th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Houlihan Lokey in a research report on Monday. One equities research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and an average price target of $212.43.

Houlihan Lokey Price Performance

Shares of NYSE HLI opened at $174.89 on Wednesday. The business has a 50-day moving average of $188.04 and a 200-day moving average of $188.36. The stock has a market capitalization of $12.25 billion, a price-to-earnings ratio of 29.44 and a beta of 0.88. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 EPS for the quarter, beating the consensus estimate of $1.69 by $0.15. The firm had revenue of $659.45 million during the quarter, compared to analysts’ expectations of $639.08 million. Houlihan Lokey had a return on equity of 23.75% and a net margin of 16.46%.The business’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.46 earnings per share. On average, sell-side analysts expect that Houlihan Lokey, Inc. will post 5.98 EPS for the current year.

Houlihan Lokey Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 15th. Investors of record on Monday, December 1st will be paid a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 annualized dividend and a dividend yield of 1.4%. Houlihan Lokey’s dividend payout ratio (DPR) is currently 38.71%.

Houlihan Lokey Company Profile

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.