KBC Group NV Has $250,000 Stake in Houlihan Lokey, Inc. $HLI

KBC Group NV reduced its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 39.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,387 shares of the financial services provider’s stock after selling 908 shares during the quarter. KBC Group NV’s holdings in Houlihan Lokey were worth $250,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Motco bought a new stake in Houlihan Lokey during the 1st quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in Houlihan Lokey in the 1st quarter worth approximately $33,000. Trust Co. of Toledo NA OH acquired a new position in shares of Houlihan Lokey during the second quarter worth approximately $34,000. TCTC Holdings LLC lifted its holdings in shares of Houlihan Lokey by 103.5% during the first quarter. TCTC Holdings LLC now owns 232 shares of the financial services provider’s stock worth $37,000 after buying an additional 118 shares during the last quarter. Finally, Caitong International Asset Management Co. Ltd boosted its position in shares of Houlihan Lokey by 3,714.3% in the first quarter. Caitong International Asset Management Co. Ltd now owns 267 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 260 shares during the period. 78.07% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Houlihan Lokey news, Chairman Paul Eric Siegert sold 40,000 shares of the stock in a transaction on Wednesday, August 27th. The stock was sold at an average price of $199.95, for a total transaction of $7,998,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 SEC filing for this sale provides additional information. Insiders sold 47,311 shares of company stock worth $9,477,040 in the last 90 days. 22.83% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts recently issued reports on HLI shares. Wall Street Zen lowered shares of Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Saturday, August 2nd. Keefe, Bruyette & Woods decreased their price target on shares of Houlihan Lokey from $232.00 to $226.00 and set a “moderate buy” rating on the stock in a research report on Monday, October 13th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a report on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective on the stock. Morgan Stanley increased their target price on shares of Houlihan Lokey from $192.00 to $213.00 and gave the company an “overweight” rating in a research note on Monday, September 8th. Finally, Zacks Research downgraded Houlihan Lokey from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat.com, Houlihan Lokey presently has a consensus rating of “Moderate Buy” and an average target price of $212.43.

Houlihan Lokey Stock Performance

NYSE:HLI opened at $173.39 on Wednesday. The company has a 50-day moving average of $194.39 and a 200-day moving average of $188.32. The company has a market capitalization of $12.15 billion, a price-to-earnings ratio of 29.19 and a beta of 0.88. Houlihan Lokey, Inc. has a 52 week low of $137.99 and a 52 week high of $211.78.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. Houlihan Lokey had a net margin of 16.46% and a return on equity of 23.75%. The business had revenue of $659.45 million for the quarter, compared to analysts’ expectations of $639.08 million. During the same quarter in the previous year, the firm posted $1.46 earnings per share. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. 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 announced a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Monday, December 1st will be issued a $0.60 dividend. The ex-dividend date of this dividend is Monday, December 1st. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.4%. Houlihan Lokey’s dividend payout ratio is presently 38.71%.

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.