Houlihan Lokey, Inc. (NYSE:HLI) Shares Sold by Keybank National Association OH

Keybank National Association OH decreased its stake in shares of Houlihan Lokey, Inc. (NYSE:HLIFree Report) by 13.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 3,484 shares of the financial services provider’s stock after selling 549 shares during the period. Keybank National Association OH’s holdings in Houlihan Lokey were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Janiczek Wealth Management LLC bought a new position in Houlihan Lokey in the third quarter worth $30,000. Pinebridge Investments L.P. acquired a new position in Houlihan Lokey during the 2nd quarter worth $52,000. Bessemer Group Inc. lifted its position in Houlihan Lokey by 225.5% during the 2nd quarter. Bessemer Group Inc. now owns 638 shares of the financial services provider’s stock valued at $63,000 after purchasing an additional 442 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Houlihan Lokey by 100.0% during the third quarter. Harel Insurance Investments & Financial Services Ltd. now owns 600 shares of the financial services provider’s stock worth $65,000 after buying an additional 300 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its holdings in Houlihan Lokey by 16.9% in the third quarter. Global Retirement Partners LLC now owns 753 shares of the financial services provider’s stock valued at $79,000 after buying an additional 109 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, CFO J Lindsey Alley sold 10,000 shares of the stock in a transaction dated Thursday, November 30th. The stock was sold at an average price of $107.48, for a total transaction of $1,074,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Houlihan Lokey news, CFO J Lindsey Alley sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 30th. The stock was sold at an average price of $107.48, for a total transaction of $1,074,800.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 1,500 shares of Houlihan Lokey stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $120.12, for a total transaction of $180,180.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 22,500 shares of company stock valued at $2,583,950. 25.97% of the stock is currently owned by corporate insiders.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $125.38 on Friday. The company has a 50 day moving average price of $118.80 and a two-hundred day moving average price of $109.21. The company has a market capitalization of $8.65 billion, a PE ratio of 31.11 and a beta of 0.68. Houlihan Lokey, Inc. has a 52 week low of $83.92 and a 52 week high of $129.22.

Houlihan Lokey (NYSE:HLIGet Free Report) last released its quarterly earnings data on Thursday, February 1st. The financial services provider reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.12 by $0.10. The business had revenue of $511.30 million during the quarter, compared to analysts’ expectations of $493.02 million. Houlihan Lokey had a net margin of 14.90% and a return on equity of 18.06%. The firm’s quarterly revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.14 EPS. On average, sell-side analysts forecast that Houlihan Lokey, Inc. will post 4.32 earnings per share for the current year.

Houlihan Lokey Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 1st will be paid a dividend of $0.55 per share. The ex-dividend date is Thursday, February 29th. This represents a $2.20 dividend on an annualized basis and a yield of 1.75%. Houlihan Lokey’s payout ratio is 54.59%.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating and set a $127.00 target price on shares of Houlihan Lokey in a research report on Monday, January 29th. UBS Group upped their price objective on Houlihan Lokey from $136.00 to $142.00 and gave the company a “buy” rating in a report on Friday, February 2nd.

View Our Latest Analysis on Houlihan Lokey

Houlihan Lokey Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Houlihan Lokey (NYSE:HLI)

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