Houlihan Lokey Inc (HLI) Stake Lowered by Prudential Financial Inc.

Prudential Financial Inc. decreased its position in shares of Houlihan Lokey Inc (NYSE:HLI) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 142,061 shares of the financial services provider’s stock after selling 2,612 shares during the quarter. Prudential Financial Inc. owned 0.22% of Houlihan Lokey worth $5,228,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of HLI. Bank of Montreal Can boosted its holdings in Houlihan Lokey by 0.8% in the fourth quarter. Bank of Montreal Can now owns 33,014 shares of the financial services provider’s stock worth $1,215,000 after purchasing an additional 269 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Houlihan Lokey by 3.8% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,364 shares of the financial services provider’s stock worth $271,000 after purchasing an additional 270 shares during the last quarter. Legal & General Group Plc boosted its holdings in Houlihan Lokey by 13.9% in the third quarter. Legal & General Group Plc now owns 5,308 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 646 shares during the last quarter. Brookstone Capital Management boosted its holdings in Houlihan Lokey by 13.4% in the fourth quarter. Brookstone Capital Management now owns 6,478 shares of the financial services provider’s stock worth $238,000 after purchasing an additional 766 shares during the last quarter. Finally, Meeder Asset Management Inc. boosted its holdings in Houlihan Lokey by 112.0% in the fourth quarter. Meeder Asset Management Inc. now owns 2,109 shares of the financial services provider’s stock worth $78,000 after purchasing an additional 1,114 shares during the last quarter. Hedge funds and other institutional investors own 53.00% of the company’s stock.

Get Houlihan Lokey alerts:

Several equities research analysts recently issued reports on HLI shares. Bank of America upgraded shares of Houlihan Lokey from a “neutral” rating to a “buy” rating and raised their target price for the stock from $46.00 to $47.00 in a report on Wednesday, January 9th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $47.00 target price on shares of Houlihan Lokey in a report on Friday, January 4th. Finally, Zacks Investment Research cut shares of Houlihan Lokey from a “hold” rating to a “sell” rating in a report on Friday, January 11th. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Houlihan Lokey currently has a consensus rating of “Buy” and a consensus target price of $50.00.

In other news, CFO J Lindsey Alley sold 8,000 shares of Houlihan Lokey stock in a transaction on Friday, February 1st. The shares were sold at an average price of $44.27, for a total transaction of $354,160.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, General Counsel Christopher M. Crain sold 1,000 shares of Houlihan Lokey stock in a transaction on Thursday, January 31st. The stock was sold at an average price of $44.08, for a total transaction of $44,080.00. The disclosure for this sale can be found here. Company insiders own 80.50% of the company’s stock.

Shares of HLI stock opened at $45.57 on Tuesday. Houlihan Lokey Inc has a 12-month low of $34.31 and a 12-month high of $53.20. The company has a debt-to-equity ratio of 0.01, a quick ratio of 0.95 and a current ratio of 0.95. The company has a market capitalization of $2.93 billion, a P/E ratio of 19.07, a P/E/G ratio of 1.41 and a beta of 1.03.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings results on Tuesday, January 29th. The financial services provider reported $0.77 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.70 by $0.07. The business had revenue of $298.01 million for the quarter, compared to analysts’ expectations of $250.82 million. Houlihan Lokey had a net margin of 14.63% and a return on equity of 21.01%. As a group, equities analysts predict that Houlihan Lokey Inc will post 2.7 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Stockholders of record on Monday, March 4th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, March 1st. Houlihan Lokey’s dividend payout ratio is presently 45.19%.

WARNING: This story was originally reported by Ticker Report and is owned by of Ticker Report. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.tickerreport.com/banking-finance/4215586/houlihan-lokey-inc-hli-stake-lowered-by-prudential-financial-inc.html.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc, an investment banking company, provides merger and acquisition (M&A), financing, financial restructuring, and financial advisory services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring, and Financial Advisory Services. The Corporate Finance segment offers general financial advisory services; and advises public and private institutions on buy-side and sell-side transactions, leveraged loans, private mezzanine debt, high-yield debt, initial public offerings, follow-ons, convertibles, equity private placements, private equity, and liability management transactions, as well as financial sponsors on various transactions.

Featured Story: How does inflation affect different investments?