Oppenheimer Asset Management Inc. Has $4.62 Million Holdings in Houlihan Lokey, Inc. (NYSE:HLI)

Oppenheimer Asset Management Inc. lifted its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 2.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,213 shares of the financial services provider’s stock after acquiring an additional 690 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Houlihan Lokey were worth $4,616,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its position in Houlihan Lokey by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 5,104,143 shares of the financial services provider’s stock worth $654,300,000 after purchasing an additional 29,843 shares during the last quarter. Janus Henderson Group PLC raised its position in Houlihan Lokey by 27.1% in the 1st quarter. Janus Henderson Group PLC now owns 30,656 shares of the financial services provider’s stock worth $3,927,000 after purchasing an additional 6,535 shares during the last quarter. SG Americas Securities LLC bought a new position in Houlihan Lokey in the 2nd quarter worth approximately $1,844,000. Dynasty Wealth Management LLC bought a new stake in shares of Houlihan Lokey during the 1st quarter valued at $495,000. Finally, Bridges Investment Management Inc. bought a new stake in shares of Houlihan Lokey during the 2nd quarter valued at $619,000. 78.07% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the stock in a transaction dated Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the completion of the transaction, the director now directly owns 6,601 shares in the company, valued at $1,109,496.08. This represents a 2.94 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, General Counsel Christopher M. Crain sold 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total transaction of $155,290.00. The disclosure for this sale can be found here. Insiders sold a total of 1,600 shares of company stock worth $249,860 in the last three months. Insiders own 23.68% of the company’s stock.

Wall Street Analyst Weigh In

HLI has been the subject of several recent research reports. Wells Fargo & Company assumed coverage on shares of Houlihan Lokey in a research report on Thursday, September 12th. They set an “underweight” rating and a $149.00 target price for the company. UBS Group upped their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. StockNews.com upgraded shares of Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $154.00 price objective (up previously from $139.00) on shares of Houlihan Lokey in a research report on Wednesday, July 31st. Finally, JPMorgan Chase & Co. reduced their target price on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, four have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $157.00.

Houlihan Lokey Trading Down 0.0 %

Shares of NYSE HLI opened at $184.05 on Friday. The firm has a market cap of $12.80 billion, a PE ratio of 37.64 and a beta of 0.65. Houlihan Lokey, Inc. has a 1-year low of $102.29 and a 1-year high of $190.66. The company has a fifty day moving average price of $166.88 and a 200 day moving average price of $149.50.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. Houlihan Lokey had a net margin of 15.77% and a return on equity of 19.29%. The firm had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. During the same period in the prior year, the business earned $1.11 EPS. The company’s revenue for the quarter was up 23.1% compared to the same quarter last year. Equities research analysts forecast that Houlihan Lokey, Inc. will post 5.79 EPS for the current year.

Houlihan Lokey Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Stockholders of record on Monday, December 2nd will be paid a dividend of $0.57 per share. The ex-dividend date is Monday, December 2nd. This represents a $2.28 dividend on an annualized basis and a dividend yield of 1.24%. Houlihan Lokey’s dividend payout ratio is 46.63%.

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.