Principal Financial Group Inc. Maintains Position in Houlihan Lokey, Inc. (HLI)
Principal Financial Group Inc. continued to hold its position in shares of Houlihan Lokey, Inc. (NYSE:HLI) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 206,900 shares of the financial services provider’s stock at the end of the first quarter. Principal Financial Group Inc. owned 0.31% of Houlihan Lokey worth $7,128,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in HLI. Victory Capital Management Inc. increased its position in shares of Houlihan Lokey by 9.1% in the first quarter. Victory Capital Management Inc. now owns 4,590 shares of the financial services provider’s stock worth $158,000 after buying an additional 381 shares in the last quarter. O Shaughnessy Asset Management LLC purchased a new position in Houlihan Lokey during the first quarter worth $182,000. American International Group Inc. increased its position in Houlihan Lokey by 7.1% in the first quarter. American International Group Inc. now owns 7,512 shares of the financial services provider’s stock worth $259,000 after buying an additional 497 shares during the period. Strs Ohio increased its position in Houlihan Lokey by 232.4% in the first quarter. Strs Ohio now owns 22,600 shares of the financial services provider’s stock worth $778,000 after buying an additional 15,800 shares during the period. Finally, Teachers Advisors LLC increased its position in Houlihan Lokey by 31.2% in the fourth quarter. Teachers Advisors LLC now owns 25,242 shares of the financial services provider’s stock worth $786,000 after buying an additional 6,000 shares during the period. 32.12% of the stock is currently owned by institutional investors.
Houlihan Lokey, Inc. (NYSE:HLI) traded down 0.93% during trading on Monday, hitting $36.05. The stock had a trading volume of 100,764 shares. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 18.69 and a beta of 0.31. The company has a 50-day moving average price of $35.93 and a 200-day moving average price of $33.64. Houlihan Lokey, Inc. has a 52-week low of $23.19 and a 52-week high of $39.68.
Houlihan Lokey (NYSE:HLI) last released its quarterly earnings results on Tuesday, July 25th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.06. The business had revenue of $217 million for the quarter, compared to the consensus estimate of $203.21 million. Houlihan Lokey had a net margin of 14.10% and a return on equity of 18.94%. The business’s revenue was up 19.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.35 EPS. Equities research analysts forecast that Houlihan Lokey, Inc. will post $2.05 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.22%. The ex-dividend date of this dividend is Wednesday, August 30th. Houlihan Lokey’s dividend payout ratio (DPR) is 41.67%.
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HLI has been the topic of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $38.00 price target on shares of Houlihan Lokey in a research note on Wednesday, June 14th. UBS AG reissued a “buy” rating and issued a $42.00 price objective (up from $40.00) on shares of Houlihan Lokey in a research note on Wednesday, July 26th. BidaskClub downgraded Houlihan Lokey from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Zacks Investment Research raised Houlihan Lokey from a “sell” rating to a “hold” rating and set a $41.00 target price for the company in a report on Wednesday, July 12th. Finally, Bank of America Corporation lowered Houlihan Lokey from a “buy” rating to a “neutral” rating and upped their target price for the company from $36.00 to $38.00 in a report on Thursday, May 11th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Houlihan Lokey presently has a consensus rating of “Buy” and an average price target of $39.40.
Houlihan Lokey Company Profile
Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), financings, financial restructurings and financial advisory services. The Company operates through three segments: Corporate Finance, Financial Restructuring and Financial Advisory Services. The Company serves a set of clients across the world, including corporations, financial sponsors and government agencies.
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