Houlihan Lokey (NYSE:HLI) Price Target Cut to $210.00 by Analysts at The Goldman Sachs Group

Houlihan Lokey (NYSE:HLI) had its price target decreased by equities researchers at The Goldman Sachs Group from $243.00 to $210.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the financial services provider’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 48.14% from the stock’s previous close.

A number of other equities research analysts also recently commented on the company. Morgan Stanley decreased their target price on Houlihan Lokey from $216.00 to $215.00 and set an “overweight” rating for the company in a report on Tuesday, January 6th. Keefe, Bruyette & Woods cut their price objective on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. BMO Capital Markets lifted their price target on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research note on Thursday, January 29th. UBS Group restated a “neutral” rating and set a $196.00 price objective on shares of Houlihan Lokey in a research report on Friday, January 30th. Finally, Weiss Ratings lowered shares of Houlihan Lokey from a “buy (b-)” rating to a “hold (c+)” rating in a report on Monday. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Houlihan Lokey presently has an average rating of “Moderate Buy” and a consensus price target of $209.29.

Houlihan Lokey Stock Down 3.2%

HLI traded down $4.62 on Thursday, reaching $141.76. 257,714 shares of the company traded hands, compared to its average volume of 556,815. Houlihan Lokey has a one year low of $137.99 and a one year high of $211.78. The company has a market cap of $9.89 billion, a P/E ratio of 21.79 and a beta of 0.95. The firm has a fifty day simple moving average of $172.00 and a two-hundred day simple moving average of $182.97.

Houlihan Lokey (NYSE:HLI) last issued its quarterly earnings data on Thursday, January 29th. The financial services provider reported $1.94 EPS for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a net margin of 16.91% and a return on equity of 24.46%. The firm’s revenue was up 13.0% on a year-over-year basis. During the same period in the prior year, the business earned $1.64 earnings per share. On average, equities analysts forecast that Houlihan Lokey will post 5.98 earnings per share for the current year.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the company’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $174.17, for a total transaction of $87,085.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Robert A. Schriesheim sold 5,000 shares of the firm’s stock in a transaction on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the transaction, the director owned 27,982 shares of the company’s stock, valued at approximately $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 22.83% of the stock is owned by insiders.

Institutional Trading of Houlihan Lokey

Several hedge funds have recently modified their holdings of the stock. Royal Bank of Canada increased its stake in shares of Houlihan Lokey by 362.1% during the fourth quarter. Royal Bank of Canada now owns 1,703,369 shares of the financial services provider’s stock worth $296,706,000 after buying an additional 1,334,769 shares during the period. Bank of Montreal Can grew its holdings in Houlihan Lokey by 2,723.2% during the 4th quarter. Bank of Montreal Can now owns 1,199,459 shares of the financial services provider’s stock worth $208,934,000 after acquiring an additional 1,156,973 shares in the last quarter. Mayflower Financial Advisors LLC purchased a new stake in shares of Houlihan Lokey in the 3rd quarter valued at approximately $230,335,000. Norges Bank acquired a new stake in shares of Houlihan Lokey in the 2nd quarter valued at $126,723,000. Finally, Champlain Investment Partners LLC raised its holdings in shares of Houlihan Lokey by 194.9% in the 2nd quarter. Champlain Investment Partners LLC now owns 546,340 shares of the financial services provider’s stock valued at $98,314,000 after purchasing an additional 361,085 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors and hedge funds.

Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global investment bank and financial services firm founded in 1972 and headquartered in Los Angeles, California. The company specializes in advisory services across a broad range of transaction types and financial matters. Since its founding, Houlihan Lokey has grown to serve corporations, financial sponsors, and government entities worldwide, providing expertise in complex and high-stakes engagements.

The firm’s core service offerings include mergers and acquisitions advisory, capital markets advisory, financial restructuring and distressed M&A, and valuation and fairness opinions.