Houlihan Lokey (NYSE:HLI) Price Target Raised to $172.00 at Keefe, Bruyette & Woods

Houlihan Lokey (NYSE:HLI) had its price target hoisted by investment analysts at Keefe, Bruyette & Woods from $171.00 to $172.00 in a report issued on Friday,Benzinga reports. The firm presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential downside of 0.43% from the company’s previous close.

A number of other equities research analysts have also recently issued reports on HLI. Morgan Stanley cut Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their target price for the company from $171.00 to $200.00 in a research note on Monday, December 9th. Wells Fargo & Company boosted their target price on shares of Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research note on Thursday, December 12th. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, UBS Group upped their price objective on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a report on Tuesday, October 8th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $174.20.

Houlihan Lokey Stock Up 1.1 %

HLI opened at $172.74 on Friday. The company’s 50-day moving average price is $178.84 and its 200 day moving average price is $157.76. Houlihan Lokey has a fifty-two week low of $112.17 and a fifty-two week high of $192.10. The firm has a market cap of $12.01 billion, a price-to-earnings ratio of 35.33 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last announced its quarterly 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 return on equity of 19.29% and a net margin of 15.77%. The business had revenue of $574.96 million for the quarter, compared to analysts’ expectations of $537.93 million. During the same period in the prior year, the firm earned $1.11 EPS. The business’s quarterly revenue was up 23.1% on a year-over-year basis. Research analysts anticipate that Houlihan Lokey will post 5.74 earnings per share for the current year.

Insider Activity at Houlihan Lokey

In other news, Director Gillian Beth Zucker sold 200 shares of the business’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now owns 6,601 shares in the company, valued at $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 23.68% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Houlihan Lokey

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HLI. Strategic Wealth Investment Group LLC raised its stake in Houlihan Lokey by 0.8% during the 3rd quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after purchasing an additional 62 shares during the period. UMB Bank n.a. grew its holdings in shares of Houlihan Lokey by 12.6% during the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock valued at $135,000 after buying an additional 96 shares in the last quarter. New York State Teachers Retirement System raised its position in Houlihan Lokey by 0.6% during the third quarter. New York State Teachers Retirement System now owns 17,238 shares of the financial services provider’s stock valued at $2,724,000 after buying an additional 100 shares during the period. Pathstone Holdings LLC lifted its stake in Houlihan Lokey by 0.5% in the 3rd quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock worth $3,443,000 after acquiring an additional 115 shares in the last quarter. Finally, Crewe Advisors LLC boosted its position in Houlihan Lokey by 264.5% during the 2nd quarter. Crewe Advisors LLC now owns 226 shares of the financial services provider’s stock worth $30,000 after acquiring an additional 164 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

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.