Houlihan Lokey (HLI) Price Target Increased to $52.00 by Analysts at Bank of America

Houlihan Lokey (NYSE:HLI) had its price objective raised by Bank of America from $50.00 to $52.00 in a research note published on Tuesday. Bank of America currently has a neutral rating on the financial services provider’s stock.

HLI has been the topic of several other reports. UBS Group increased their target price on shares of Houlihan Lokey from $44.00 to $47.00 and gave the stock a buy rating in a research report on Wednesday, October 25th. Zacks Investment Research raised shares of Houlihan Lokey from a hold rating to a strong-buy rating and set a $52.00 target price on the stock in a research report on Monday, December 25th. Finally, Keefe, Bruyette & Woods reissued a buy rating and set a $52.00 target price on shares of Houlihan Lokey in a research report on Thursday, January 11th. One research analyst has rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $47.50.

Shares of Houlihan Lokey (NYSE:HLI) opened at $47.34 on Tuesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.02. Houlihan Lokey has a 1-year low of $29.51 and a 1-year high of $52.81. The stock has a market capitalization of $3,180.33, a price-to-earnings ratio of 20.64, a P/E/G ratio of 1.16 and a beta of 0.42.

Houlihan Lokey (NYSE:HLI) last posted its earnings results on Monday, January 29th. The financial services provider reported $0.69 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.61 by $0.08. The firm had revenue of $258.90 million for the quarter, compared to the consensus estimate of $240.98 million. Houlihan Lokey had a net margin of 17.25% and a return on equity of 20.47%. The business’s quarterly revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.57 earnings per share. analysts predict that Houlihan Lokey will post 2.32 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Friday, March 2nd will be given a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend is Thursday, March 1st. Houlihan Lokey’s payout ratio is 31.62%.

A number of institutional investors have recently bought and sold shares of the business. Legal & General Group Plc increased its position in Houlihan Lokey by 12.3% during the second quarter. Legal & General Group Plc now owns 5,198 shares of the financial services provider’s stock worth $182,000 after buying an additional 570 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of Houlihan Lokey by 122.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,300 shares of the financial services provider’s stock valued at $150,000 after purchasing an additional 2,371 shares during the last quarter. Advisor Group Inc. grew its position in shares of Houlihan Lokey by 2,125.0% in the third quarter. Advisor Group Inc. now owns 2,848 shares of the financial services provider’s stock valued at $112,000 after purchasing an additional 2,720 shares during the last quarter. American International Group Inc. grew its position in shares of Houlihan Lokey by 20.3% in the third quarter. American International Group Inc. now owns 16,580 shares of the financial services provider’s stock valued at $649,000 after purchasing an additional 2,799 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in shares of Houlihan Lokey by 3.2% in the second quarter. Bank of New York Mellon Corp now owns 137,759 shares of the financial services provider’s stock valued at $4,808,000 after purchasing an additional 4,238 shares during the last quarter. 35.20% of the stock is currently owned by hedge funds and other institutional investors.

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Houlihan Lokey Company Profile

Houlihan Lokey, Inc is a global independent investment bank that focuses on mergers and acquisitions (M&A), capital markets, financial restructuring, valuation, and strategic consulting. The Company operates through four segments: Corporate Finance, Financial Restructuring, Financial Advisory Services and Strategic Consulting.

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