Public Employees Retirement Association Of Colorado has $23.69M stock position in Houlihan Lokey, Inc. (NYSE:HLI)

Public Employees Retirement Association Of Colorado trimmed its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI – Free Report) by 0.2% during the second quarter, Holdings Channel reports. The firm owned 175,646 shares of the financial services provider’s stock after selling 285 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Houlihan Lokey were worth $23,688,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Houlihan Lokey in the fourth quarter valued at $70,225,000. Capital International Investors boosted its stake in Houlihan Lokey by 56.7% during the fourth quarter. Capital International Investors now owns 792,073 shares of the financial services provider’s stock worth $94,977,000 after purchasing an additional 286,746 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Houlihan Lokey by 39.1% in the fourth quarter. Sei Investments Co. now owns 693,248 shares of the financial services provider’s stock worth $83,128,000 after purchasing an additional 194,867 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of Houlihan Lokey by 87.2% in the first quarter. Jennison Associates LLC now owns 347,165 shares of the financial services provider’s stock worth $44,503,000 after purchasing an additional 161,753 shares in the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Houlihan Lokey by 2.9% in the fourth quarter. Vanguard Group Inc. now owns 5,074,300 shares of the financial services provider’s stock valued at $608,459,000 after purchasing an additional 143,560 shares during the last quarter. Institutional investors and hedge funds own 78.07% of the company’s shares.

Insider buying and selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the business’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 sale was disclosed in a legal filing with the SEC, which is available on the SEC’s website. In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 1,000 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $155.29, for a total value of $155,290.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC’s website. Also, Chairman Irwin Gold sold 9,902 shares of the business’s stock in a transaction that occurred on Friday, June 28th. The stock was sold at an average price of $135.25, for a total value of $1,339,245.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 19,619 shares of company stock worth $2,818,759. 25.97% of shares are held by corporate insiders.

Analysts on Wall Street are forecasting an increase

A number of equities analysts have issued reports on the company. UBS Group boosted their target price on Houlihan Lokey from $157.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. decreased their price objective on shares of Houlihan Lokey from $132.00 to $129.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company began 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 on the stock. Morgan Stanley cut their price target on shares of Houlihan Lokey from $148.00 to $146.00 and set an “equal weight” rating for the company in a research report on Wednesday. Finally, Keefe, Bruyette & Woods restated a “market perform” rating and set a $154.00 target price (up from $139.00) on shares of Houlihan Lokey in a report on research on Wednesday, July 31. One analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $149.60, according to MarketBeat.com.

Read our latest analysis of HLI

Houlihan Lokey Price Performance

Shares of HLI stock opened at $160.20 on Friday. Houlihan Lokey, Inc. has a one year low of $94.67 and a one year high of $160.89. The company has a market cap of $10.99 billion, a PE ratio of 38.98 and a beta of 0.67. The stock has a 50-day moving average of $150.66 and a 200-day moving average of $137.41.

Houlihan Lokey (NYSE:HLI – Get Your Free Report ) last posted its quarterly earnings results on Tuesday, July 30th. The financial services provider reported $1.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $1.22. The business had revenue of $514.00 million during the quarter, compared to the consensus estimate of $508.70 million. Houlihan Lokey had a net margin of 15.30% and a return on equity of 18.80%. Houlihan Lokey’s revenue was up 23.6% compared to the same quarter last year. In the same quarter last year, the firm posted EPS of $0.89. Analysts expect Houlihan Lokey, Inc. will record 5.64 EPS for the current fiscal year.

Houlihan Lokey announces dividend

The company also recently announced a quarterly dividend, which was paid on Sunday, September 15th. Investors of record on Tuesday, September 3rd were given a dividend of $0.57 per share. The ex-dividend date was Tuesday, September 3rd. This represents an annualized dividend of $2.28 and a dividend yield of 1.42%. Houlihan Lokey’s payout ratio is 55.47%.

Houlihan Lokey profile

(Free Report)

Houlihan Lokey, Inc, an investment banking firm, provides mergers and acquisitions (M&A), capital markets, financial restructuring, and financial advisory and valuation services worldwide. It operates in three segments: Corporate Finance, Financial Restructuring and Financial and Valuation Consulting.

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