Voya Investment Management LLC Sells 7,726 Shares of Houlihan Lokey, Inc. $HLI

Voya Investment Management LLC decreased its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 54.7% in the third quarter, HoldingsChannel reports. The fund owned 6,392 shares of the financial services provider’s stock after selling 7,726 shares during the quarter. Voya Investment Management LLC’s holdings in Houlihan Lokey were worth $1,312,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Trust Co. of Toledo NA OH purchased a new position in Houlihan Lokey during the second quarter valued at $34,000. Strategic Wealth Investment Group LLC purchased a new stake in Houlihan Lokey in the second quarter worth about $39,000. MAI Capital Management raised its stake in shares of Houlihan Lokey by 268.0% in the second quarter. MAI Capital Management now owns 368 shares of the financial services provider’s stock worth $66,000 after buying an additional 268 shares during the period. Quarry LP purchased a new position in shares of Houlihan Lokey during the 1st quarter valued at about $91,000. Finally, Penserra Capital Management LLC bought a new position in shares of Houlihan Lokey during the 2nd quarter valued at approximately $137,000. 78.07% of the stock is currently owned by hedge funds and other institutional investors.

Houlihan Lokey Stock Performance

Shares of NYSE:HLI opened at $177.12 on Tuesday. The firm has a market cap of $12.41 billion, a price-to-earnings ratio of 28.57 and a beta of 0.95. The firm has a fifty day moving average price of $180.79 and a 200 day moving average price of $188.75. Houlihan Lokey, Inc. has a fifty-two week low of $137.99 and a fifty-two week high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its quarterly earnings results on Thursday, October 30th. The financial services provider reported $1.84 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.69 by $0.15. The company had revenue of $659.45 million for the quarter, compared to the consensus estimate of $639.08 million. Houlihan Lokey had a net margin of 16.62% and a return on equity of 24.17%. Houlihan Lokey’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.46 EPS. As a group, research analysts predict that Houlihan Lokey, Inc. will post 5.98 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 1st were given a $0.60 dividend. This represents a $2.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date was Monday, December 1st. Houlihan Lokey’s payout ratio is currently 38.71%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their price target on shares of Houlihan Lokey from $230.00 to $228.00 and set an “outperform” rating on the stock in a report on Wednesday, December 17th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Houlihan Lokey in a research report on Thursday, October 9th. They set a “hold” rating and a $210.00 price objective on the stock. Weiss Ratings restated a “buy (b-)” rating on shares of Houlihan Lokey in a research note on Monday, December 22nd. UBS Group began coverage on shares of Houlihan Lokey in a report on Thursday, December 11th. They issued a “neutral” rating and a $193.00 target price for the company. Finally, BMO Capital Markets assumed coverage on Houlihan Lokey in a research note on Friday, October 3rd. They issued an “outperform” rating and a $230.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $207.43.

Houlihan Lokey 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.