MML Investors Services LLC Buys 1,869 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

MML Investors Services LLC raised its stake in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 19,845 shares of the financial services provider’s stock after acquiring an additional 1,869 shares during the quarter. MML Investors Services LLC’s holdings in Houlihan Lokey were worth $3,136,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Strategic Wealth Investment Group LLC raised its holdings in Houlihan Lokey by 0.8% during the third quarter. Strategic Wealth Investment Group LLC now owns 8,103 shares of the financial services provider’s stock valued at $1,293,000 after buying an additional 62 shares in the last quarter. UMB Bank n.a. raised its holdings in 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 holdings 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 in the last quarter. Pathstone Holdings LLC raised its holdings in Houlihan Lokey by 0.5% during the third quarter. Pathstone Holdings LLC now owns 21,787 shares of the financial services provider’s stock valued at $3,443,000 after buying an additional 115 shares in the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. raised its holdings in Houlihan Lokey by 27.7% during the second quarter. Harel Insurance Investments & Financial Services Ltd. now owns 746 shares of the financial services provider’s stock valued at $100,000 after buying an additional 162 shares in the last quarter. 78.07% of the stock is currently owned by institutional investors.

Houlihan Lokey Stock Down 1.4 %

HLI stock opened at $177.53 on Friday. Houlihan Lokey, Inc. has a twelve month low of $112.17 and a twelve month high of $192.10. The company has a market cap of $12.34 billion, a PE ratio of 36.30 and a beta of 0.67. The business’s 50-day simple moving average is $177.92 and its 200 day simple moving average is $156.76.

Houlihan Lokey (NYSE:HLI) last released its 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 the consensus estimate of $537.93 million. During the same period last year, the business earned $1.11 earnings per share. The firm’s revenue for the quarter was up 23.1% compared to the same quarter last year. On average, equities research analysts anticipate that Houlihan Lokey, Inc. will post 5.74 EPS for the current year.

Houlihan Lokey Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, December 15th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 1.28%. The ex-dividend date is Monday, December 2nd. Houlihan Lokey’s payout ratio is 46.63%.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on HLI shares. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Morgan Stanley downgraded Houlihan Lokey from an “equal weight” rating to an “underweight” rating and raised their price target for the company from $171.00 to $200.00 in a research report on Monday, December 9th. UBS Group raised their price target on Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, October 8th. Finally, Wells Fargo & Company raised their price target on Houlihan Lokey from $157.00 to $180.00 and gave the company an “underweight” rating in a research report on Thursday. Two research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $170.60.

Insider Buying and Selling at Houlihan Lokey

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of Houlihan Lokey stock in a transaction that occurred on Monday, October 14th. The stock was sold at an average price of $168.08, for a total transaction of $33,616.00. Following the sale, the director now directly owns 6,601 shares of the company’s stock, valued at approximately $1,109,496.08. The trade was a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 23.68% 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.