Houlihan Lokey (NYSE:HLI) Price Target Raised to $180.00 at Wells Fargo & Company

Houlihan Lokey (NYSE:HLI) had its price target boosted by analysts at Wells Fargo & Company from $157.00 to $180.00 in a report released on Thursday,Benzinga reports. The firm presently has an “underweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 1.45% from the company’s current price.

A number of other research firms also recently commented on HLI. StockNews.com downgraded Houlihan Lokey from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. UBS Group lifted their price objective on shares of Houlihan Lokey from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley lowered shares of Houlihan Lokey from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $171.00 to $200.00 in a research note on Monday, December 9th. 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 company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $170.60.

Houlihan Lokey Trading Down 1.5 %

NYSE HLI opened at $177.42 on Thursday. Houlihan Lokey has a 12-month low of $112.17 and a 12-month high of $192.10. The company has a fifty day simple moving average of $177.92 and a two-hundred day simple moving average of $156.61. The stock has a market cap of $12.33 billion, a P/E ratio of 36.28 and a beta of 0.67.

Houlihan Lokey (NYSE:HLI) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.31 by $0.15. The company had revenue of $574.96 million during the quarter, compared to analyst estimates of $537.93 million. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. The firm’s quarterly revenue was up 23.1% on a year-over-year basis. During the same quarter last year, the business posted $1.11 EPS. As a group, sell-side analysts forecast that Houlihan Lokey will post 5.74 earnings per share for the current year.

Insider Buying and Selling

In other Houlihan Lokey news, Director Gillian Beth Zucker sold 200 shares of the 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 transaction, the director now owns 6,601 shares in the company, valued at approximately $1,109,496.08. This represents a 2.94 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 23.68% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Earnest Partners LLC grew its stake in Houlihan Lokey by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 3,273,818 shares of the financial services provider’s stock valued at $441,507,000 after acquiring an additional 62,314 shares during the period. Kayne Anderson Rudnick Investment Management LLC grew its position in shares of Houlihan Lokey by 1.3% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 3,087,898 shares of the financial services provider’s stock valued at $416,434,000 after purchasing an additional 38,155 shares during the period. State Street Corp increased its stake in shares of Houlihan Lokey by 1.3% during the third quarter. State Street Corp now owns 1,615,467 shares of the financial services provider’s stock worth $255,276,000 after purchasing an additional 21,106 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Houlihan Lokey by 2.8% during the 3rd quarter. Geode Capital Management LLC now owns 970,559 shares of the financial services provider’s stock worth $153,405,000 after purchasing an additional 26,564 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Houlihan Lokey by 6.2% in the 2nd quarter. Sei Investments Co. now owns 776,335 shares of the financial services provider’s stock valued at $104,697,000 after buying an additional 45,205 shares in the last quarter. 78.07% of the stock is owned by institutional investors and hedge funds.

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.