MetLife Investment Management LLC Raises Position in Houlihan Lokey, Inc. (NYSE:HLI)

Posted by Defense World Staff on Feb 27th, 2023

MetLife Investment Management LLC boosted its holdings in Houlihan Lokey, Inc. (NYSE:HLI – Get Rating) by 4.2% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 27,146 shares of the financial services provider’s stock after purchasing an additional 1,100 shares during the period. MetLife Investment Management LLC’s holdings in Houlihan Lokey were worth $2,046,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HLI. Federated Hermes Inc. boosted its holdings in Houlihan Lokey by 139.1% in the first quarter. Federated Hermes Inc. now owns 445,846 shares of the financial services provider’s stock valued at $39,146,000 after purchasing an additional 259,359 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Houlihan Lokey by 27.3% in the first quarter. Goldman Sachs Group Inc. now owns 539,143 shares of the financial services provider’s stock valued at $47,338,000 after purchasing an additional 115,602 shares during the last quarter. Sei Investments Co. boosted its holdings in Houlihan Lokey by 24.0% in the second quarter. Sei Investments Co. now owns 483,880 shares of the financial services provider’s stock valued at $38,192,000 after purchasing an additional 93,693 shares during the last quarter. Grantham Mayo Van Otterloo & Co. LLC purchased a new position in Houlihan Lokey in the third quarter valued at about $6,355,000. Finally, Lazard Asset Management LLC boosted its holdings in Houlihan Lokey by 12,754.1% in the first quarter. Lazard Asset Management LLC now owns 70,569 shares of the financial services provider’s stock valued at $6,195,000 after purchasing an additional 70,020 shares during the last quarter. Hedge funds and other institutional investors own 70.74% of the company’s stock.

Houlihan Lokey Stock Down 0.6 %

NYSE:HLI opened at $94.67 on Monday. The business’s 50 day moving average is $94.48 and its two-hundred day moving average is $89.15. Houlihan Lokey, Inc. has a 52 week low of $74.18 and a 52 week high of $104.47. The company has a market cap of $6.50 billion, a PE ratio of 25.11 and a beta of 0.78.

Houlihan Lokey (NYSE:HLI – Get Rating) last announced its quarterly earnings results on Tuesday, January 31st. The financial services provider reported $1.14 earnings per share for the quarter, topping analysts’ consensus estimates of $1.12 by $0.02. The business had revenue of $456.50 million for the quarter, compared to analysts’ expectations of $470.81 million. Houlihan Lokey had a return on equity of 22.28% and a net margin of 14.15%. The business’s quarterly revenue was down 48.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.90 EPS. As a group, sell-side analysts expect that Houlihan Lokey, Inc. will post 4.57 EPS for the current fiscal year.

Houlihan Lokey Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Thursday, March 2nd will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.24%. The ex-dividend date is Wednesday, March 1st. Houlihan Lokey’s payout ratio is 56.23%.

Analysts Set New Price Targets

HLI has been the subject of a number of analyst reports. Morgan Stanley increased their price target on Houlihan Lokey from $75.00 to $78.00 and gave the company an “equal weight” rating in a report on Monday, October 31st. Keefe, Bruyette & Woods increased their target price on Houlihan Lokey from $90.00 to $95.00 and gave the stock a “market perform” rating in a report on Tuesday, January 3rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $89.60.

About Houlihan Lokey

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Houlihan Lokey, Inc engages in the provision of investment banking services. It operates through the following segments: Corporate Finance, Financial Restructuring and Financial and Valuation Advisory. The Corporate Finance segment provides general financial advisory services in addition to advice on mergers and acquisitions and capital markets offering.