Franklin Parlapiano Turner & Welch LLC Sells 6,823 Shares of Houlihan Lokey, Inc. (NYSE:HLI)

Franklin Parlapiano Turner & Welch LLC lowered its holdings in shares of Houlihan Lokey, Inc. (NYSE:HLI) by 10.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,910 shares of the financial services provider’s stock after selling 6,823 shares during the period. Houlihan Lokey comprises 2.8% of Franklin Parlapiano Turner & Welch LLC’s portfolio, making the stock its 6th largest holding. Franklin Parlapiano Turner & Welch LLC’s holdings in Houlihan Lokey were worth $10,230,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Wolff Wiese Magana LLC bought a new stake in Houlihan Lokey during the 3rd quarter worth approximately $38,000. First Horizon Advisors Inc. increased its position in shares of Houlihan Lokey by 81.5% in the third quarter. First Horizon Advisors Inc. now owns 441 shares of the financial services provider’s stock worth $70,000 after purchasing an additional 198 shares during the period. Quarry LP acquired a new stake in Houlihan Lokey in the third quarter valued at about $76,000. Quest Partners LLC acquired a new stake in Houlihan Lokey in the third quarter valued at about $92,000. Finally, UMB Bank n.a. lifted its stake in shares of Houlihan Lokey by 12.6% in the third quarter. UMB Bank n.a. now owns 857 shares of the financial services provider’s stock worth $135,000 after acquiring an additional 96 shares during the period. Institutional investors and hedge funds own 78.07% of the company’s stock.

Analyst Upgrades and Downgrades

HLI has been the subject of several recent research reports. Wells Fargo & Company boosted their price objective on Houlihan Lokey from $178.00 to $180.00 and gave the company an “underweight” rating in a report on Wednesday. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $192.00 target price (up from $170.00) on shares of Houlihan Lokey in a research note on Wednesday. Morgan Stanley increased their target price on Houlihan Lokey from $200.00 to $201.00 and gave the company an “underweight” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price objective on Houlihan Lokey from $172.00 to $169.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, StockNews.com raised Houlihan Lokey from a “hold” rating to a “buy” rating in a research report on Tuesday. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $194.40.

Houlihan Lokey Stock Performance

Shares of NYSE HLI opened at $180.16 on Thursday. The business’s 50 day moving average price is $179.10 and its 200-day moving average price is $166.69. Houlihan Lokey, Inc. has a fifty-two week low of $119.28 and a fifty-two week high of $192.10. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 36.84 and a beta of 0.69.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Tuesday, January 28th. The financial services provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.51 by $0.13. Houlihan Lokey had a return on equity of 19.29% and a net margin of 15.77%. Sell-side analysts predict that Houlihan Lokey, Inc. will post 5.74 earnings per share for the current year.

Houlihan Lokey Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Saturday, March 15th. Investors of record on Monday, March 3rd will be issued a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 1.27%. The ex-dividend date is Monday, March 3rd. Houlihan Lokey’s payout ratio is 46.63%.

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.