Comerica Bank Decreases Stock Holdings in Houlihan Lokey, Inc. $HLI

Comerica Bank lowered its holdings in Houlihan Lokey, Inc. (NYSE:HLI) by 50.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,154 shares of the financial services provider’s stock after selling 25,001 shares during the period. Comerica Bank’s holdings in Houlihan Lokey were worth $4,207,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HLI. Flagship Harbor Advisors LLC acquired a new position in shares of Houlihan Lokey during the 4th quarter valued at $26,000. Westside Investment Management Inc. increased its holdings in Houlihan Lokey by 64.4% in the 3rd quarter. Westside Investment Management Inc. now owns 148 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 58 shares in the last quarter. Root Financial Partners LLC purchased a new position in Houlihan Lokey in the third quarter valued at about $31,000. Strategic Wealth Investment Group LLC purchased a new position in Houlihan Lokey in the second quarter valued at about $39,000. Finally, Cornerstone Planning Group LLC lifted its stake in shares of Houlihan Lokey by 179.2% during the third quarter. Cornerstone Planning Group LLC now owns 201 shares of the financial services provider’s stock worth $40,000 after purchasing an additional 129 shares in the last quarter. Hedge funds and other institutional investors own 78.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HLI. Keefe, Bruyette & Woods decreased their target price on Houlihan Lokey from $218.00 to $214.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. The Goldman Sachs Group reduced their price target on Houlihan Lokey from $210.00 to $184.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group decreased their price target on Houlihan Lokey from $196.00 to $163.00 and set a “neutral” rating for the company in a report on Thursday, March 12th. BMO Capital Markets increased their price objective on shares of Houlihan Lokey from $209.00 to $211.00 and gave the company an “outperform” rating in a research report on Thursday, January 29th. Finally, Weiss Ratings lowered shares of Houlihan Lokey from a “hold (c+)” rating to a “hold (c)” rating in a research note on Tuesday, April 21st. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $197.71.

Houlihan Lokey Price Performance

NYSE:HLI opened at $153.28 on Friday. The firm has a 50-day moving average of $151.46 and a two-hundred day moving average of $169.87. The stock has a market cap of $10.70 billion, a P/E ratio of 23.55, a PEG ratio of 1.09 and a beta of 0.99. Houlihan Lokey, Inc. has a 1-year low of $134.41 and a 1-year high of $211.78.

Houlihan Lokey (NYSE:HLI) last announced its earnings results on Thursday, January 29th. The financial services provider reported $1.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.85 by $0.09. Houlihan Lokey had a return on equity of 24.46% and a net margin of 16.91%.During the same quarter last year, the business earned $1.64 EPS. The business’s quarterly revenue was up 13.0% compared to the same quarter last year. As a group, equities analysts expect that Houlihan Lokey, Inc. will post 7.73 earnings per share for the current year.

Insider Buying and Selling

In other Houlihan Lokey news, General Counsel Christopher M. Crain sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $143.40, for a total transaction of $71,700.00. Following the completion of the sale, the general counsel owned 500 shares in the company, valued at $71,700. This trade represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Robert A. Schriesheim sold 5,000 shares of Houlihan Lokey stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of $170.86, for a total value of $854,300.00. Following the sale, the director owned 27,982 shares in the company, valued at $4,781,004.52. This represents a 15.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 22.83% of the stock is owned by company insiders.

Houlihan Lokey Company 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.