Hamilton Lane (NASDAQ:HLNE) Price Target Raised to $169.00 at Wells Fargo & Company

Hamilton Lane (NASDAQ:HLNE) had its price target lifted by Wells Fargo & Company from $163.00 to $169.00 in a research report report published on Wednesday,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research analysts have also issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of Hamilton Lane from $167.00 to $158.00 and set a “market perform” rating on the stock in a research note on Monday, January 13th. Morgan Stanley lifted their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an “equal weight” rating in a report on Monday, November 11th. Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. UBS Group lifted their price objective on Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, The Goldman Sachs Group lowered Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 target price on the stock. in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $173.14.

Hamilton Lane Stock Performance

HLNE stock opened at $170.18 on Wednesday. The company has a 50 day moving average price of $160.06 and a 200 day moving average price of $162.80. Hamilton Lane has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company has a debt-to-equity ratio of 0.24, a current ratio of 3.37 and a quick ratio of 3.37. The stock has a market capitalization of $9.43 billion, a PE ratio of 36.92 and a beta of 1.25.

Hamilton Lane (NASDAQ:HLNE) last released its earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.12. The company had revenue of $168.26 million during the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The firm’s quarterly revenue was up 34.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.71 earnings per share. Analysts forecast that Hamilton Lane will post 4.88 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 annualized dividend and a yield of 1.15%. Hamilton Lane’s dividend payout ratio is presently 42.52%.

Institutional Investors Weigh In On Hamilton Lane

Large investors have recently modified their holdings of the business. Wellington Management Group LLP grew its position in shares of Hamilton Lane by 31.1% in the 3rd quarter. Wellington Management Group LLP now owns 1,743,033 shares of the company’s stock valued at $293,509,000 after purchasing an additional 413,015 shares during the period. State Street Corp boosted its holdings in shares of Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after buying an additional 489,557 shares during the period. Geode Capital Management LLC increased its position in shares of Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company’s stock worth $186,111,000 after acquiring an additional 25,657 shares in the last quarter. Copeland Capital Management LLC raised its holdings in shares of Hamilton Lane by 0.8% during the third quarter. Copeland Capital Management LLC now owns 863,397 shares of the company’s stock worth $145,388,000 after acquiring an additional 7,106 shares during the period. Finally, Principal Financial Group Inc. lifted its position in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

About Hamilton Lane

Hamilton Lane Incorporated is a private equity firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. It prefers to invest in energy, industrials, consumer discretionary, health care, real estate, information technology, utilities, and consumer services.