Hamilton Lane (NASDAQ:HLNE – Free Report) had its target price boosted by Wells Fargo & Company from $103.00 to $114.00 in a report released on Wednesday morning,Benzinga reports. Wells Fargo & Company currently has an overweight rating on the stock.
Other analysts have also recently issued research reports about the stock. UBS Group dropped their price objective on shares of Hamilton Lane from $131.00 to $115.00 and set a “buy” rating for the company in a research note on Tuesday, October 13th. Morgan Stanley set a $118.00 target price on shares of Hamilton Lane in a research report on Friday, October 16th. Weiss Ratings upgraded shares of Hamilton Lane from a “hold (c-)” rating to a “hold (c)” rating in a research report on Monday, August 31st. Zacks Research cut shares of Hamilton Lane from a “strong-buy” rating to a “hold” rating in a report on Monday, October 19th. Finally, Oppenheimer lowered their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an “outperform” rating on the stock in a report on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Hamilton Lane presently has a consensus rating of “Moderate Buy” and a consensus price target of $125.50.
Check Out Our Latest Research Report on Hamilton Lane
Hamilton Lane Stock Up 7.2%
HLNE opened at $94.99 on Wednesday. The stock has a fifty day moving average of $90.06 and a 200-day moving average of $97.21. The company has a market capitalization of $5.28 billion, a P/E ratio of 14.09 and a beta of 1.16. Hamilton Lane has a fifty-two week low of $71.88 and a fifty-two week high of $155.66. The company has a debt-to-equity ratio of 0.14, a quick ratio of 3.49 and a current ratio of 3.37.
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last released its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 EPS for the quarter, beating the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.40% and a return on equity of 23.47%. The business had revenue of $204.43 million for the quarter, compared to the consensus estimate of $215.23 million. During the same period in the prior year, the company posted $1.54 earnings per share. Hamilton Lane’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Hamilton Lane will post 7.47 EPS for the current year.
Hamilton Lane Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, January 7th. Stockholders of record on Monday, December 21st will be given a dividend of $0.60 per share. This represents a $2.40 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, December 21st. Hamilton Lane’s dividend payout ratio is presently 35.61%.
Institutional Trading of Hamilton Lane
Several large investors have recently modified their holdings of HLNE. Principal Financial Group Inc. lifted its position in Hamilton Lane by 1.7% during the first quarter. Principal Financial Group Inc. now owns 1,103,913 shares of the company’s stock worth $109,725,000 after purchasing an additional 18,063 shares during the period. Janus Henderson Group PLC grew its stake in Hamilton Lane by 12.9% during the first quarter. Janus Henderson Group PLC now owns 905,660 shares of the company’s stock worth $90,045,000 after buying an additional 103,663 shares in the last quarter. Van Berkom & Associates Inc. grew its stake in Hamilton Lane by 9.7% during the first quarter. Van Berkom & Associates Inc. now owns 833,307 shares of the company’s stock worth $82,831,000 after buying an additional 73,679 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Hamilton Lane by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 678,579 shares of the company’s stock valued at $67,450,000 after buying an additional 12,115 shares during the period. Finally, Copeland Capital Management LLC increased its holdings in Hamilton Lane by 52.5% in the 3rd quarter. Copeland Capital Management LLC now owns 741,678 shares of the company’s stock valued at $64,422,000 after buying an additional 255,238 shares during the period. 97.40% of the stock is owned by institutional investors and hedge funds.
More Hamilton Lane News
Here are the key news stories impacting Hamilton Lane this week:
- Positive Sentiment: Fiscal Q2 adjusted earnings were $1.98 per share, above consensus estimates of $1.65, while revenue grew 7.1% year over year. Fee-related earnings rose 34%, and the fee margin reached 51%. Hamilton Lane fiscal Q2 results
- Positive Sentiment: Assets under management grew 7% to $1.1 trillion, and evergreen-platform AUM rose 42% to nearly $21 billion, pointing to ongoing expansion in a key part of the business. Three takeaways for long-term investors
- Positive Sentiment: Hamilton Lane raised its quarterly dividend 11% to $0.60 per share, equivalent to $2.40 annualized, marking its ninth consecutive annual increase. It also announced a FactSet partnership to provide integrated private-markets analytics. Dividend target, partnership and evergreen growth
- Neutral Sentiment: Analyst target changes were split: Wells Fargo raised its target to $114 and KBW to $120, while JPMorgan cut its target to $144 and Oppenheimer trimmed its target to $170. All retained favorable ratings. Oppenheimer target update
- Negative Sentiment: Revenue of $204.43 million missed analyst expectations of about $215 million. Commentary also flagged uneven growth and raised questions about dividend resilience if private markets weaken. Revenue below estimates
Hamilton Lane Company Profile
Hamilton Lane Incorporated (NASDAQ: HLNE) is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.
Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.
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