Wells Fargo & Company Cuts Hamilton Lane (NASDAQ:HLNE) Price Target to $163.00

Hamilton Lane (NASDAQ:HLNE) had its target price decreased by Wells Fargo & Company from $194.00 to $163.00 in a research note published on Tuesday morning,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

HLNE has been the topic of a number of other reports. Morgan Stanley raised their price objective on Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research note on Monday, November 11th. UBS Group boosted their price objective on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Keefe, Bruyette & Woods lowered 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. JPMorgan Chase & Co. lifted their target price on shares of Hamilton Lane from $134.00 to $175.00 and gave the stock a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group cut shares of Hamilton Lane from a “neutral” rating to a “sell” rating and set a $139.00 price target for the company. in a report on Monday, January 6th. One analyst has rated the stock with a sell rating and five have given a hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $168.33.

Hamilton Lane Stock Performance

Shares of HLNE opened at $149.59 on Tuesday. The firm has a market cap of $8.29 billion, a price-to-earnings ratio of 32.45 and a beta of 1.24. The company’s fifty day moving average is $170.41 and its 200-day moving average is $160.02. The company has a quick ratio of 3.37, a current ratio of 3.37 and a debt-to-equity ratio of 0.24. Hamilton Lane has a 12 month low of $103.42 and a 12 month high of $203.72.

Hamilton Lane (NASDAQ:HLNE) last posted its earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The firm had revenue of $150.00 million for the quarter, compared to the consensus estimate of $151.55 million. During the same period in the prior year, the business posted $0.89 earnings per share. The business’s quarterly revenue was up 18.2% on a year-over-year basis. Equities analysts expect that Hamilton Lane will post 4.88 EPS for the current fiscal year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Shareholders of record on Monday, December 16th were given a $0.49 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.31%. Hamilton Lane’s dividend payout ratio is 42.52%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. State Street Corp raised its holdings in Hamilton Lane by 53.7% in the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company’s stock valued at $236,516,000 after acquiring an additional 489,557 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of Hamilton Lane by 31.1% in the third 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 in the last quarter. Artemis Investment Management LLP bought a new position in Hamilton Lane in the fourth quarter worth $30,350,000. Barclays PLC increased its holdings in Hamilton Lane by 84.5% in the 3rd quarter. Barclays PLC now owns 246,383 shares of the company’s stock valued at $41,488,000 after buying an additional 112,866 shares during the period. Finally, Principal Financial Group Inc. raised its stake in shares of 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 buying an additional 97,924 shares in the last quarter. Institutional investors and hedge funds own 97.40% of the company’s stock.

Hamilton Lane Company Profile

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.