Principal Financial Group Inc. Sells 41,443 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

Principal Financial Group Inc. trimmed its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 7.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 542,278 shares of the company’s stock after selling 41,443 shares during the period. Principal Financial Group Inc. owned 0.98% of Hamilton Lane worth $80,290,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in HLNE. State Street Corp grew its holdings in Hamilton Lane by 53.7% in the third quarter. State Street Corp now owns 1,401,909 shares of the company’s stock worth $236,516,000 after purchasing an additional 489,557 shares during the last quarter. Wellington Management Group LLP boosted 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 worth $293,509,000 after purchasing an additional 413,015 shares in the last quarter. Artemis Investment Management LLP purchased a new position in Hamilton Lane during the 4th quarter worth $30,350,000. Barclays PLC increased its position in Hamilton Lane by 84.5% during 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 in the last quarter. Finally, DF Dent & Co. Inc. raised its stake in Hamilton Lane by 26.4% in the third quarter. DF Dent & Co. Inc. now owns 335,952 shares of the company’s stock valued at $56,571,000 after buying an additional 70,091 shares during the last quarter. 97.40% of the stock is owned by institutional investors.

Analyst Ratings Changes

HLNE has been the topic of several recent analyst reports. Keefe, Bruyette & Woods upped their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the company a “market perform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. 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. Morgan Stanley boosted their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, Oppenheimer raised Hamilton Lane from a “market perform” rating to an “outperform” rating and set a $186.00 price target for the company in a research report on Tuesday, January 21st. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $173.14.

Hamilton Lane Stock Up 0.3 %

NASDAQ:HLNE opened at $159.93 on Thursday. The firm has a market capitalization of $8.87 billion, a P/E ratio of 29.51 and a beta of 1.25. The company’s fifty day moving average price is $154.92 and its 200-day moving average price is $164.06. Hamilton Lane Incorporated has a 1-year low of $103.42 and a 1-year high of $203.72. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19.

Hamilton Lane (NASDAQ:HLNE) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.12. The company had revenue of $168.26 million for the quarter, compared to the consensus estimate of $158.86 million. Hamilton Lane had a return on equity of 36.69% and a net margin of 31.12%. The firm’s revenue for the quarter was up 34.3% compared to the same quarter last year. During the same period last year, the firm earned $0.71 EPS. As a group, equities research analysts anticipate that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 1.23%. The ex-dividend date of this dividend is Friday, March 14th. Hamilton Lane’s payout ratio is presently 36.16%.

Hamilton Lane 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.