Hamilton Lane (NASDAQ:HLNE – Get Free Report) had its target price increased by equities researchers at Morgan Stanley from $140.00 to $182.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 4.15% from the company’s previous close.
Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $135.00 to $145.00 and gave the stock a “market perform” rating in a research report on Wednesday, August 7th. Wells Fargo & Company raised their price objective on Hamilton Lane from $156.00 to $170.00 and gave the company an “equal weight” rating in a report on Wednesday. JPMorgan Chase & Co. upped their target price on Hamilton Lane from $120.00 to $134.00 and gave the stock a “neutral” rating in a report on Wednesday, August 7th. UBS Group raised their price target on Hamilton Lane from $122.00 to $150.00 and gave the company a “neutral” rating in a research note on Wednesday, August 21st. Finally, The Goldman Sachs Group upped their price objective on Hamilton Lane from $139.00 to $147.00 and gave the stock a “neutral” rating in a research note on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $154.67.
Check Out Our Latest Stock Report on Hamilton Lane
Hamilton Lane Stock Performance
Hamilton Lane (NASDAQ:HLNE – Get Free Report) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.41. The business had revenue of $196.73 million during the quarter, compared to analyst estimates of $149.84 million. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. During the same period in the previous year, the firm earned $0.94 EPS. As a group, sell-side analysts forecast that Hamilton Lane will post 4.88 earnings per share for the current year.
Institutional Investors Weigh In On Hamilton Lane
A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its position in shares of Hamilton Lane by 8.3% during the 1st quarter. Vanguard Group Inc. now owns 3,678,617 shares of the company’s stock valued at $414,801,000 after purchasing an additional 283,190 shares in the last quarter. Geneva Capital Management LLC acquired a new stake in Hamilton Lane in the first quarter valued at approximately $22,395,000. American Century Companies Inc. increased its holdings in shares of Hamilton Lane by 30.3% during the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock valued at $71,772,000 after acquiring an additional 135,040 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Hamilton Lane during the first quarter valued at approximately $11,445,000. Finally, Capital World Investors acquired a new position in shares of Hamilton Lane during the first quarter worth approximately $9,724,000. Institutional investors own 97.40% of the company’s stock.
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.
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