Hamilton Lane (NASDAQ:HLNE) Given New $167.00 Price Target at Keefe, Bruyette & Woods

Hamilton Lane (NASDAQ:HLNE) had its target price decreased by Keefe, Bruyette & Woods from $215.00 to $167.00 in a research note published on Friday morning,Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the stock.

Other equities analysts have also issued reports about the stock. UBS Group raised their price target on shares of Hamilton Lane from $150.00 to $185.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a research report on Monday, November 11th. Wells Fargo & Company increased their price target on Hamilton Lane from $189.00 to $194.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lifted their price objective on Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Seven research analysts have rated the stock with a hold rating, According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $176.33.

Hamilton Lane Price Performance

Hamilton Lane stock opened at $150.68 on Friday. The company has a market capitalization of $8.35 billion, a price-to-earnings ratio of 32.69 and a beta of 1.19. The company has a current ratio of 3.37, a quick 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. The stock’s 50 day moving average is $183.43 and its 200-day moving average is $156.09.

Hamilton Lane (NASDAQ:HLNE) last issued its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. The firm had revenue of $150.00 million for the quarter, compared to analyst estimates of $151.55 million. Hamilton Lane had a return on equity of 35.59% and a net margin of 28.03%. The company’s revenue for the quarter was up 18.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.89 EPS. Equities research analysts expect that Hamilton Lane will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.30%. Hamilton Lane’s payout ratio is 42.52%.

Institutional Trading of Hamilton Lane

Several large investors have recently bought and sold shares of the business. Fifth Third Bancorp lifted its holdings in shares of Hamilton Lane by 106.5% in the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock worth $86,000 after acquiring an additional 358 shares during the last quarter. EFG Asset Management North America Corp. lifted its stake in Hamilton Lane by 0.5% in the 2nd quarter. EFG Asset Management North America Corp. now owns 17,185 shares of the company’s stock valued at $2,125,000 after purchasing an additional 81 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Hamilton Lane by 6.3% in the second quarter. Bank of New York Mellon Corp now owns 239,623 shares of the company’s stock valued at $29,613,000 after buying an additional 14,214 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Hamilton Lane by 3.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,340 shares of the company’s stock worth $1,031,000 after buying an additional 242 shares in the last quarter. Finally, F M Investments LLC bought a new position in shares of Hamilton Lane in the 2nd quarter valued at $413,000. 97.40% of the stock is owned by institutional investors and hedge funds.

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.