JPMorgan Chase & Co. Increases Hamilton Lane (NASDAQ:HLNE) Price Target to $175.00

Hamilton Lane (NASDAQ:HLNE) had its target price raised by JPMorgan Chase & Co. from $134.00 to $175.00 in a research report sent to investors on Thursday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities analysts have also recently issued reports about the stock. Morgan Stanley lifted their price objective on shares of Hamilton Lane from $140.00 to $182.00 and gave the stock an “equal weight” rating in a research report on Thursday, October 10th. The Goldman Sachs Group lifted their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a report on Thursday, October 3rd. Wells Fargo & Company raised their price objective on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. Keefe, Bruyette & Woods upped their target price on Hamilton Lane from $181.00 to $215.00 and gave the company a “market perform” rating in a report on Thursday. Finally, 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 report on Tuesday, October 22nd. Seven analysts have rated the stock with a hold rating, According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $179.00.

Hamilton Lane Price Performance

Shares of NASDAQ:HLNE traded up $5.05 on Thursday, reaching $194.47. 450,824 shares of the company traded hands, compared to its average volume of 317,618. The stock has a market capitalization of $10.54 billion, a PE ratio of 43.54 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a current ratio of 2.72 and a quick ratio of 2.72. The company’s 50 day moving average is $168.40 and its 200-day moving average is $142.01. Hamilton Lane has a fifty-two week low of $89.28 and a fifty-two week high of $196.60.

Hamilton Lane (NASDAQ:HLNE) last released its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.01. Hamilton Lane had a return on equity of 34.36% and a net margin of 26.99%. The business had revenue of $150.00 million during the quarter, compared to analyst estimates of $151.55 million. During the same quarter last year, the company posted $0.89 EPS. Hamilton Lane’s revenue for the quarter was up 18.2% on a year-over-year basis. As a group, analysts anticipate that Hamilton Lane will post 4.9 earnings per share for the current fiscal year.

Hamilton Lane Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be paid a $0.49 dividend. The ex-dividend date is Monday, December 16th. This represents a $1.96 annualized dividend and a dividend yield of 1.01%. Hamilton Lane’s payout ratio is 45.06%.

Institutional Trading of Hamilton Lane

A number of institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd boosted its holdings in Hamilton Lane by 14,900.0% in the first quarter. Covestor Ltd now owns 300 shares of the company’s stock worth $34,000 after purchasing an additional 298 shares in the last quarter. Quarry LP boosted its stake in shares of Hamilton Lane by 316.2% during the 2nd quarter. Quarry LP now owns 308 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares in the last quarter. Signaturefd LLC increased its holdings in shares of Hamilton Lane by 13.1% during the 2nd quarter. Signaturefd LLC now owns 629 shares of the company’s stock valued at $78,000 after acquiring an additional 73 shares during the last quarter. CWM LLC boosted its position in Hamilton Lane by 24.7% during the third quarter. CWM LLC now owns 505 shares of the company’s stock worth $85,000 after purchasing an additional 100 shares during the period. Finally, Fifth Third Bancorp grew its holdings in Hamilton Lane by 106.5% during the second quarter. Fifth Third Bancorp now owns 694 shares of the company’s stock valued at $86,000 after purchasing an additional 358 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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.