JPMorgan Chase & Co. Buys 66,378 Shares of Hamilton Lane Incorporated (NASDAQ:HLNE)

JPMorgan Chase & Co. increased its stake in Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 10.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 689,902 shares of the company's stock after purchasing an additional 66,378 shares during the quarter. JPMorgan Chase & Co. owned approximately 1.24% of Hamilton Lane worth $102,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock valued at $577,681,000 after purchasing an additional 863,326 shares during the period. Wellington Management Group LLP raised its holdings in 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 acquiring an additional 413,015 shares during the period. State Street Corp lifted its position in Hamilton Lane by 53.7% during the 3rd quarter. State Street Corp now owns 1,401,909 shares of the company's stock worth $236,516,000 after acquiring an additional 489,557 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Hamilton Lane by 2.4% during the third quarter. Geode Capital Management LLC now owns 1,105,063 shares of the company's stock valued at $186,111,000 after acquiring an additional 25,657 shares during the period. Finally, Principal Financial Group Inc. grew its position in shares of Hamilton Lane by 20.2% in the third quarter. Principal Financial Group Inc. now owns 583,721 shares of the company's stock valued at $98,297,000 after purchasing an additional 97,924 shares during the last quarter. 97.40% of the stock is currently owned by institutional investors and hedge funds.

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Hamilton Lane Stock Performance

Shares of NASDAQ HLNE traded down $1.54 during trading hours on Monday, reaching $134.12. The stock had a trading volume of 1,176,730 shares, compared to its average volume of 404,766. Hamilton Lane Incorporated has a twelve month low of $108.34 and a twelve month 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. The business's fifty day moving average is $152.33 and its two-hundred day moving average is $164.62. The company has a market cap of $7.44 billion, a price-to-earnings ratio of 24.75 and a beta of 1.32.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.25 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.13 by $0.12. Hamilton Lane had a net margin of 31.12% and a return on equity of 36.69%. The company had revenue of $168.26 million during the quarter, compared to analysts' expectations of $158.86 million. During the same quarter in the prior year, the company posted $0.71 EPS. The business's revenue was up 34.3% on a year-over-year basis. As a group, research analysts expect that Hamilton Lane Incorporated will post 4.97 EPS for the current year.

Hamilton Lane Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 4th. Shareholders of record on Friday, March 14th were issued a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a yield of 1.46%. The ex-dividend date of this dividend was Friday, March 14th. Hamilton Lane's payout ratio is 36.16%.

Analyst Upgrades and Downgrades

HLNE has been the subject of several research analyst reports. Wells Fargo & Company cut their price objective on Hamilton Lane from $169.00 to $152.00 and set an "equal weight" rating for the company in a research report on Thursday, March 20th. The Goldman Sachs Group lowered 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. Keefe, Bruyette & Woods raised their price objective on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research note on Wednesday, February 5th. Finally, Oppenheimer raised shares of Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target for the company in a 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. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $170.71.

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.