Principal Financial Group Inc. Has $98.30 Million Position in Hamilton Lane Incorporated (NASDAQ:HLNE)

Principal Financial Group Inc. increased its position in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 20.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 583,721 shares of the company's stock after acquiring an additional 97,924 shares during the period. Principal Financial Group Inc. owned approximately 1.05% of Hamilton Lane worth $98,297,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Retirement Systems of Alabama acquired a new position in shares of Hamilton Lane in the 3rd quarter worth approximately $8,291,000. Oddo BHF Asset Management Sas bought a new stake in Hamilton Lane during the third quarter worth approximately $2,397,000. Franklin Resources Inc. grew its position in Hamilton Lane by 9.2% in the third quarter. Franklin Resources Inc. now owns 184,836 shares of the company's stock worth $32,746,000 after buying an additional 15,554 shares during the last quarter. Virtu Financial LLC acquired a new position in Hamilton Lane in the third quarter worth approximately $310,000. Finally, Teachers Retirement System of The State of Kentucky increased its holdings in shares of Hamilton Lane by 41.9% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 20,914 shares of the company's stock valued at $3,522,000 after buying an additional 6,178 shares in the last quarter. 97.40% of the stock is currently owned by institutional investors.

Hamilton Lane Stock Down 0.5 %

NASDAQ HLNE traded down $0.72 during trading on Friday, reaching $150.68. 1,662,621 shares of the company's stock were exchanged, compared to its average volume of 334,371. 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 Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72. The company's fifty day simple moving average is $182.95 and its 200-day simple moving average is $156.28. The firm has a market capitalization of $8.35 billion, a PE ratio of 32.69 and a beta of 1.19.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.06 by $0.01. Hamilton Lane had a net margin of 28.03% and a return on equity of 35.59%. The business had revenue of $150.00 million during the quarter, compared to analysts' expectations of $151.55 million. During the same period last year, the company posted $0.89 earnings per share. The firm's quarterly revenue was up 18.2% compared to the same quarter last year. Sell-side analysts predict that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Announces Dividend

The business 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. This represents a $1.96 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Monday, December 16th. Hamilton Lane's dividend payout ratio (DPR) is presently 42.52%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HLNE shares. JPMorgan Chase & Co. raised their price objective on Hamilton Lane from $134.00 to $175.00 and gave the stock a "neutral" rating in a research note on Thursday, November 7th. Wells Fargo & Company increased their price target on Hamilton Lane from $189.00 to $194.00 and gave the company an "equal weight" rating in a research report on Thursday, December 12th. Morgan Stanley boosted their price objective on Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. The Goldman Sachs Group raised their target price on shares of Hamilton Lane from $139.00 to $147.00 and gave the stock a "neutral" rating in a report on Thursday, October 3rd. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Hamilton Lane from $215.00 to $167.00 and set a "market perform" rating on the stock in a research report on Friday. Seven research analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $176.33.

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.