Principal Financial Group Inc. Has $80.29 Million Stock Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Principal Financial Group Inc. reduced its stake in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 7.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 542,278 shares of the company's stock after selling 41,443 shares during the quarter. Principal Financial Group Inc. owned about 0.98% of Hamilton Lane worth $80,290,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in shares of Hamilton Lane by 1.4% in the 4th quarter. State of Alaska Department of Revenue now owns 4,765 shares of the company's stock worth $705,000 after buying an additional 65 shares in the last quarter. Lifestyle Asset Management Inc. lifted its holdings in Hamilton Lane by 5.9% in the 4th quarter. Lifestyle Asset Management Inc. now owns 1,515 shares of the company's stock valued at $224,000 after acquiring an additional 84 shares during the last quarter. Orion Portfolio Solutions LLC boosted its position in shares of Hamilton Lane by 0.6% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 14,901 shares of the company's stock valued at $2,509,000 after purchasing an additional 93 shares in the last quarter. CWM LLC boosted its position in shares of Hamilton Lane by 24.7% during the 3rd quarter. CWM LLC now owns 505 shares of the company's stock valued at $85,000 after purchasing an additional 100 shares in the last quarter. Finally, Islay Capital Management LLC grew its stake in shares of Hamilton Lane by 2.2% in the 3rd quarter. Islay Capital Management LLC now owns 4,757 shares of the company's stock worth $801,000 after purchasing an additional 103 shares during the last quarter. Institutional investors and hedge funds own 97.40% of the company's stock.

Hamilton Lane Stock Down 3.7 %

NASDAQ:HLNE traded down $5.80 during mid-day trading on Friday, reaching $151.46. The stock had a trading volume of 641,616 shares, compared to its average volume of 539,674. The stock has a market cap of $8.40 billion, a P/E ratio of 27.94 and a beta of 1.25. The business's 50 day moving average is $154.28 and its 200 day moving average is $164.19. The company has a debt-to-equity ratio of 0.34, a current ratio of 4.19 and a quick ratio of 4.19. Hamilton Lane Incorporated has a fifty-two week low of $103.42 and a fifty-two week high of $203.72.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.25 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $158.86 million. During the same quarter in the prior year, the business posted $0.71 EPS. Hamilton Lane's quarterly revenue was up 34.3% on a year-over-year basis. As a group, sell-side analysts predict that Hamilton Lane Incorporated will post 4.97 earnings per share for the current year.

Hamilton Lane Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, April 4th. Shareholders of record on Friday, March 14th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.96 dividend on an annualized basis and a yield of 1.29%. Hamilton Lane's payout ratio is currently 36.16%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Keefe, Bruyette & Woods lifted their price target on shares of Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. The Goldman Sachs Group downgraded Hamilton Lane from a "neutral" rating to a "sell" rating and set a $139.00 target price for the company. in a report on Monday, January 6th. Wells Fargo & Company boosted their price objective on Hamilton Lane from $163.00 to $169.00 and gave the stock an "equal weight" rating in a report on Wednesday, February 5th. Morgan Stanley raised their target price on shares of Hamilton Lane from $182.00 to $190.00 and gave the stock an "equal weight" rating in a report on Monday, November 11th. Finally, JPMorgan Chase & Co. increased their target price on Hamilton Lane from $134.00 to $175.00 and gave the company a "neutral" rating in a report on Thursday, November 7th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $173.14.

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.