Ameriprise Financial Inc. Reduces Stake in Hamilton Lane Incorporated (NASDAQ:HLNE)

Ameriprise Financial Inc. lessened its holdings in shares of Hamilton Lane Incorporated (NASDAQ:HLNE - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 361,174 shares of the company's stock after selling 151,505 shares during the period. Ameriprise Financial Inc. owned 0.65% of Hamilton Lane worth $53,471,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in Hamilton Lane by 28.4% in the fourth quarter. Vanguard Group Inc. now owns 3,901,933 shares of the company's stock worth $577,681,000 after acquiring an additional 863,326 shares during the period. Invesco Ltd. lifted its position in Hamilton Lane by 25.3% in the fourth quarter. Invesco Ltd. now owns 1,923,253 shares of the company's stock valued at $284,738,000 after buying an additional 388,019 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Hamilton Lane by 229.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,292,266 shares of the company's stock valued at $191,321,000 after buying an additional 900,283 shares during the last quarter. Geode Capital Management LLC boosted its stake in Hamilton Lane by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 1,149,928 shares of the company's stock worth $170,280,000 after buying an additional 44,865 shares during the period. Finally, T. Rowe Price Investment Management Inc. increased its position in shares of Hamilton Lane by 10.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 780,363 shares of the company's stock valued at $115,533,000 after acquiring an additional 70,976 shares during the last quarter. Hedge funds and other institutional investors own 97.40% of the company's stock.

Analysts Set New Price Targets

HLNE has been the subject of a number of research analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Hamilton Lane from $176.00 to $167.00 and set a "neutral" rating for the company in a research report on Tuesday, April 29th. Oppenheimer upgraded Hamilton Lane from a "market perform" rating to an "outperform" rating and set a $186.00 price target on the stock in a research note on Tuesday, January 21st. Wells Fargo & Company lowered their price target on Hamilton Lane from $152.00 to $147.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods raised their price target on Hamilton Lane from $158.00 to $168.00 and gave the stock a "market perform" rating in a research report on Wednesday, February 5th. Finally, Morgan Stanley lowered their price target on Hamilton Lane from $190.00 to $157.00 and set an "equal weight" rating for the company in a research report on Monday, April 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, Hamilton Lane currently has an average rating of "Hold" and a consensus target price of $164.14.

Hamilton Lane Stock Up 0.4%

HLNE traded up $0.78 during trading hours on Wednesday, hitting $174.82. 367,332 shares of the company's stock were exchanged, compared to its average volume of 436,658. Hamilton Lane Incorporated has a 12-month low of $114.85 and a 12-month high of $203.72. The firm has a 50 day moving average of $147.36 and a 200 day moving average of $159.94. The firm has a market cap of $9.69 billion, a P/E ratio of 32.25 and a beta of 1.31. The company has a current ratio of 4.19, a quick ratio of 4.19 and a debt-to-equity ratio of 0.34.

Hamilton Lane Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 4th. Investors of record on Friday, March 14th were paid a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 1.12%. The ex-dividend date was Friday, March 14th. Hamilton Lane's payout ratio is currently 36.16%.

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.