Hamilton Lane (NASDAQ:HLNE) Stock Gets Price Target Increase from Wells Fargo & Company

Key Points

• Wells Fargo raised its Hamilton Lane price target to $114 from $103 and maintained an Overweight rating, implying 24.44% upside from the stock’s then-current price.
• Analyst sentiment was broadly positive: seven analysts rated the stock Buy and three Hold, with a MarketBeat average rating of Moderate Buy and an average target of $126.
• Hamilton Lane’s quarterly EPS of $1.98 beat the $1.65 consensus, while revenue of $204.43 million fell short of estimates despite increasing 7.1% year over year.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) had its target price raised by research analysts at Wells Fargo & Company from $103.00 to $114.00 in a note issued to investors on Wednesday, Benzinga reports. The firm presently has an "overweight" rating on the stock. Wells Fargo & Company's price target suggests a potential upside of 24.44% from the stock's current price.

Several other research analysts have also issued reports on the company. Morgan Stanley set a $118.00 target price on Hamilton Lane in a research report on Friday, October 16th. The Goldman Sachs Group reaffirmed a "buy" rating and set a $117.00 price target on shares of Hamilton Lane in a research note on Friday, October 2nd. UBS Group reduced their price objective on shares of Hamilton Lane from $131.00 to $115.00 and set a "buy" rating for the company in a report on Tuesday, October 13th. Weiss Ratings upgraded Hamilton Lane from a "hold (c-)" rating to a "hold (c)" rating in a report on Monday, August 31st. Finally, Oppenheimer dropped their target price on shares of Hamilton Lane from $182.00 to $181.00 and set an "outperform" rating on the stock in a research report on Thursday, August 27th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, Hamilton Lane presently has an average rating of "Moderate Buy" and an average price target of $126.00.

Hamilton Lane Price Performance

Shares of Hamilton Lane stock traded up $2.98 during midday trading on Wednesday, hitting $91.61. 68,799 shares of the company traded hands, compared to its average volume of 766,565. Hamilton Lane has a 12 month low of $71.88 and a 12 month high of $155.66. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.49 and a current ratio of 3.49. The stock has a market cap of $5.09 billion, a price-to-earnings ratio of 13.99 and a beta of 1.16. The firm's fifty day moving average price is $90.30 and its 200-day moving average price is $97.50.

Hamilton Lane (NASDAQ:HLNE - Get Free Report) last announced its quarterly earnings results on Tuesday, November 3rd. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.33. Hamilton Lane had a net margin of 32.14% and a return on equity of 25.10%. The company had revenue of $204.43 million during the quarter, compared to the consensus estimate of $215.23 million. During the same period in the prior year, the business earned $1.54 earnings per share. The company's revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Hamilton Lane will post 7.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio lifted its holdings in Hamilton Lane by 0.3% during the 1st quarter. Public Employees Retirement System of Ohio now owns 44,678 shares of the company's stock worth $4,441,000 after purchasing an additional 115 shares in the last quarter. Empowered Funds LLC boosted its stake in Hamilton Lane by 0.6% in the 1st quarter. Empowered Funds LLC now owns 21,114 shares of the company's stock worth $2,099,000 after purchasing an additional 122 shares during the period. Gibbs Wealth Management grew its holdings in Hamilton Lane by 3.0% during the 3rd quarter. Gibbs Wealth Management now owns 4,532 shares of the company's stock valued at $394,000 after buying an additional 132 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in Hamilton Lane by 9.4% during the 3rd quarter. Crossmark Global Holdings Inc. now owns 2,995 shares of the company's stock valued at $260,000 after buying an additional 258 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund grew its holdings in Hamilton Lane by 3.4% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 8,400 shares of the company's stock valued at $835,000 after buying an additional 276 shares in the last quarter. Institutional investors own 97.40% of the company's stock.

More Hamilton Lane News

Here are the key news stories impacting Hamilton Lane this week:

• Positive Sentiment: Fiscal Q2 adjusted earnings were $1.98 per share, topping consensus estimates and rising from $1.54 a year earlier. Fee-related earnings reportedly surged 34%, with the fee margin reaching 51%. Hamilton Lane Q2 earnings
• Positive Sentiment: Total assets grew 7% year over year to $1.1 trillion, while evergreen platform AUM climbed 42% to nearly $21 billion, pointing to continued scale and growth in a key platform. Three key takeaways for long-term investors
• Positive Sentiment: Keefe, Bruyette & Woods raised its price target to $120 from $116 and maintained an Outperform rating. Hamilton Lane also announced a quarterly dividend of $0.60 per share, equivalent to $2.40 annualized, extending its dividend-growth streak to nine years. Keefe, Bruyette & Woods rating Dividend increase analysis
• Neutral Sentiment: A new partnership with FactSet aims to provide integrated private-markets analytics. It could broaden Hamilton Lane’s reach, though the reports did not specify an expected near-term financial contribution. FactSet partnership announcement
• Negative Sentiment: Quarterly revenue of $204.43 million was below the roughly $215 million analyst consensus, despite growing 7.1% year over year. Commentary about uneven growth and questions about dividend durability amid a difficult private-markets environment remain risks. Revenue missed estimates

Hamilton Lane Company Profile

Hamilton Lane Incorporated NASDAQ: HLNE is a global investment management firm specializing in private markets. The company provides investment solutions and advisory services focused on alternative assets, including private equity, private credit, venture capital, growth equity, infrastructure and real assets.

Hamilton Lane serves institutional investors, family offices, financial advisors and high-net-worth individuals. Its offerings include separately managed accounts, customized portfolios, commingled funds, evergreen vehicles and secondary-market strategies.

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