Citigroup Inc. Has $5.79 Million Holdings in Hamilton Lane Incorporated (NASDAQ:HLNE)

Citigroup Inc. lifted its stake in Hamilton Lane Incorporated (NASDAQ:HLNE) by 133.9% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 34,370 shares of the company’s stock after acquiring an additional 19,677 shares during the period. Citigroup Inc.’s holdings in Hamilton Lane were worth $5,788,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. American Century Companies Inc. increased its holdings in shares of Hamilton Lane by 30.3% during the second quarter. American Century Companies Inc. now owns 580,768 shares of the company’s stock worth $71,772,000 after buying an additional 135,040 shares in the last quarter. Principal Financial Group Inc. lifted its position in Hamilton Lane by 20.2% in the 3rd quarter. Principal Financial Group Inc. now owns 583,721 shares of the company’s stock valued at $98,297,000 after acquiring an additional 97,924 shares in the last quarter. Fred Alger Management LLC grew its stake in shares of Hamilton Lane by 10.5% during the 2nd quarter. Fred Alger Management LLC now owns 687,521 shares of the company’s stock worth $84,964,000 after acquiring an additional 65,151 shares in the last quarter. Geneva Capital Management LLC grew its holdings in shares of Hamilton Lane by 32.8% in the 3rd quarter. Geneva Capital Management LLC now owns 258,739 shares of the company’s stock valued at $43,569,000 after acquiring an additional 63,866 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC acquired a new stake in shares of Hamilton Lane in the 3rd quarter valued at approximately $9,587,000. 97.40% of the stock is owned by institutional investors.

Hamilton Lane Stock Performance

NASDAQ:HLNE opened at $192.40 on Monday. The business’s fifty day moving average is $182.05 and its 200 day moving average is $151.22. Hamilton Lane Incorporated has a 52-week low of $96.38 and a 52-week high of $203.72. The firm has a market cap of $10.66 billion, a price-to-earnings ratio of 41.74 and a beta of 1.18. The company has a debt-to-equity ratio of 0.24, a quick ratio of 3.37 and a current ratio of 3.37.

Hamilton Lane (NASDAQ:HLNE) last posted its quarterly earnings data on Wednesday, November 6th. The company reported $1.07 earnings per share 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 company had revenue of $150.00 million for the quarter, compared to analysts’ expectations of $151.55 million. During the same period in the prior year, the business earned $0.89 earnings per share. Hamilton Lane’s revenue for the quarter was up 18.2% compared to the same quarter last year. Research analysts predict that Hamilton Lane Incorporated will post 4.87 EPS for the current year.

Hamilton Lane Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Monday, December 16th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $1.96 annualized dividend and a yield of 1.02%. Hamilton Lane’s payout ratio is 42.52%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on HLNE. Wells Fargo & Company boosted their target price on Hamilton Lane from $156.00 to $170.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on shares of Hamilton Lane from $134.00 to $175.00 and gave the company a “neutral” rating in a research note on Thursday, November 7th. Keefe, Bruyette & Woods boosted their price objective on shares of Hamilton Lane from $181.00 to $215.00 and gave the stock a “market perform” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price objective on shares of Hamilton Lane from $182.00 to $190.00 and gave the company an “equal weight” rating in a report on Monday, November 11th. Finally, The Goldman Sachs Group increased their price target on Hamilton Lane from $139.00 to $147.00 and gave the company a “neutral” rating in a research report on Thursday, October 3rd. Seven analysts have rated the stock with a hold rating, According to MarketBeat, Hamilton Lane currently has a consensus rating of “Hold” and an average target price of $180.33.

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.