Janus Henderson Group (NYSE:JHG) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a report published on Monday morning.

JHG has been the subject of a number of other research reports. UBS Group lifted their price target on Janus Henderson Group from $30.00 to $31.00 and gave the stock a sell rating in a research report on Wednesday, July 10th. JPMorgan Chase & Co. raised their price objective on Janus Henderson Group from $38.00 to $39.00 and gave the stock a neutral rating in a research note on Friday, August 2nd. Morgan Stanley upped their target price on Janus Henderson Group from $30.00 to $33.00 and gave the company an equal weight rating in a research report on Wednesday, April 17th. Finally, TD Cowen raised their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a buy rating in a research report on Monday, July 8th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of Hold and a consensus target price of $30.92.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $34.31 on Monday. The company has a 50 day moving average price of $34.46 and a 200 day moving average price of $32.68. The firm has a market capitalization of $5.46 billion, a P/E ratio of 12.95, a PEG ratio of 0.68 and a beta of 1.51. The company has a quick ratio of 2.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $39.11.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The business had revenue of $588.40 million for the quarter, compared to analyst estimates of $568.79 million. During the same quarter in the prior year, the business posted $0.62 EPS. Janus Henderson Group’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts expect that Janus Henderson Group will post 3.23 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Investors of record on Monday, August 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.55%. The ex-dividend date of this dividend is Monday, August 12th. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

Insider Activity

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus acquired 189,856 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was acquired at an average cost of $3.20 per share, for a total transaction of $607,539.20. Following the completion of the transaction, the insider now directly owns 2,081,168 shares of the company’s stock, valued at $6,659,737.60. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have acquired 487,179 shares of company stock worth $1,650,371 in the last ninety days. Company insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds have recently modified their holdings of JHG. Miller Howard Investments Inc. NY lifted its holdings in Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after acquiring an additional 282 shares during the last quarter. Greenwood Capital Associates LLC increased its stake in shares of Janus Henderson Group by 0.8% during the fourth quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock worth $1,376,000 after buying an additional 350 shares during the period. EverSource Wealth Advisors LLC increased its position in shares of Janus Henderson Group by 39.7% in the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after purchasing an additional 369 shares during the last quarter. Graypoint LLC raised its stake in Janus Henderson Group by 4.2% in the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock valued at $345,000 after buying an additional 410 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in shares of Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after acquiring an additional 419 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

About Janus Henderson Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.