Deutsche Bank Aktiengesellschaft Boosts Janus Henderson Group (NYSE:JHG) Price Target to $37.00

Janus Henderson Group (NYSE:JHG) had its price target increased by analysts at Deutsche Bank Aktiengesellschaft from $36.00 to $37.00 in a report issued on Thursday, Benzinga reports. The firm currently has a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price indicates a potential upside of 2.64% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on JHG. JPMorgan Chase & Co. increased their target price on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Morgan Stanley increased their price objective on Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. StockNews.com upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Monday, August 5th. TD Cowen upped their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Finally, UBS Group lifted their price target on shares of Janus Henderson Group from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and a consensus price target of $32.26.

Janus Henderson Group Stock Performance

Janus Henderson Group stock traded up $1.03 during trading hours on Thursday, hitting $36.05. The stock had a trading volume of 254,685 shares, compared to its average volume of 1,074,139. The company has a 50-day moving average of $34.58 and a two-hundred day moving average of $32.86. 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 fifty-two week low of $22.17 and a fifty-two week high of $39.11. The company has a market cap of $5.74 billion, a PE ratio of 13.62, a price-to-earnings-growth ratio of 0.69 and a beta of 1.51.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate 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 period in the previous year, the business earned $0.62 EPS. The firm’s revenue was up 13.9% on a year-over-year basis. On average, equities research analysts anticipate that Janus Henderson Group will post 3.23 EPS for the current fiscal year.

Insider Activity

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus purchased 166,042 shares of the stock in a transaction on Wednesday, July 3rd. The stock was bought at an average cost of $3.55 per share, for a total transaction of $589,449.10. Following the completion of the acquisition, the insider now directly owns 1,648,577 shares of the company’s stock, valued at $5,852,448.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders bought 487,179 shares of company stock valued at $1,650,371 in the last quarter. Company insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

Hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Janus Henderson Group by 25.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,902 shares of the company’s stock worth $540,000 after purchasing an additional 3,589 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Janus Henderson Group during the 4th quarter worth about $1,122,000. Mackenzie Financial Corp bought a new stake in shares of Janus Henderson Group in the 4th quarter valued at about $218,000. Greenleaf Trust acquired a new stake in shares of Janus Henderson Group in the fourth quarter valued at approximately $219,000. Finally, Wedge Capital Management L L P NC boosted its position in Janus Henderson Group by 24.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 31,104 shares of the company’s stock worth $938,000 after purchasing an additional 6,174 shares during the period. 87.94% of the stock is owned by institutional investors.

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.