Janus Henderson Group (NYSE:JHG) Reaches New 52-Week High – Still a Buy?

Janus Henderson Group plc (NYSE:JHG)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $40.33 and last traded at $40.29, with a volume of 22875 shares traded. The stock had previously closed at $39.95.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on JHG. Evercore ISI upped their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock an “in-line” rating in a research note on Friday, October 4th. Wells Fargo & Company upped their price objective on Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft boosted their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, UBS Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $33.00 to $37.00 in a research note on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $37.00.

Janus Henderson Group Stock Performance

The stock has a market capitalization of $6.46 billion, a P/E ratio of 13.88, a P/E/G ratio of 0.77 and a beta of 1.50. The company has a quick ratio of 2.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.07. The stock has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $34.86.

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, topping analysts’ consensus estimates of $0.74 by $0.11. The business had revenue of $588.40 million for the quarter, compared to the consensus estimate of $568.79 million. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period in the previous year, the company earned $0.62 earnings per share. On average, equities analysts forecast that Janus Henderson Group plc will post 3.26 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a $0.39 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.85%. Janus Henderson Group’s payout ratio is 53.42%.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus purchased 189,856 shares of the stock in a transaction on Wednesday, July 24th. The shares were purchased at an average price of $3.20 per share, with a total value of $607,539.20. Following the completion of the transaction, the insider now directly owns 2,081,168 shares in the company, valued at $6,659,737.60. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, major shareholder Henderson Group Plc Janus acquired 189,856 shares of Janus Henderson Group stock in a transaction on Wednesday, July 24th. The stock was purchased at an average cost of $3.20 per share, with a total value of $607,539.20. Following the completion of the transaction, the insider now directly owns 2,081,168 shares in the company, valued at $6,659,737.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,651 shares of company stock worth $918,158. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds have recently bought and sold shares of the stock. Millennium Management LLC increased its stake in shares of Janus Henderson Group by 43.5% during the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock worth $201,205,000 after purchasing an additional 1,809,249 shares during the period. AQR Capital Management LLC boosted its stake in Janus Henderson Group by 64.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock valued at $40,677,000 after purchasing an additional 473,308 shares during the period. Dimensional Fund Advisors LP grew its holdings in Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after buying an additional 344,582 shares in the last quarter. Marshall Wace LLP increased its position in Janus Henderson Group by 48.7% during the 2nd quarter. Marshall Wace LLP now owns 1,000,823 shares of the company’s stock worth $33,738,000 after buying an additional 327,819 shares during the period. Finally, Smith Group Asset Management LLC acquired a new stake in shares of Janus Henderson Group during the first quarter worth $7,190,000. 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.