Morgan Stanley Raises Janus Henderson Group (NYSE:JHG) Price Target to $33.00

Janus Henderson Group (NYSE:JHG) had its target price lifted by analysts at Morgan Stanley from $30.00 to $33.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s target price suggests a potential upside of 8.27% from the stock’s current price.

A number of other research analysts have also recently issued reports on the company. TD Cowen began coverage on Janus Henderson Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $30.00 target price on the stock. JPMorgan Chase & Co. raised Janus Henderson Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $28.00 to $31.00 in a research note on Friday, February 2nd. The Goldman Sachs Group lifted their price target on Janus Henderson Group from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Tuesday, April 2nd. UBS Group lifted their price target on Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Finally, StockNews.com raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $28.43.

Janus Henderson Group Stock Down 0.8 %

Shares of NYSE JHG opened at $30.48 on Wednesday. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $33.25. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.76 and a current ratio of 3.89. The stock’s fifty day moving average is $31.62 and its 200 day moving average is $28.59. The stock has a market capitalization of $4.91 billion, a P/E ratio of 12.86, a PEG ratio of 1.51 and a beta of 1.52.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The firm had revenue of $568.50 million for the quarter, compared to analysts’ expectations of $520.26 million. During the same quarter in the previous year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. Sell-side analysts forecast that Janus Henderson Group will post 2.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Janus Henderson Group news, insider Georgina Fogo sold 22,076 shares of Janus Henderson Group stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the sale, the insider now directly owns 101,623 shares in the company, valued at $3,143,199.39. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, CAO Brennan A. Hughes sold 1,812 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the completion of the sale, the chief accounting officer now owns 3,535 shares in the company, valued at $114,074.45. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Georgina Fogo sold 22,076 shares of the business’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $682,810.68. Following the sale, the insider now owns 101,623 shares of the company’s stock, valued at approximately $3,143,199.39. The disclosure for this sale can be found here. Insiders have sold a total of 70,133 shares of company stock valued at $2,172,459 over the last ninety days. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently modified their holdings of JHG. Raymond James Financial Services Advisors Inc. bought a new stake in shares of Janus Henderson Group during the first quarter valued at approximately $218,000. US Bancorp DE grew its holdings in Janus Henderson Group by 5.7% during the first quarter. US Bancorp DE now owns 10,109 shares of the company’s stock worth $354,000 after buying an additional 542 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Janus Henderson Group by 100.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,194 shares of the company’s stock worth $392,000 after buying an additional 5,599 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Janus Henderson Group by 10.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,107 shares of the company’s stock worth $215,000 after buying an additional 585 shares in the last quarter. Finally, Panagora Asset Management Inc. grew its holdings in Janus Henderson Group by 7.4% during the first quarter. Panagora Asset Management Inc. now owns 6,695 shares of the company’s stock worth $234,000 after buying an additional 459 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

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.