Janus Henderson Group (NYSE:JHG) Downgraded to “Hold” at StockNews.com

StockNews.com downgraded shares of Janus Henderson Group (NYSE:JHG) from a buy rating to a hold rating in a research note issued to investors on Friday.

JHG has been the topic of several other research reports. Morgan Stanley upped their price objective on Janus Henderson Group from $30.00 to $33.00 and gave the stock an equal weight rating in a report on Wednesday, April 17th. The Goldman Sachs Group upped their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the stock a sell rating in a report on Tuesday, April 2nd. UBS Group upped their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a research report on Friday, April 12th. JPMorgan Chase & Co. upped their target price on shares of Janus Henderson Group from $35.00 to $36.00 and gave the company a neutral rating in a research report on Friday. Finally, TD Cowen initiated coverage on shares of Janus Henderson Group in a research report on Thursday, January 4th. They set a market perform rating and a $30.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus target price of $28.93.

Janus Henderson Group Stock Up 1.5 %

Shares of JHG opened at $33.04 on Friday. The company has a market capitalization of $5.30 billion, a P/E ratio of 12.47, a PEG ratio of 1.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.92 and a quick ratio of 2.64. Janus Henderson Group has a one year low of $22.17 and a one year high of $33.31. The business’s 50 day simple moving average is $31.83 and its 200-day simple moving average is $29.29.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, May 2nd. The company reported $0.71 EPS for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $551.70 million for the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. Janus Henderson Group’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.55 EPS. As a group, sell-side analysts predict that Janus Henderson Group will post 2.85 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, May 10th. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 30,656 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $948,190.08. Following the completion of the transaction, the chief financial officer now owns 126,439 shares in the company, valued at approximately $3,910,758.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Janus Henderson Group news, CFO Roger Mj Thompson sold 30,656 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $948,190.08. Following the completion of the transaction, the chief financial officer now owns 126,439 shares in the company, valued at approximately $3,910,758.27. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total value of $58,473.24. Following the transaction, the chief accounting officer now owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock worth $2,172,459 in the last quarter. Corporate insiders own 20.00% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

A number of large investors have recently modified their holdings of JHG. Duality Advisers LP acquired a new stake in Janus Henderson Group in the 1st quarter valued at about $2,741,000. Texas Permanent School Fund Corp lifted its stake in Janus Henderson Group by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 115,986 shares of the company’s stock valued at $3,815,000 after purchasing an additional 1,502 shares during the last quarter. WBI Investments LLC acquired a new stake in Janus Henderson Group in the 1st quarter valued at about $841,000. Graypoint LLC lifted its stake in Janus Henderson Group by 27.7% in the 1st quarter. Graypoint LLC now owns 9,811 shares of the company’s stock valued at $323,000 after purchasing an additional 2,131 shares during the last quarter. Finally, 1834 Investment Advisors Co. lifted its stake in Janus Henderson Group by 283.7% in the 1st quarter. 1834 Investment Advisors Co. now owns 95,562 shares of the company’s stock valued at $3,143,000 after purchasing an additional 70,655 shares during 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.