Janus Henderson Group (NYSE:JHG) Hits New 52-Week High on Analyst Upgrade

Janus Henderson Group plc (NYSE:JHG) hit a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $35.00 to $36.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Janus Henderson Group traded as high as $33.31 and last traded at $32.80, with a volume of 435339 shares trading hands. The stock had previously closed at $32.55.

A number of other brokerages have also commented on JHG. 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 note on Wednesday, April 17th. The Goldman Sachs Group upped their target price 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. StockNews.com upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TD Cowen started coverage on Janus Henderson Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $30.00 price objective for the company. Finally, UBS Group increased their price objective on Janus Henderson Group from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Janus Henderson Group currently has a consensus rating of “Hold” and an average price target of $28.93.

Insider Activity at Janus Henderson Group

In related 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 sale, the insider now owns 101,623 shares of the company’s stock, valued at approximately $3,143,199.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other 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 transaction of $682,810.68. Following the completion of the transaction, the insider now directly owns 101,623 shares in the company, valued at approximately $3,143,199.39. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction that occurred on 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 $114,074.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 70,133 shares of company stock valued at $2,172,459. 20.00% of the stock is owned by insiders.

Institutional Trading of Janus Henderson Group

Several institutional investors have recently added to or reduced their stakes in the company. Greenwood Capital Associates LLC lifted its position in shares of Janus Henderson Group by 0.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock valued at $1,376,000 after acquiring an additional 350 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Janus Henderson Group by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after acquiring an additional 369 shares during the period. Retirement Systems of Alabama lifted its position in shares of Janus Henderson Group by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock valued at $5,474,000 after acquiring an additional 439 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Janus Henderson Group by 10.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 5,316 shares of the company’s stock valued at $175,000 after acquiring an additional 490 shares during the period. Finally, Hexagon Capital Partners LLC lifted its position in shares of Janus Henderson Group by 72.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock valued at $36,000 after acquiring an additional 509 shares during the period. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92. The company has a market cap of $5.30 billion, a price-to-earnings ratio of 12.47, a PEG ratio of 1.54 and a beta of 1.53. The business has a fifty day moving average price of $31.83 and a 200 day moving average price of $29.29.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The company had revenue of $551.70 million during the quarter, compared to analysts’ expectations of $547.20 million. During the same quarter in the previous year, the firm earned $0.55 EPS. Janus Henderson Group’s revenue was up 11.3% on a year-over-year basis. As a group, research analysts anticipate that Janus Henderson Group plc will post 2.85 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.72%. Janus Henderson Group’s dividend payout ratio (DPR) is currently 58.87%.

Janus Henderson Group Company Profile

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.