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

Janus Henderson Group plc (NYSE:JHGGet Free Report) reached a new 52-week high on Wednesday after UBS Group raised their price target on the stock from $30.00 to $31.00. UBS Group currently has a sell rating on the stock. Janus Henderson Group traded as high as $35.06 and last traded at $35.04, with a volume of 640291 shares traded. The stock had previously closed at $34.39.

Other equities analysts have also issued research reports about the company. The Goldman Sachs Group upped 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. StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Morgan Stanley increased their price objective on shares of Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. JPMorgan Chase & Co. boosted their target price on Janus Henderson Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research report on Friday, May 3rd. Finally, TD Cowen raised their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $30.59.

Check Out Our Latest Research Report on JHG

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Silchester International Investors LLP raised its stake in Janus Henderson Group by 6.5% in the fourth quarter. Silchester International Investors LLP now owns 14,888,669 shares of the company’s stock valued at $448,893,000 after buying an additional 914,200 shares in the last quarter. Norges Bank purchased a new stake in Janus Henderson Group in the fourth quarter valued at $20,791,000. Dimensional Fund Advisors LP boosted its stake in Janus Henderson Group by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,444,113 shares of the company’s stock valued at $224,442,000 after acquiring an additional 419,392 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in shares of Janus Henderson Group during the first quarter worth about $7,190,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in shares of Janus Henderson Group in the 1st quarter valued at about $6,793,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

The stock’s 50 day moving average is $33.57 and its two-hundred day moving average is $31.79. The company has a current ratio of 3.92, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. The stock has a market cap of $5.63 billion, a price-to-earnings ratio of 13.25, a PEG ratio of 0.99 and a beta of 1.51.

Janus Henderson Group (NYSE:JHGGet Free Report) last announced its quarterly earnings data on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $551.70 million for the quarter, compared to analyst estimates of $547.20 million. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.55 EPS. Analysts anticipate that Janus Henderson Group plc will post 2.98 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date of this dividend was Friday, May 10th. Janus Henderson Group’s dividend payout ratio (DPR) is currently 58.87%.

About Janus Henderson Group

(Get Free Report)

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.

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