JPMorgan Chase & Co. Raises Janus Henderson Group (NYSE:JHG) Price Target to $47.00

Janus Henderson Group (NYSE:JHG) had its price target boosted by research analysts at JPMorgan Chase & Co. from $44.00 to $47.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 12.63% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Cowen restated a “buy” rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Evercore ISI boosted their target price on Janus Henderson Group from $33.00 to $35.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Morgan Stanley boosted their target price on Janus Henderson Group from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Finally, The Goldman Sachs Group dropped their target price on Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus target price of $43.33.

Janus Henderson Group Trading Up 1.7%

Shares of NYSE:JHG opened at $41.73 on Wednesday. Janus Henderson Group has a 12-month low of $28.26 and a 12-month high of $46.68. The business’s fifty day simple moving average is $38.06 and its 200-day simple moving average is $38.39. The company has a market capitalization of $6.57 billion, a PE ratio of 16.56, a P/E/G ratio of 1.30 and a beta of 1.43. The company has a current ratio of 4.38, a quick ratio of 2.67 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The firm had revenue of $621.40 million for the quarter, compared to the consensus estimate of $623.56 million. During the same period in the previous year, the business earned $0.71 EPS. The firm’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, equities research analysts predict that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group lifted its holdings in shares of Janus Henderson Group by 182.2% in the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock valued at $33,000 after buying an additional 594 shares during the period. UMB Bank n.a. lifted its holdings in shares of Janus Henderson Group by 48.9% in the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock valued at $42,000 after buying an additional 385 shares during the period. True Wealth Design LLC lifted its holdings in shares of Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock valued at $43,000 after buying an additional 409 shares during the period. Allworth Financial LP lifted its holdings in shares of Janus Henderson Group by 87.9% in the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock valued at $48,000 after buying an additional 684 shares during the period. Finally, Bessemer Group Inc. raised its holdings in Janus Henderson Group by 825.2% in the 4th quarter. Bessemer Group Inc. now owns 1,286 shares of the company’s stock worth $55,000 after purchasing an additional 1,147 shares during the period. Institutional investors and hedge funds 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.