Wall Street Zen Upgrades Janus Henderson Group (NYSE:JHG) to Buy

Janus Henderson Group (NYSE:JHG) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued on Saturday.

Several other analysts have also commented on JHG. Evercore ISI increased their price target on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. Morgan Stanley increased their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Wells Fargo & Company increased their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Finally, Cowen reissued a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Five investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $43.33.

Janus Henderson Group Stock Down 1.9%

NYSE:JHG opened at $43.30 on Friday. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68. The company has a 50-day moving average of $40.51 and a 200 day moving average of $38.45. The firm has a market cap of $6.75 billion, a PE ratio of 16.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same period in the prior year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider owned 58,057 shares in the company, valued at approximately $2,500,514.99. This represents a 54.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently bought and sold shares of JHG. Wells Fargo & Company MN grew its stake in shares of Janus Henderson Group by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,755 shares of the company’s stock worth $372,000 after purchasing an additional 339 shares during the period. Envestnet Asset Management Inc. grew its stake in Janus Henderson Group by 4.1% in the 4th quarter. Envestnet Asset Management Inc. now owns 248,540 shares of the company’s stock valued at $10,570,000 after acquiring an additional 9,896 shares during the period. Renaissance Technologies LLC acquired a new stake in Janus Henderson Group in the 4th quarter valued at $3,198,000. Raymond James Financial Inc. acquired a new stake in Janus Henderson Group in the 4th quarter valued at $726,000. Finally, Townsquare Capital LLC acquired a new stake in Janus Henderson Group in the 4th quarter valued at $260,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

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.