Janus Henderson Group (NYSE:JHG) Cut to Hold at Zacks Research

Zacks Research lowered shares of Janus Henderson Group (NYSE:JHG) from a strong-buy rating to a hold rating in a report published on Monday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Cowen reaffirmed a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Wall Street Zen lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Morgan Stanley upped their target price on 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. Wells Fargo & Company upped their target price on 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, Evercore ISI upped their target price on Janus Henderson Group from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Friday, September 5th. Five equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $44.78.

Janus Henderson Group Trading Up 0.6%

JHG opened at $44.60 on Monday. The firm has a market cap of $6.96 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 1.07 and a beta of 1.51. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $46.68. The stock has a fifty day moving average price of $42.86 and a 200-day moving average price of $38.44.

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

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. Janus Henderson Group’s dividend payout ratio is presently 60.15%.

Insider Activity at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the company’s stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the sale, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 19.60% of the stock is owned by insiders.

Institutional Trading of Janus Henderson Group

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group boosted its stake in shares of Janus Henderson Group by 182.2% in the first quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock worth $33,000 after buying an additional 594 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of Janus Henderson Group in the second quarter worth about $37,000. UMB Bank n.a. boosted its stake in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock worth $42,000 after buying an additional 385 shares during the last quarter. Allworth Financial LP boosted its stake in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $48,000 after buying an additional 684 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Janus Henderson Group by 82.3% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company’s stock worth $83,000 after buying an additional 1,038 shares during the last quarter. Hedge funds and other institutional investors 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.