Janus Henderson Group (NYSE:JHG) Coverage Initiated by Analysts at BMO Capital Markets

BMO Capital Markets initiated coverage on shares of Janus Henderson Group (NYSE:JHG) in a research note issued to investors on Friday, Marketbeat.com reports. The brokerage issued an outperform rating and a $52.00 price objective on the stock.

Several other equities analysts have also recently commented on the company. Wall Street Zen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Morgan Stanley raised their target price on Janus Henderson Group from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research report on Wednesday, July 2nd. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Evercore ISI increased their price objective on shares of Janus Henderson Group from $45.00 to $48.00 and gave the company an “in-line” rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. lifted their target price 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. Seven research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $46.20.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock opened at $45.54 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91. The company has a market cap of $7.10 billion, a PE ratio of 17.12, a price-to-earnings-growth ratio of 1.08 and a beta of 1.54. The firm has a fifty day moving average price of $44.01 and a two-hundred day moving average price of $39.10. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $46.68.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating 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 business had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same quarter in the prior year, the business earned $0.85 earnings per share. The firm’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group’s dividend payout ratio (DPR) is currently 60.15%.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 27,491 shares of Janus Henderson Group stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the transaction, the chief financial officer owned 113,097 shares in the company, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Georgina Fogo sold 69,000 shares of the business’s stock in a transaction that occurred on 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 completion of the transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently bought and sold shares of the business. AMG National Trust Bank grew its holdings in shares of Janus Henderson Group by 0.9% during the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock worth $1,039,000 after purchasing an additional 237 shares during the last quarter. J. W. Coons Advisors LLC lifted its position in Janus Henderson Group by 2.5% during the 2nd quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock worth $414,000 after buying an additional 265 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Janus Henderson Group by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock worth $192,000 after acquiring an additional 274 shares during the last quarter. Louisiana State Employees Retirement System increased its position in Janus Henderson Group by 0.8% in the 1st quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company’s stock valued at $1,287,000 after acquiring an additional 300 shares in the last quarter. Finally, Arete Wealth Advisors LLC raised its stake in shares of Janus Henderson Group by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company’s stock worth $468,000 after acquiring an additional 309 shares during the last quarter. 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.