Janus Henderson Group (NYSE:JHG) Upgraded at BMO Capital Markets

BMO Capital Markets upgraded shares of Janus Henderson Group (NYSE:JHG) to a strong-buy rating in a report published on Thursday,Zacks.com reports.

JHG has been the topic of several other research reports. Wells Fargo & Company raised 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. Wall Street Zen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Saturday, August 30th. Evercore ISI lifted their target price on shares of Janus Henderson Group from $45.00 to $48.00 and gave the stock an “in-line” rating in a research report on Friday, September 5th. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Morgan Stanley lifted their target price on shares of 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. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $46.20.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $45.54 on Thursday. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 17.12, a PEG ratio of 1.09 and a beta of 1.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. The firm’s 50-day simple moving average is $44.01 and its 200 day simple moving average is $39.11.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts’ expectations of $614.46 million. During the same quarter last year, the firm earned $0.85 EPS. 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 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

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

Insider Buying and Selling

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

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds have recently modified their holdings of the stock. Brooklyn Investment Group raised 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 worth $33,000 after purchasing an additional 594 shares during the period. Traub Capital Management LLC bought a new stake in Janus Henderson Group during the 2nd quarter valued at $37,000. UMB Bank n.a. raised its holdings in Janus Henderson Group by 48.9% during the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock valued at $42,000 after acquiring an additional 385 shares during the period. Allworth Financial LP raised its holdings in Janus Henderson Group by 87.9% during the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock valued at $48,000 after acquiring an additional 684 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Janus Henderson Group by 82.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company’s stock valued at $83,000 after acquiring an additional 1,038 shares during the period. Institutional investors 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.