Janus Henderson Group (NYSE:JHG) Given New $44.00 Price Target at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its price objective increased by Morgan Stanley from $39.00 to $44.00 in a report released on Monday morning, Marketbeat reports. They currently have an equal weight rating on the stock.

JHG has been the subject of a number of other research reports. Bank of America raised their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. JPMorgan Chase & Co. upped their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. BMO Capital Markets assumed coverage on Janus Henderson Group in a research note on Friday. They issued an “outperform” rating and a $52.00 price objective on the stock. Finally, Evercore ISI raised their price target on shares of Janus Henderson Group from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $47.00.

Janus Henderson Group Stock Down 0.0%

Shares of NYSE JHG opened at $45.61 on Monday. The stock has a market capitalization of $7.11 billion, a P/E ratio of 17.15, a PEG ratio of 1.02 and a beta of 1.54. The stock’s fifty day moving average is $44.06 and its 200 day moving average is $39.18. Janus Henderson Group has a 52 week low of $28.26 and a 52 week high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49.

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 the consensus estimate of $0.84 by $0.06. The business had revenue of $633.20 million during the quarter, compared to the consensus estimate of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company’s revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 earnings per share. Sell-side analysts forecast that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

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

Insider Transactions at Janus Henderson Group

In related 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 sale, the chief financial officer owned 113,097 shares of the company’s stock, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Georgina Fogo sold 69,000 shares of the business’s stock in a transaction 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 completion of the sale, the insider owned 58,057 shares in the company, valued at approximately $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. Company insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

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