Janus Henderson Group plc (NYSE:JHG) Receives Average Recommendation of “Buy” from Analysts

Shares of Janus Henderson Group plc (NYSE:JHG) have been given an average recommendation of “Buy” by the twelve research firms that are covering the company, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and two have issued a strong buy rating on the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $48.1111.

A number of equities research analysts have commented on JHG shares. TD Cowen increased their price objective on shares of Janus Henderson Group from $52.00 to $55.00 and gave the company a “buy” rating in a research report on Friday, October 31st. Weiss Ratings reiterated a “buy (b-)” rating on shares of Janus Henderson Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Morgan Stanley reaffirmed a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Finally, Cowen reaffirmed a “buy” rating on shares of Janus Henderson Group in a research report on Friday, October 31st.

Janus Henderson Group Stock Performance

Shares of JHG opened at $43.78 on Tuesday. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $49.42. The stock has a market capitalization of $6.76 billion, a PE ratio of 16.46, a PEG ratio of 0.96 and a beta of 1.59. 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 stock has a 50-day simple moving average of $44.02 and a 200-day simple moving average of $41.07.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $695.57 million. During the same quarter last year, the company earned $0.91 earnings per share. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, analysts predict 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 will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, November 10th. Janus Henderson Group’s dividend payout ratio is currently 46.92%.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The shares were 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 owned 113,097 shares in the company, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. raised its stake in Janus Henderson Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company’s stock worth $514,311,000 after acquiring an additional 78,321 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Janus Henderson Group by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock worth $198,162,000 after purchasing an additional 155,947 shares during the last quarter. State Street Corp lifted its holdings in shares of Janus Henderson Group by 0.6% in the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company’s stock valued at $177,812,000 after purchasing an additional 28,114 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after purchasing an additional 1,773,964 shares during the period. Finally, Norges Bank acquired a new stake in shares of Janus Henderson Group in the 2nd quarter valued at about $86,180,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.