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

Zacks Research cut 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.

A number of other equities analysts have also recently issued reports on the company. Wall Street Zen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, November 28th. Morgan Stanley restated a “positive” rating on shares of Janus Henderson Group in a research report on Monday, October 6th. Evercore ISI reaffirmed a “positive” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. TD Cowen increased their price target 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. Finally, Bank of America boosted their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $48.11.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $45.81 on Monday. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $49.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. The stock has a market cap of $7.08 billion, a P/E ratio of 13.44, a price-to-earnings-growth ratio of 0.83 and a beta of 1.57. The firm’s fifty day moving average price is $43.56 and its 200-day moving average price is $42.18.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. The company had revenue of $700.40 million during the quarter, compared to analyst estimates of $695.57 million. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The firm’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.91 earnings per share. On average, equities research analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.5%. Janus Henderson Group’s dividend payout ratio is presently 46.92%.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bessemer Group Inc. raised its position in shares of Janus Henderson Group by 134.6% in the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares in the last quarter. United Community Bank purchased a new stake in Janus Henderson Group in the third quarter worth $30,000. Brooklyn Investment Group grew its stake in 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 purchasing an additional 594 shares during the period. Quent Capital LLC bought a new position in Janus Henderson Group in the third quarter worth $36,000. Finally, Addison Advisors LLC lifted its position in Janus Henderson Group by 42.3% during the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 243 shares during the period. 87.94% of the stock is owned by 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.