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

Janus Henderson Group plc (NYSE:JHG) has been given an average rating of “Hold” by the eleven research firms that are currently covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $47.6667.

JHG has been the topic of a number of analyst reports. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 8th. TD Cowen lowered Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research note on Tuesday, December 23rd. BMO Capital Markets assumed coverage on Janus Henderson Group in a report on Friday, October 3rd. They set an “outperform” rating and a $52.00 price objective on the stock. Bank of America reiterated a “neutral” rating and issued a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Finally, Evercore ISI reduced their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research report on Monday, December 22nd.

Janus Henderson Group Trading Down 0.3%

Shares of JHG stock opened at $47.97 on Friday. The firm has a 50-day moving average price of $45.93 and a 200 day moving average price of $44.37. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $49.42. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.07, a PEG ratio of 0.78 and a beta of 1.54. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last released its quarterly 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 for the quarter, compared to analysts’ expectations 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 revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period last year, the company earned $0.91 EPS. Research analysts forecast 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 disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Monday, November 10th. Janus Henderson Group’s dividend payout ratio is presently 46.92%.

Hedge Funds Weigh In On Janus Henderson Group

Several institutional investors and hedge funds have recently bought and sold shares of JHG. Cibc World Market Inc. boosted its holdings in shares of Janus Henderson Group by 2.9% in the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after purchasing an additional 234 shares during the last quarter. AMG National Trust Bank raised its position in shares of Janus Henderson Group by 0.9% in the 2nd quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock worth $1,039,000 after buying an additional 237 shares during the period. Addison Advisors LLC boosted its holdings in Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 243 shares during the last quarter. J. W. Coons Advisors LLC grew its position in Janus Henderson Group by 2.5% during the second quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock valued at $414,000 after acquiring an additional 265 shares during the period. Finally, PNC Financial Services Group Inc. grew 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 acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 87.94% of the company’s stock.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.