Janus Henderson Group (NYSE:JHG) Upgraded at Zacks Research

Zacks Research upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a strong-buy rating in a research report report published on Tuesday morning,Zacks.com reports.

A number of other research firms have also recently issued reports on JHG. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Evercore lowered their price target on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Morgan Stanley raised their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Two investment analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $47.67.

Janus Henderson Group Price Performance

Shares of JHG opened at $48.56 on Tuesday. The business’s 50-day moving average is $47.35 and its 200-day moving average is $44.97. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.02 and a quick ratio of 2.15. The company has a market capitalization of $7.50 billion, a price-to-earnings ratio of 9.23, a P/E/G ratio of 1.38 and a beta of 1.54. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $49.42.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm had revenue of $996.60 million for the quarter, compared to the consensus estimate of $763.09 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The firm’s revenue was up 61.3% on a year-over-year basis. Equities research analysts expect that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Institutional Trading of Janus Henderson Group

Several large investors have recently modified their holdings of JHG. DRW Securities LLC bought a new position in Janus Henderson Group in the 4th quarter worth $232,000. Renaissance Technologies LLC bought a new position in shares of Janus Henderson Group in the fourth quarter worth about $3,925,000. Bank of Montreal Can lifted its position in shares of Janus Henderson Group by 159.6% during the 4th quarter. Bank of Montreal Can now owns 39,723 shares of the company’s stock worth $1,890,000 after purchasing an additional 24,419 shares during the last quarter. Swiss National Bank lifted its position in shares of Janus Henderson Group by 0.7% during the 4th quarter. Swiss National Bank now owns 246,105 shares of the company’s stock worth $11,707,000 after purchasing an additional 1,700 shares during the last quarter. Finally, Aviva PLC boosted its stake in Janus Henderson Group by 9.9% during the 4th quarter. Aviva PLC now owns 13,029 shares of the company’s stock valued at $620,000 after purchasing an additional 1,169 shares during the period. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Company Profile

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.