Janus Henderson Group plc (NYSE:JHG) Given Average Recommendation of “Moderate Buy” by Brokerages

Janus Henderson Group plc (NYSE:JHG) has been assigned a consensus rating of “Moderate Buy” from the ten analysts that are covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $47.3750.

Several equities analysts recently issued reports on the company. Evercore decreased 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 note on Monday, December 22nd. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Bank of America reissued a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th.

Janus Henderson Group Stock Down 0.4%

Shares of NYSE JHG opened at $50.18 on Monday. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $49.10 and its two-hundred day moving average is $46.08. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $53.76. The firm has a market cap of $7.73 billion, a price-to-earnings ratio of 9.54, a PEG ratio of 1.43 and a beta of 1.53.

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

Insiders Place Their Bets

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of the stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the sale, the insider directly owned 12,204 shares in the company, valued at $625,332.96. This represents a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CTO William B. Cassidy sold 16,947 shares of the business’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the transaction, the chief technology officer owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,229 shares of company stock worth $7,239,650 in the last ninety days. 20.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Janus Henderson Group in the fourth quarter valued at approximately $117,881,000. AQR Capital Management LLC grew its holdings in Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after acquiring an additional 1,773,964 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Janus Henderson Group in the 4th quarter valued at approximately $79,861,000. Millennium Management LLC increased its position in shares of Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after purchasing an additional 1,154,481 shares during the last quarter. Finally, Soros Fund Management LLC purchased a new stake in shares of Janus Henderson Group in the 4th quarter valued at approximately $47,427,000. 87.94% of the stock is owned by institutional investors and hedge funds.

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.