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

Zacks Research downgraded shares of Janus Henderson Group (NYSE:JHG) from a strong-buy rating to a hold rating in a report released on Monday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. Evercore reduced their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. TD Cowen downgraded 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. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Friday, March 27th. Finally, Morgan Stanley lifted their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $48.29.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $51.56 on Monday. The stock has a fifty day moving average price of $50.31 and a 200 day moving average price of $46.91. The stock has a market cap of $7.94 billion, a PE ratio of 9.80, a P/E/G ratio of 1.47 and a beta of 1.50. Janus Henderson Group has a 1 year low of $28.68 and a 1 year high of $53.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18.

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

Insider Buying and Selling at Janus Henderson Group

In other Janus Henderson Group news, 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 value of $885,819.69. Following the completion of the transaction, the chief technology officer directly owned 118,939 shares in the company, valued at approximately $6,216,941.53. The trade was a 12.47% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Megan Podzorov sold 1,650 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the transaction, the insider owned 12,204 shares of the company’s stock, valued at $625,332.96. This trade represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 146,229 shares of company stock worth $7,239,650. Insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings in shares of Janus Henderson Group by 29.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after buying an additional 215 shares during the last quarter. Cibc World Market Inc. increased its holdings in shares of Janus Henderson Group by 2.9% during the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock worth $375,000 after buying an additional 234 shares during the last quarter. Addison Advisors LLC increased its holdings in shares of Janus Henderson Group by 42.3% during the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after buying an additional 243 shares during the last quarter. Inscription Capital LLC increased its holdings in shares of Janus Henderson Group by 2.0% during the 4th quarter. Inscription Capital LLC now owns 13,938 shares of the company’s stock worth $663,000 after buying an additional 279 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its holdings in shares of Janus Henderson Group by 4.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company’s stock worth $308,000 after buying an additional 308 shares during the last quarter. 87.94% of the stock is currently 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.