JPMorgan Chase & Co. Increases Janus Henderson Group (NYSE:JHG) Price Target to $35.00

Janus Henderson Group (NYSE:JHG) had its target price increased by research analysts at JPMorgan Chase & Co. from $31.00 to $35.00 in a note issued to investors on Tuesday, Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 10.31% from the stock’s current price.

A number of other equities analysts have also issued reports on the company. TD Cowen started coverage on Janus Henderson Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $30.00 target price on the stock. StockNews.com raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. UBS Group upped their target price on Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Friday, April 12th. Morgan Stanley upped their target price on Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Finally, The Goldman Sachs Group upped their target price on Janus Henderson Group from $29.00 to $32.00 and gave the company a “sell” rating in a research report on Tuesday, April 2nd. Two analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and a consensus target price of $28.83.

Janus Henderson Group Stock Up 1.6 %

NYSE JHG traded up $0.49 on Tuesday, reaching $31.73. The company had a trading volume of 146,656 shares, compared to its average volume of 1,087,232. The firm has a market capitalization of $5.12 billion, a PE ratio of 13.35, a P/E/G ratio of 1.48 and a beta of 1.52. Janus Henderson Group has a 1 year low of $22.17 and a 1 year high of $33.25. The firm has a 50-day moving average of $31.63 and a 200-day moving average of $28.75. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The company had revenue of $568.50 million for the quarter, compared to analyst estimates of $520.26 million. During the same period in the prior year, the company posted $0.61 EPS. Janus Henderson Group’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities research analysts anticipate that Janus Henderson Group will post 2.8 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CAO Brennan A. Hughes sold 1,812 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the completion of the transaction, the chief accounting officer now directly owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Georgina Fogo sold 3,029 shares of the company’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $31.07, for a total transaction of $94,111.03. Following the completion of the transaction, the insider now directly owns 124,230 shares in the company, valued at approximately $3,859,826.10. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock worth $2,172,459 in the last three months. 20.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Confluence Wealth Services Inc. grew its stake in shares of Janus Henderson Group by 8.7% in the first quarter. Confluence Wealth Services Inc. now owns 26,386 shares of the company’s stock worth $868,000 after purchasing an additional 2,103 shares in the last quarter. State of Michigan Retirement System grew its stake in shares of Janus Henderson Group by 2.2% in the first quarter. State of Michigan Retirement System now owns 32,513 shares of the company’s stock worth $1,069,000 after purchasing an additional 700 shares in the last quarter. Janiczek Wealth Management LLC grew its stake in shares of Janus Henderson Group by 28.8% in the first quarter. Janiczek Wealth Management LLC now owns 8,362 shares of the company’s stock worth $275,000 after purchasing an additional 1,872 shares in the last quarter. DGS Capital Management LLC grew its stake in shares of Janus Henderson Group by 14.4% in the first quarter. DGS Capital Management LLC now owns 12,678 shares of the company’s stock worth $417,000 after purchasing an additional 1,598 shares in the last quarter. Finally, Clarus Wealth Advisors bought a new position in shares of Janus Henderson Group in the first quarter worth $205,000. Institutional investors own 87.94% of the company’s stock.

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.