Evercore ISI Raises Janus Henderson Group (NYSE:JHG) Price Target to $37.00

Janus Henderson Group (NYSE:JHG) had its price objective raised by Evercore ISI from $36.00 to $37.00 in a research note released on Friday morning, Benzinga reports. Evercore ISI currently has an in-line rating on the stock.

A number of other brokerages have also recently commented on JHG. The Goldman Sachs Group lifted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the stock a sell rating in a research report on Thursday. TD Cowen lifted their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock a buy rating in a research report on Monday, July 8th. JPMorgan Chase & Co. boosted their price objective on Janus Henderson Group from $38.00 to $39.00 and gave the company a neutral rating in a report on Friday, August 2nd. Wells Fargo & Company assumed coverage on Janus Henderson Group in a report on Thursday, September 12th. They issued an equal weight rating and a $37.00 price objective for the company. Finally, UBS Group raised Janus Henderson Group from a sell rating to a neutral rating and boosted their price objective for the company from $33.00 to $37.00 in a report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Janus Henderson Group has a consensus rating of Hold and a consensus target price of $34.63.

Janus Henderson Group Trading Up 3.4 %

Shares of NYSE:JHG opened at $38.94 on Friday. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $6.20 billion, a PE ratio of 14.69, a P/E/G ratio of 0.76 and a beta of 1.50. Janus Henderson Group has a 12-month low of $22.17 and a 12-month high of $39.11. The business’s fifty day simple moving average is $36.65 and its 200-day simple moving average is $34.49.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The business’s quarterly revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 EPS. As a group, equities research analysts predict that Janus Henderson Group will post 3.23 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a dividend of $0.39 per share. The ex-dividend date was Monday, August 12th. This represents a $1.56 annualized dividend and a yield of 4.01%. Janus Henderson Group’s dividend payout ratio (DPR) is currently 58.87%.

Insiders Place Their Bets

In other news, major shareholder Henderson Group Plc Janus acquired 189,856 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $607,539.20. Following the purchase, the insider now owns 2,081,168 shares in the company, valued at approximately $6,659,737.60. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total value of $318,420.00. Following the transaction, the chief financial officer now owns 139,171 shares of the company’s stock, valued at $4,923,869.98. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Henderson Group Plc Janus acquired 189,856 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were purchased at an average cost of $3.20 per share, for a total transaction of $607,539.20. Following the acquisition, the insider now owns 2,081,168 shares of the company’s stock, valued at approximately $6,659,737.60. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 251,137 shares of company stock worth $816,488 and sold 25,651 shares worth $918,158. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc acquired a new position in Janus Henderson Group in the 2nd quarter valued at $34,000. Larson Financial Group LLC raised its stake in shares of Janus Henderson Group by 401.6% in the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Janus Henderson Group by 41.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock valued at $47,000 after purchasing an additional 419 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Janus Henderson Group by 159.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock valued at $82,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Acadian Asset Management LLC raised its stake in Janus Henderson Group by 94.5% during the second quarter. Acadian Asset Management LLC now owns 2,904 shares of the company’s stock worth $97,000 after acquiring an additional 1,411 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 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.