Janus Henderson Group (NYSE:JHG) Price Target Raised to $50.00

Janus Henderson Group (NYSE:JHG) had its price target hoisted by Bank of America from $49.00 to $50.00 in a research note published on Thursday,Benzinga reports. Bank of America currently has a buy rating on the stock.

JHG has been the subject of a number of other reports. JPMorgan Chase & Co. boosted their target price on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Evercore ISI lifted their price objective on Janus Henderson Group from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Friday, September 5th. Zacks Research downgraded Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wells Fargo & Company raised their target price on Janus Henderson Group from $37.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Finally, Morgan Stanley upped their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Janus Henderson Group presently has an average rating of “Moderate Buy” and an average price target of $46.20.

Janus Henderson Group Price Performance

JHG opened at $45.54 on Thursday. The company’s 50-day simple moving average is $44.01 and its two-hundred day simple moving average is $39.11. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. The stock has a market capitalization of $7.10 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.09 and a beta of 1.54. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $46.68.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same period in the previous year, the business posted $0.85 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, analysts predict that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 11th were given a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Janus Henderson Group’s dividend payout ratio is presently 60.15%.

Insider Transactions at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares of the company’s stock, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the sale, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Norges Bank bought a new stake in Janus Henderson Group during the second quarter valued at about $86,180,000. AQR Capital Management LLC lifted its holdings in Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after purchasing an additional 1,773,964 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Janus Henderson Group by 4,233.1% in the 1st quarter. SG Americas Securities LLC now owns 834,380 shares of the company’s stock worth $30,163,000 after purchasing an additional 815,124 shares in the last quarter. Nuveen LLC bought a new position in Janus Henderson Group in the 1st quarter worth approximately $21,890,000. Finally, Hsbc Holdings PLC grew its holdings in Janus Henderson Group by 821.8% during the 1st quarter. Hsbc Holdings PLC now owns 463,104 shares of the company’s stock valued at $16,519,000 after buying an additional 412,865 shares in the last quarter. Hedge funds and other institutional investors 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.