Janus Henderson Group (NYSE:JHG) Sets New 12-Month High – Should You Buy?

Janus Henderson Group plc (NYSE:JHG) shares reached a new 52-week high on Monday . The company traded as high as $50.23 and last traded at $49.8510, with a volume of 174770 shares trading hands. The stock had previously closed at $50.20.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Bank of America restated a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Tuesday, December 23rd. Finally, Morgan Stanley lifted their target price on shares of 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. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Janus Henderson Group currently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Janus Henderson Group Trading Up 0.3%

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02. The stock has a 50-day moving average price of $48.02 and a two-hundred day moving average price of $45.36. The stock has a market capitalization of $7.68 billion, a P/E ratio of 9.46, a price-to-earnings-growth ratio of 1.42 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $763.09 million. During the same quarter last year, the firm posted $1.07 earnings per share. The business’s revenue was up 61.3% compared to the same quarter last year. On average, research analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Insider Activity

In related news, CEO Ali Dibadj sold 127,632 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the transaction, the chief executive officer owned 449,078 shares in the company, valued at $22,058,711.36. The trade was a 22.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors have recently modified their holdings of the stock. Royal Bank of Canada boosted its stake in shares of Janus Henderson Group by 38.3% in the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after acquiring an additional 31,889 shares during the last quarter. Amundi increased its position in Janus Henderson Group by 13.8% during the first quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after purchasing an additional 506 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Janus Henderson Group by 1,538.8% during the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after buying an additional 8,294 shares during the period. Goldman Sachs Group Inc. increased its holdings in Janus Henderson Group by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock valued at $46,992,000 after purchasing an additional 186,218 shares during the last quarter. Finally, Jane Street Group LLC grew its stake in shares of Janus Henderson Group by 1,924.0% in the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after acquiring an additional 265,550 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

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.