Janus Henderson Group (NYSE:JHG) Sees Large Volume Increase – Time to Buy?

Janus Henderson Group plc (NYSE:JHG) shares saw an uptick in trading volume on Tuesday . 2,440,579 shares changed hands during mid-day trading, an increase of 7% from the previous session’s volume of 2,286,757 shares.The stock last traded at $51.7540 and had previously closed at $50.46.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. TD Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. 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. Evercore dropped their price target 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. Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Finally, Morgan Stanley boosted their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note 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. According to MarketBeat, Janus Henderson Group has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Janus Henderson Group Price Performance

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.18 and a quick ratio of 2.50. The firm has a market capitalization of $7.95 billion, a P/E ratio of 9.81, a PEG ratio of 1.43 and a beta of 1.53. The company’s 50 day moving average price is $49.16 and its 200 day moving average price is $46.12.

Janus Henderson Group (NYSE:JHG) last posted 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 for the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The business’s revenue for the quarter was up 61.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.07 EPS. As a group, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Janus Henderson Group news, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction on Friday, February 27th. The shares were sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. The trade was a 12.47% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total value of $84,546.00. Following the sale, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $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 valued at $7,239,650. 20.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in JHG. Norges Bank bought a new stake in Janus Henderson Group in the fourth quarter valued at approximately $117,881,000. AQR Capital Management LLC raised its holdings in Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after buying an additional 1,773,964 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Janus Henderson Group during the 4th quarter worth approximately $79,861,000. Millennium Management LLC increased its position in shares of Janus Henderson Group by 20.3% during the third quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after acquiring an additional 1,154,481 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new stake in shares of Janus Henderson Group during the fourth quarter worth $47,427,000. Institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

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.