Janus Henderson Group (NYSE:JHG) Shares Gap Up – Should You Buy?

Janus Henderson Group plc (NYSE:JHG)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $50.74, but opened at $52.35. Janus Henderson Group shares last traded at $52.0460, with a volume of 6,651,204 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on JHG. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Wall Street Zen raised Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research note on Tuesday, December 23rd. Finally, Bank of America reiterated a “neutral” rating and issued a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Janus Henderson Group currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Janus Henderson Group Price Performance

The company has a 50-day moving average of $49.61 and a two-hundred day moving average of $46.44. 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 stock has a market capitalization of $7.92 billion, a PE ratio of 9.77, a P/E/G ratio of 1.49 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.19 by $0.82. The company had revenue of $996.60 million during the quarter, compared to analysts’ expectations of $763.09 million. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm’s revenue was up 61.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. Sell-side analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Insider Buying and Selling

In other news, CTO William B. Cassidy sold 16,947 shares of the business’s 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 directly owned 118,939 shares of the company’s stock, valued at $6,216,941.53. The trade was a 12.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Ali Dibadj sold 127,632 shares of the business’s stock in a transaction 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 sale, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at $22,058,711.36. This represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 146,229 shares of company stock valued at $7,239,650. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Institutional investors have recently added to or reduced their stakes in the company. Allianz Asset Management GmbH increased its position in Janus Henderson Group by 5.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,767,657 shares of the company’s stock worth $78,678,000 after purchasing an additional 94,771 shares in the last quarter. Fisher Asset Management LLC lifted its position in Janus Henderson Group by 17.4% during the third quarter. Fisher Asset Management LLC now owns 1,807,154 shares of the company’s stock valued at $80,436,000 after buying an additional 268,483 shares in the last quarter. Norges Bank purchased a new stake in Janus Henderson Group during the second quarter worth approximately $86,180,000. Park Avenue Securities LLC grew its stake in Janus Henderson Group by 101.0% during the third quarter. Park Avenue Securities LLC now owns 50,890 shares of the company’s stock worth $2,265,000 after buying an additional 25,570 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of Janus Henderson Group by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 754,201 shares of the company’s stock worth $33,569,000 after acquiring an additional 168,241 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.