Janus Henderson Group (NYSE:JHG) Upgraded at The Goldman Sachs Group

Janus Henderson Group (NYSE:JHG) was upgraded by equities researchers at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued to clients and investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $45.00 price objective on the stock, up from their prior price objective of $42.00. The Goldman Sachs Group’s price target indicates a potential upside of 7.02% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. TD Cowen raised their target price on shares of Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group boosted their target price on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Morgan Stanley raised their price target on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Finally, Wells Fargo & Company upped their price objective on Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Eight equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $45.00.

Janus Henderson Group Stock Down 2.8 %

JHG opened at $42.05 on Monday. Janus Henderson Group has a one year low of $28.19 and a one year high of $45.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The stock has a market capitalization of $6.69 billion, a P/E ratio of 16.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The business’s 50-day simple moving average is $43.72 and its 200-day simple moving average is $39.22.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. Janus Henderson Group’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.64 EPS. Analysts anticipate that Janus Henderson Group will post 3.43 EPS for the current year.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP raised its position in shares of Janus Henderson Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after buying an additional 344,582 shares during the last quarter. WINTON GROUP Ltd grew its stake in Janus Henderson Group by 97.7% in the 2nd quarter. WINTON GROUP Ltd now owns 28,049 shares of the company’s stock worth $946,000 after acquiring an additional 13,861 shares during the period. Mutual of America Capital Management LLC raised its holdings in Janus Henderson Group by 210.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 228,276 shares of the company’s stock valued at $8,690,000 after acquiring an additional 154,778 shares during the last quarter. Verition Fund Management LLC lifted its stake in shares of Janus Henderson Group by 156.1% during the 3rd quarter. Verition Fund Management LLC now owns 24,505 shares of the company’s stock worth $933,000 after purchasing an additional 14,935 shares during the period. Finally, AdvisorShares Investments LLC acquired a new stake in shares of Janus Henderson Group during the second quarter worth $485,000. 87.94% of the stock is owned by institutional investors and hedge funds.

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.