Janus Henderson Group (NYSE:JHG) PT Raised to $37.00

Janus Henderson Group (NYSE:JHG) had its price objective lifted by The Goldman Sachs Group from $36.00 to $37.00 in a research report report published on Thursday morning, Benzinga reports. The Goldman Sachs Group currently has a sell rating on the stock.

A number of other brokerages have also issued reports on JHG. Wells Fargo & Company assumed coverage on Janus Henderson Group in a research report on Thursday, September 12th. They issued an equal weight rating and a $37.00 target price on the stock. TD Cowen boosted their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a buy rating in a research report on Monday, July 8th. StockNews.com cut shares of Janus Henderson Group from a buy rating to a hold rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the stock a neutral rating in a research report on Friday, August 2nd. Finally, UBS Group upgraded shares of Janus Henderson Group from a sell rating to a neutral rating and upped their target price for the stock from $33.00 to $37.00 in a research report on Monday, September 9th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Hold and an average price target of $34.63.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $38.94 on Thursday. The business has a fifty day moving average of $36.65 and a 200 day moving average of $34.49. The firm has a market capitalization of $6.20 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 0.76 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.05 and a quick ratio of 2.67. Janus Henderson Group has a 1 year low of $22.17 and a 1 year high of $39.11.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The company had revenue of $588.40 million for the quarter, compared to analysts’ expectations of $568.79 million. During the same period in the previous year, the firm posted $0.62 EPS. Janus Henderson Group’s revenue was up 13.9% compared to the same quarter last year. As a group, research analysts expect that Janus Henderson Group will post 3.23 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.01%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s payout ratio is currently 58.87%.

Insider Activity at Janus Henderson Group

In related news, CAO Michelle Rosenberg sold 7,651 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at $3,251,142.48. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the transaction, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Henderson Group Plc Janus purchased 189,856 shares of Janus Henderson Group stock in a transaction dated Wednesday, July 24th. The stock was bought at an average cost of $3.20 per share, with a total value of $607,539.20. Following the completion of the purchase, the insider now owns 2,081,168 shares in the company, valued at approximately $6,659,737.60. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 251,137 shares of company stock valued at $816,488 and sold 25,651 shares valued at $918,158. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Large investors have recently made changes to their positions in the company. Millennium Management LLC increased its stake in Janus Henderson Group by 43.5% in the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after buying an additional 1,809,249 shares during the period. AQR Capital Management LLC increased its stake in shares of Janus Henderson Group by 64.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock worth $40,677,000 after purchasing an additional 473,308 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Janus Henderson Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock worth $272,741,000 after purchasing an additional 344,582 shares during the last quarter. Marshall Wace LLP increased its stake in shares of Janus Henderson Group by 48.7% during the 2nd quarter. Marshall Wace LLP now owns 1,000,823 shares of the company’s stock worth $33,738,000 after purchasing an additional 327,819 shares during the last quarter. Finally, Smith Group Asset Management LLC acquired a new position in shares of Janus Henderson Group during the 1st quarter worth $7,190,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

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.