Janus Henderson Group (NYSE:JHG) Hits New 12-Month High – Still a Buy?

Janus Henderson Group plc (NYSE:JHG)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $43.97 and last traded at $43.96, with a volume of 10605 shares changing hands. The stock had previously closed at $42.19.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Evercore ISI upped their price objective on Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday. Morgan Stanley upped their price objective on Janus Henderson Group from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Wells Fargo & Company upped their price objective on Janus Henderson Group from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. TD Cowen upped their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group upped their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $41.50.

Janus Henderson Group Stock Performance

The stock has a fifty day simple moving average of $38.74 and a two-hundred day simple moving average of $35.82. The stock has a market cap of $7.03 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 0.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. The firm had revenue of $624.80 million for the quarter, compared to the consensus estimate of $600.88 million. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The company’s revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. Analysts expect that Janus Henderson Group plc will post 3.4 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.53%. The ex-dividend date of this dividend is Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio (DPR) is 61.66%.

Insider Activity at Janus Henderson Group

In related news, CFO Roger Mj Thompson sold 9,000 shares of the firm’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the sale, the chief financial officer now owns 139,171 shares of the company’s stock, valued at $4,923,869.98. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total value of $318,420.00. Following the transaction, the chief financial officer now directly owns 139,171 shares in the company, valued at $4,923,869.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,651 shares of company stock valued at $918,158 in the last 90 days. 19.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Huntington National Bank lifted its holdings in Janus Henderson Group by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 240 shares during the period. Miller Howard Investments Inc. NY raised its position in shares of Janus Henderson Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock worth $402,000 after acquiring an additional 282 shares in the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Janus Henderson Group by 26.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock worth $61,000 after acquiring an additional 377 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Janus Henderson Group by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $107,000 after acquiring an additional 382 shares in the last quarter. Finally, Graypoint LLC raised its position in shares of Janus Henderson Group by 4.2% in the 2nd quarter. Graypoint LLC now owns 10,221 shares of the company’s stock worth $345,000 after acquiring an additional 410 shares in the last quarter. 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.