Janus Henderson Group (NYSE:JHG) Hits New 1-Year High – Should You Buy?

Janus Henderson Group plc (NYSE:JHG)’s stock price hit a new 52-week high on Tuesday . The company traded as high as $40.33 and last traded at $40.29, with a volume of 22875 shares trading hands. The stock had previously closed at $39.95.

Analyst Ratings Changes

JHG has been the subject of a number of analyst reports. StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Evercore ISI increased their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock an “in-line” rating in a research report on Friday, October 4th. UBS Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and boosted their price target for the company from $33.00 to $37.00 in a research report on Monday, September 9th. Wells Fargo & Company raised their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. Finally, The Goldman Sachs Group lifted their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $37.00.

Janus Henderson Group Price Performance

The company has a quick ratio of 2.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.07. The stock’s 50-day moving average price is $37.25 and its 200-day moving average price is $34.86. The company has a market capitalization of $6.46 billion, a price-to-earnings ratio of 13.88, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

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. The firm had revenue of $588.40 million for the quarter, compared to the consensus estimate of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.62 EPS. Equities research analysts anticipate that Janus Henderson Group plc will post 3.26 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.85%. The ex-dividend date of this dividend was Monday, August 12th. Janus Henderson Group’s dividend payout ratio is 53.42%.

Insiders Place Their Bets

In other news, CAO Michelle Rosenberg sold 7,651 shares of the firm’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 transaction, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group 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 completion of the sale, the chief financial officer now directly owns 139,171 shares of the company’s stock, valued at $4,923,869.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michelle Rosenberg sold 7,651 shares of the 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 directly owns 89,048 shares in the company, valued at $3,251,142.48. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 25,651 shares of company stock valued at $918,158. 20.00% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several institutional investors have recently modified their holdings of JHG. Millennium Management LLC boosted its stake in Janus Henderson Group by 43.5% during the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock worth $201,205,000 after acquiring an additional 1,809,249 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of Janus Henderson Group by 64.5% during the second 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 in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Janus Henderson Group by 4.4% during the second 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 in the last quarter. Marshall Wace LLP grew its holdings in shares of Janus Henderson Group by 48.7% in the 2nd quarter. Marshall Wace LLP now owns 1,000,823 shares of the company’s stock valued at $33,738,000 after buying an additional 327,819 shares during the period. Finally, Smith Group Asset Management LLC bought a new stake in shares of Janus Henderson Group in the 1st quarter valued at $7,190,000. 87.94% of the stock is currently 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.