Janus Henderson Group (NYSE:JHG) Issues Earnings Results, Beats Estimates By $0.11 EPS

Janus Henderson Group (NYSE:JHG) issued its quarterly earnings data on Thursday. The company reported $0.85 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11, Briefing.com reports. The company had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.62 earnings per share.

Janus Henderson Group Trading Down 4.5 %

Shares of NYSE JHG traded down $1.71 during midday trading on Friday, reaching $35.89. 2,136,662 shares of the stock were exchanged, compared to its average volume of 1,054,302. The company has a market capitalization of $5.76 billion, a P/E ratio of 13.54, a P/E/G ratio of 0.86 and a beta of 1.51. Janus Henderson Group has a 52-week low of $22.17 and a 52-week high of $39.11. The company has a current ratio of 3.92, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average price of $34.43 and a 200-day moving average price of $32.57.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.39 per share. The ex-dividend date is Monday, August 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.35%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 58.87%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. UBS Group upped their target price on shares of Janus Henderson Group from $30.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, July 10th. StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday. TD Cowen boosted their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, Morgan Stanley raised their target price on shares of Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given 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 $30.92.

Insider Transactions at Janus Henderson Group

In other news, major shareholder Henderson Group Plc Janus purchased 28,326 shares of the stock in a transaction dated Friday, July 5th. The stock was acquired at an average cost of $3.43 per share, for a total transaction of $97,158.18. Following the completion of the acquisition, the insider now directly owns 1,676,903 shares in the company, valued at approximately $5,751,777.29. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 487,179 shares of company stock worth $1,650,371 over the last ninety days. 19.60% of the stock is currently owned by corporate insiders.

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.