Janus Henderson Group (NYSE:JHG) Price Target Raised to $43.00

Janus Henderson Group (NYSE:JHG) had its target price upped by Evercore ISI from $40.00 to $43.00 in a report published on Thursday,Benzinga reports. They currently have an in-line rating on the stock.

Other research analysts also recently issued reports about the company. TD Cowen boosted their target price on Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group boosted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. Morgan Stanley boosted their price target 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. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, UBS Group upped their price target on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $41.50.

Janus Henderson Group Trading Up 0.9 %

Shares of JHG stock traded up $0.39 during trading hours on Thursday, reaching $44.21. 1,106,715 shares of the stock were exchanged, compared to its average volume of 929,820. The firm has a market capitalization of $7.03 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 12-month low of $24.04 and a 12-month high of $44.85. The company’s 50-day moving average price is $39.02 and its 200-day moving average price is $35.97.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The company had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. During the same period in the previous year, the company earned $0.64 EPS. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. As a group, equities analysts anticipate that Janus Henderson Group will post 3.4 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

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

Insider Activity

In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the sale, the chief accounting officer now 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares of the company’s stock, valued at $4,634,087.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Michelle Rosenberg sold 7,651 shares of the firm’s stock in a transaction on 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 transaction, the chief accounting officer now directly owns 89,048 shares in the company, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,651 shares of company stock worth $918,158. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc bought a new position in Janus Henderson Group in the 2nd quarter worth about $34,000. Huntington National Bank lifted its position in shares of Janus Henderson Group by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 240 shares during the last quarter. Larson Financial Group LLC boosted its stake in shares of Janus Henderson Group by 401.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after acquiring an additional 1,000 shares in the last quarter. Addison Advisors LLC grew its holdings in shares of Janus Henderson Group by 103.4% in the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after acquiring an additional 642 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Janus Henderson Group by 70.6% during the third quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock valued at $53,000 after purchasing an additional 575 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

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.