Janus Henderson Group (NYSE:JHG) Stock Rating Upgraded by UBS Group

Janus Henderson Group (NYSE:JHG) was upgraded by equities research analysts at UBS Group from a “sell” rating to a “neutral” rating in a report released on Monday, Briefing.com reports. The firm presently has a $37.00 target price on the stock, up from their prior target price of $33.00. UBS Group’s price objective would suggest a potential upside of 3.87% from the stock’s current price.

A number of other analysts have also issued reports on the company. TD Cowen raised their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft raised their price target on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and an average target price of $32.92.

Janus Henderson Group Trading Down 2.3 %

Janus Henderson Group stock opened at $35.62 on Monday. The stock has a market cap of $5.67 billion, a PE ratio of 13.44, a P/E/G ratio of 0.71 and a beta of 1.51. The stock has a 50-day moving average price of $35.75 and a 200 day moving average price of $33.65. 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 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm 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 quarterly revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.62 EPS. Equities research analysts predict that Janus Henderson Group will post 3.23 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder Henderson Group Plc Janus acquired 28,326 shares of Janus Henderson Group stock in a transaction dated Friday, July 5th. The shares were acquired at an average cost of $3.43 per share, with a total value of $97,158.18. Following the purchase, the insider now directly owns 1,676,903 shares of the company’s stock, valued at approximately $5,751,777.29. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Henderson Group Plc Janus purchased 28,326 shares of Janus Henderson Group stock in a transaction that occurred on Friday, July 5th. The shares were purchased at an average cost of $3.43 per share, with a total value of $97,158.18. Following the transaction, the insider now owns 1,676,903 shares of the company’s stock, valued at approximately $5,751,777.29. The purchase 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 business’s 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 transaction, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. The disclosure for this sale can be found here. Insiders have bought 492,997 shares of company stock valued at $1,667,418 in the last three months. Corporate insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently bought and sold shares of JHG. Vanguard Group Inc. increased its holdings in Janus Henderson Group by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 13,652,673 shares of the company’s stock worth $449,036,000 after purchasing an additional 71,753 shares during the last quarter. Capital Research Global Investors increased its holdings in Janus Henderson Group by 1.2% during the 1st quarter. Capital Research Global Investors now owns 8,831,148 shares of the company’s stock worth $290,456,000 after purchasing an additional 103,341 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in 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. Millennium Management LLC increased its holdings 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 purchasing an additional 1,809,249 shares during the last quarter. Finally, Ariel Investments LLC increased its holdings in Janus Henderson Group by 0.7% during the 2nd quarter. Ariel Investments LLC now owns 2,256,434 shares of the company’s stock worth $76,064,000 after purchasing an additional 16,653 shares during 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.