TD Cowen Increases Janus Henderson Group (NYSE:JHG) Price Target to $38.00

Janus Henderson Group (NYSE:JHG) had its price target boosted by TD Cowen from $37.00 to $38.00 in a research report sent to investors on Monday, Benzinga reports. They currently have a buy rating on the stock.

Several other analysts also recently commented on the stock. StockNews.com downgraded shares of Janus Henderson Group from a buy rating to a hold rating in a report on Friday, May 3rd. Morgan Stanley upped their price objective 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. The Goldman Sachs Group upped their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the company a sell rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their price objective on shares of Janus Henderson Group from $35.00 to $36.00 and gave the company a neutral rating in a report on Friday, May 3rd. Finally, UBS Group upped their price objective on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a report on Friday, April 12th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Janus Henderson Group presently has a consensus rating of Hold and a consensus target price of $30.59.

Janus Henderson Group Stock Up 0.3 %

NYSE:JHG opened at $35.20 on Monday. The company has a market cap of $5.65 billion, a PE ratio of 13.28, a P/E/G ratio of 0.99 and a beta of 1.51. Janus Henderson Group has a twelve month low of $22.17 and a twelve month high of $35.65. 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 company’s 50 day moving average is $33.63 and its two-hundred day moving average is $31.81.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The company had revenue of $551.70 million for the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. Janus Henderson Group’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.55 EPS. Analysts anticipate that Janus Henderson Group will post 2.98 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.43%. The ex-dividend date of this dividend was Friday, May 10th. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

Hedge Funds Weigh In On Janus Henderson Group

A number of large investors have recently added to or reduced their stakes in the stock. Greenwood Capital Associates LLC raised its position in Janus Henderson Group by 0.8% during the fourth quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock worth $1,376,000 after acquiring an additional 350 shares during the period. EverSource Wealth Advisors LLC raised its position in Janus Henderson Group by 39.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock worth $39,000 after acquiring an additional 369 shares during the period. Abich Financial Wealth Management LLC raised its position in Janus Henderson Group by 41.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after acquiring an additional 419 shares during the period. Retirement Systems of Alabama raised its position in Janus Henderson Group by 0.3% during the first quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock worth $5,474,000 after acquiring an additional 439 shares during the period. Finally, Benjamin F. Edwards & Company Inc. raised its position in Janus Henderson Group by 10.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,316 shares of the company’s stock worth $175,000 after acquiring an additional 490 shares during the period. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Company Profile

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.