Janus Henderson Group (NYSE:JHG) Price Target Raised to $50.00 at TD Cowen

Janus Henderson Group (NYSE:JHG) had its target price lifted by TD Cowen from $46.00 to $50.00 in a report released on Friday, Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other research analysts have also issued reports about the company. StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. UBS Group raised their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a report on Friday, October 4th. The Goldman Sachs Group increased their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Janus Henderson Group has a consensus rating of “Hold” and a consensus price target of $40.75.

Janus Henderson Group Trading Up 0.8 %

Shares of JHG traded up $0.34 during midday trading on Friday, reaching $41.65. The company had a trading volume of 1,087,749 shares, compared to its average volume of 892,978. Janus Henderson Group has a 1-year low of $23.98 and a 1-year high of $42.46. The company has a quick ratio of 2.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.15. The firm has a 50 day simple moving average of $38.39 and a 200-day simple moving average of $35.53. The stock has a market cap of $6.63 billion, a PE ratio of 16.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.49.

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, topping the consensus estimate of $0.80 by $0.11. The firm had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. Janus Henderson Group’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the business earned $0.64 earnings per share. Research analysts forecast that Janus Henderson Group will post 3.28 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be given a $0.39 dividend. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.75%. Janus Henderson Group’s dividend payout ratio is presently 61.66%.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the sale, the chief financial officer now owns 139,171 shares of the company’s stock, valued at approximately $4,923,869.98. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 transaction of $279,338.01. Following the transaction, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at $3,251,142.48. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total value 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,651 shares of company stock valued at $918,158. 19.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc acquired a new position in Janus Henderson Group in the 2nd quarter valued at about $34,000. Larson Financial Group LLC grew its stake in shares of Janus Henderson Group by 401.6% in the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Janus Henderson Group by 70.6% in 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 period. Abich Financial Wealth Management LLC raised its position in Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after buying an additional 419 shares during the last quarter. Finally, Blue Trust Inc. raised its position in Janus Henderson Group by 24.6% during the 3rd quarter. Blue Trust Inc. now owns 2,236 shares of the company’s stock worth $85,000 after buying an additional 442 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.