Wells Fargo & Company Issues Pessimistic Forecast for Janus Henderson Group (NYSE:JHG) Stock Price

Janus Henderson Group (NYSE:JHG) had its price objective decreased by investment analysts at Wells Fargo & Company from $45.00 to $43.00 in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Wells Fargo & Company‘s target price would indicate a potential upside of 5.47% from the company’s previous close.

Several other brokerages have also recently commented on JHG. Evercore ISI boosted their target price on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. TD Cowen upped 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. JPMorgan Chase & Co. lowered their target price on Janus Henderson Group from $45.00 to $44.00 and set a “neutral” rating for the company in a research note on Tuesday, January 7th. The Goldman Sachs Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $42.00 to $45.00 in a research note on Monday, January 6th. Finally, UBS Group increased their price target on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average target price of $44.75.

Janus Henderson Group Trading Up 0.1 %

Shares of JHG stock opened at $40.77 on Tuesday. The company has a market capitalization of $6.48 billion, a PE ratio of 16.11, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The firm has a 50 day moving average price of $43.74 and a two-hundred day moving average price of $39.44. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 12-month low of $28.19 and a 12-month high of $45.74.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The business had revenue of $624.80 million for the quarter, compared to analyst estimates 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 for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.64 earnings per share. As a group, analysts predict that Janus Henderson Group will post 3.43 earnings per share for the current year.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP grew its stake in shares of Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after buying an additional 344,582 shares during the period. Millennium Management LLC increased its holdings in shares of Janus Henderson Group by 43.5% during the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after acquiring an additional 1,809,249 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Janus Henderson Group by 0.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 4,446,079 shares of the company’s stock worth $169,262,000 after purchasing an additional 36,711 shares during the period. Ariel Investments LLC lifted its stake in shares of Janus Henderson Group by 0.7% in the second quarter. Ariel Investments LLC now owns 2,256,434 shares of the company’s stock valued at $76,064,000 after buying an additional 16,653 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Janus Henderson Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock valued at $80,907,000 after buying an additional 12,884 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

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.