Janus Henderson Group plc Announces Quarterly Dividend of $0.39 (NYSE:JHG)

Janus Henderson Group plc (NYSE:JHG) declared a quarterly dividend on Friday, January 31st,RTT News reports. Investors of record on Tuesday, February 11th will be paid a dividend of 0.39 per share on Thursday, February 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.57%.

Janus Henderson Group has increased its dividend by an average of 1.3% per year over the last three years. Janus Henderson Group has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Janus Henderson Group to earn $3.74 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 41.7%.

Janus Henderson Group Stock Up 1.0 %

JHG opened at $43.69 on Friday. Janus Henderson Group has a 1 year low of $28.52 and a 1 year high of $45.74. The firm has a 50 day moving average price of $43.37 and a 200 day moving average price of $40.11. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The company has a market cap of $6.95 billion, a PE ratio of 17.27, a price-to-earnings-growth ratio of 0.60 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The company had revenue of $624.80 million for the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The firm’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.64 earnings per share. Sell-side analysts expect that Janus Henderson Group will post 3.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on JHG. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, November 11th. Wells Fargo & Company lowered their price objective on Janus Henderson Group from $45.00 to $43.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group upgraded Janus Henderson Group from a “sell” rating to a “neutral” rating and increased their target price for the company from $42.00 to $45.00 in a research note on Monday, January 6th. Finally, Morgan Stanley lifted their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $44.75.

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.