Janus Henderson Group (NYSE:JHG) Price Target Raised to $41.00

Janus Henderson Group (NYSE:JHG) had its price objective hoisted by UBS Group from $37.00 to $41.00 in a research note issued to investors on Tuesday morning, Benzinga reports. UBS Group currently has a neutral rating on the stock.

JHG has been the subject of several other research reports. StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. JPMorgan Chase & Co. upped their price target on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Friday, August 2nd. Morgan Stanley raised their price objective on shares of Janus Henderson Group from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group upped their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. Finally, Evercore ISI lifted their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock an “in-line” rating in a research note on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $38.63.

Janus Henderson Group Trading Up 0.5 %

Shares of NYSE:JHG opened at $39.53 on Tuesday. Janus Henderson Group has a 1 year low of $22.17 and a 1 year high of $41.47. The stock’s fifty day moving average price is $37.82 and its 200-day moving average price is $35.14. The company has a market cap of $6.34 billion, a P/E ratio of 14.92, a PEG ratio of 0.77 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.05 and a quick ratio of 2.67.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The firm had revenue of $588.40 million during the quarter, compared to analyst estimates of $568.79 million. During the same period in the previous year, the business posted $0.62 earnings per share. The business’s revenue for the quarter was up 13.9% on a year-over-year basis. Sell-side analysts expect that Janus Henderson Group will post 3.25 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.95%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

Insiders Place Their Bets

In related news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, CAO Michelle Rosenberg sold 7,651 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $35.60, for a total transaction of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares in the company, valued at approximately $4,634,087.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 25,651 shares of company stock worth $918,158. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

Several hedge funds have recently modified their holdings of JHG. Nisa Investment Advisors LLC raised its stake in Janus Henderson Group by 7.0% during the third quarter. Nisa Investment Advisors LLC now owns 24,500 shares of the company’s stock valued at $933,000 after purchasing an additional 1,600 shares in the last quarter. State of Alaska Department of Revenue increased its holdings in shares of Janus Henderson Group by 3.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 14,799 shares of the company’s stock worth $563,000 after buying an additional 485 shares during the last quarter. Frank Rimerman Advisors LLC raised its position in shares of Janus Henderson Group by 27.0% during the 3rd quarter. Frank Rimerman Advisors LLC now owns 30,599 shares of the company’s stock valued at $1,165,000 after buying an additional 6,505 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Janus Henderson Group in the 3rd quarter valued at about $238,000. Finally, Mirae Asset Global Investments Co. Ltd. grew its position in Janus Henderson Group by 8.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 78,276 shares of the company’s stock worth $2,999,000 after acquiring an additional 6,138 shares in the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.