Janus Henderson Group (NYSE:JHG) Price Target Raised to $42.00

Janus Henderson Group (NYSE:JHG) had its price objective increased by Deutsche Bank Aktiengesellschaft from $40.00 to $42.00 in a research note released on Friday morning, Benzinga reports. They currently have a hold rating on the stock.

Other equities research analysts have also issued reports about the company. TD Cowen upped their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday. StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Morgan Stanley lifted their price target on shares of Janus Henderson Group from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Wells Fargo & Company increased their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, JPMorgan Chase & Co. lifted their target price on Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $40.75.

Janus Henderson Group Price Performance

JHG opened at $41.65 on Friday. The company has a market capitalization of $6.63 billion, a P/E ratio of 16.46, a PEG ratio of 0.79 and a beta of 1.49. The company has a 50-day moving average of $38.39 and a 200-day moving average of $35.60. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.67 and a current ratio of 4.05. Janus Henderson Group has a 1-year low of $23.98 and a 1-year high of $42.46.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The firm had revenue of $624.80 million during the quarter, compared to analyst estimates of $600.88 million. During the same period in the previous year, the company earned $0.64 earnings per share. Janus Henderson Group’s quarterly revenue was up 19.9% on a year-over-year basis. Equities analysts expect that Janus Henderson Group will post 3.28 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

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

Insider Buying and Selling

In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the business’s stock in a transaction 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 completion of the transaction, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the sale, the chief accounting officer now directly owns 89,048 shares in the company, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of the company’s stock in a transaction that occurred 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 directly owns 130,171 shares of the company’s stock, valued at approximately $4,634,087.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,651 shares of company stock valued at $918,158 in the last three months. 19.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds have recently modified their holdings of JHG. Versant Capital Management Inc bought a new position in Janus Henderson Group during the second quarter valued at about $34,000. Larson Financial Group LLC boosted its position in shares of Janus Henderson Group by 401.6% during 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 in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Janus Henderson Group by 41.9% in the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after purchasing an additional 419 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in shares of Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock worth $53,000 after purchasing an additional 575 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Janus Henderson Group by 159.6% during the second quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock valued at $82,000 after purchasing an additional 1,500 shares during the last quarter. 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.