Morgan Stanley Raises Janus Henderson Group (NYSE:JHG) Price Target to $48.00

Janus Henderson Group (NYSE:JHG) had its target price raised by Morgan Stanley from $46.00 to $48.00 in a research report sent to investors on Friday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research analysts have also commented on JHG. The Goldman Sachs Group upped their price objective on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. Evercore ISI raised their price target on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. TD Cowen boosted their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. UBS Group boosted 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. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $43.38.

Janus Henderson Group Stock Up 2.0 %

Janus Henderson Group stock opened at $42.55 on Friday. The company has a fifty day simple moving average of $43.07 and a 200 day simple moving average of $38.31. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 1-year low of $28.19 and a 1-year high of $45.74. The company has a market cap of $6.77 billion, a P/E ratio of 16.82, a price-to-earnings-growth ratio of 0.62 and a beta of 1.48.

Janus Henderson Group (NYSE:JHG) last released 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 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%. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 earnings per share. Research analysts anticipate that Janus Henderson Group will post 3.43 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were given a dividend of $0.39 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.67%. Janus Henderson Group’s payout ratio is currently 61.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in JHG. Quarry LP boosted its holdings in Janus Henderson Group by 203.6% in the third quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after purchasing an additional 509 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Janus Henderson Group by 401.6% in the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares during the period. Huntington National Bank raised its position in shares of Janus Henderson Group by 24.5% during the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 240 shares during the last quarter. Addison Advisors LLC increased its holdings in Janus Henderson Group by 103.4% in the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock valued at $48,000 after acquiring an additional 642 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake 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 valued at $53,000 after purchasing an additional 575 shares during the last quarter. Hedge funds and other institutional investors 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.