Janus Henderson Group (JHG) Upgraded to Buy by Zacks Investment Research

Janus Henderson Group (NYSE:JHG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm currently has a $44.00 price objective on the stock. Zacks Investment Research‘s target price would suggest a potential upside of 10.86% from the company’s current price.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

Several other research firms also recently commented on JHG. ValuEngine raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Friday, October 27th. Deutsche Bank started coverage on Janus Henderson Group in a research report on Tuesday, October 17th. They issued a “hold” rating and a $36.00 target price on the stock. Citigroup raised Janus Henderson Group from a “neutral” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, November 9th. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price (up previously from $35.00) on shares of Janus Henderson Group in a research report on Tuesday, October 10th. Finally, Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $37.00 target price on shares of Janus Henderson Group in a research report on Thursday, October 12th. Eight equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $36.39.

Shares of Janus Henderson Group (NYSE JHG) traded up $0.73 during midday trading on Friday, reaching $39.69. The company’s stock had a trading volume of 1,538,608 shares, compared to its average volume of 894,025. The firm has a market capitalization of $7,740.00, a P/E ratio of 26.14, a PEG ratio of 1.12 and a beta of 2.19. The company has a current ratio of 2.17, a quick ratio of 1.48 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 1 year low of $23.90 and a 1 year high of $40.12.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, November 9th. The company reported $0.56 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.04). Janus Henderson Group had a net margin of 14.18% and a return on equity of 10.75%. The firm had revenue of $454.60 million during the quarter, compared to analyst estimates of $524.44 million. During the same period in the previous year, the company posted $0.52 EPS. Janus Henderson Group’s revenue for the quarter was up 8.4% compared to the same quarter last year. equities analysts forecast that Janus Henderson Group will post 2.38 EPS for the current fiscal year.

A number of large investors have recently modified their holdings of the stock. Dai Ichi Life Holdings Inc. acquired a new stake in Janus Henderson Group during the third quarter worth approximately $598,165,000. Dimensional Fund Advisors LP acquired a new stake in Janus Henderson Group during the third quarter worth approximately $163,353,000. Fuller & Thaler Asset Management Inc. acquired a new stake in Janus Henderson Group during the third quarter worth approximately $78,811,000. Fisher Asset Management LLC acquired a new stake in Janus Henderson Group during the third quarter worth approximately $57,515,000. Finally, Bank of New York Mellon Corp acquired a new stake in Janus Henderson Group during the third quarter worth approximately $52,333,000. 46.77% of the stock is currently owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Janus Henderson Group (NYSE:JHG)

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