Evercore ISI Begins Coverage on Janus Henderson Group (NYSE:JHG)

Evercore ISI initiated coverage on shares of Janus Henderson Group (NYSE:JHG) in a report released on Thursday morning, Briefing.com Automated Import reports. The firm issued a hold rating and a $26.00 price objective on the stock.

A number of other analysts also recently commented on the company. ValuEngine downgraded Janus Henderson Group from a sell rating to a strong sell rating in a research note on Tuesday, November 5th. Keefe, Bruyette & Woods cut Janus Henderson Group from a market perform rating to an underperform rating and decreased their target price for the company from $21.00 to $19.50 in a research note on Friday, October 4th. Finally, Zacks Investment Research lowered Janus Henderson Group from a buy rating to a hold rating in a report on Thursday, October 10th. Four research analysts have rated the stock with a sell rating and seven have given a hold rating to the company’s stock. Janus Henderson Group presently has a consensus rating of Hold and an average target price of $25.08.

NYSE JHG opened at $24.88 on Thursday. Janus Henderson Group has a 12 month low of $17.68 and a 12 month high of $25.83. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.64 and a quick ratio of 1.88. The firm has a market capitalization of $4.68 billion, a PE ratio of 10.40, a P/E/G ratio of 1.87 and a beta of 1.32. The company’s 50 day simple moving average is $24.28 and its 200 day simple moving average is $21.79.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $536.00 million during the quarter, compared to the consensus estimate of $533.94 million. Janus Henderson Group had a return on equity of 9.69% and a net margin of 19.63%. The firm’s revenue for the quarter was down 7.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.69 earnings per share. Sell-side analysts anticipate that Janus Henderson Group will post 2.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, November 25th. Investors of record on Monday, November 11th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 5.79%. The ex-dividend date of this dividend was Thursday, November 7th. Janus Henderson Group’s payout ratio is 52.55%.

In other Janus Henderson Group news, insider Seymour-Jackson Angela purchased 3,116 shares of the firm’s stock in a transaction on Friday, October 18th. The shares were purchased at an average price of $41.72 per share, for a total transaction of $129,999.52. Company insiders own 2.08% of the company’s stock.

Several institutional investors have recently made changes to their positions in JHG. Amundi Pioneer Asset Management Inc. acquired a new position in shares of Janus Henderson Group in the 1st quarter valued at $6,773,000. Arizona State Retirement System lifted its stake in Janus Henderson Group by 0.4% during the second quarter. Arizona State Retirement System now owns 118,977 shares of the company’s stock valued at $2,546,000 after buying an additional 507 shares in the last quarter. SG Americas Securities LLC lifted its stake in Janus Henderson Group by 281.4% during the second quarter. SG Americas Securities LLC now owns 107,897 shares of the company’s stock valued at $2,309,000 after buying an additional 79,608 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. lifted its stake in Janus Henderson Group by 12.8% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,280 shares of the company’s stock valued at $455,000 after buying an additional 2,420 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its holdings in shares of Janus Henderson Group by 167.4% in the second quarter. BNP Paribas Arbitrage SA now owns 60,525 shares of the company’s stock worth $1,295,000 after buying an additional 37,887 shares during the period. 70.43% of the stock is currently owned by institutional investors.

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.

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