Janus Henderson Group (NYSE:JHG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.
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. “
JHG has been the topic of several other reports. Credit Suisse Group lifted their price target on Janus Henderson Group from $30.00 to $32.00 and gave the stock a “neutral” rating in a research report on Friday, February 5th. The Goldman Sachs Group downgraded Janus Henderson Group from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $28.50 to $29.00 in a research report on Tuesday, January 5th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $26.86.
Shares of NYSE:JHG traded down $0.47 during trading on Wednesday, reaching $32.23. 861,633 shares of the company traded hands, compared to its average volume of 1,373,075. The firm has a fifty day simple moving average of $30.77 and a 200 day simple moving average of $29.50. The company has a quick ratio of 2.22, a current ratio of 2.87 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a 1-year low of $14.39 and a 1-year high of $35.23. The firm has a market cap of $5.55 billion, a P/E ratio of 73.25, a price-to-earnings-growth ratio of 1.25 and a beta of 1.48.
Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, February 4th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.75 by $0.29. The firm had revenue of $657.20 million during the quarter, compared to analysts’ expectations of $607.43 million. Janus Henderson Group had a net margin of 3.71% and a return on equity of 10.41%. The company’s revenue was up 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 earnings per share. As a group, research analysts anticipate that Janus Henderson Group will post 2.75 EPS for the current year.
Several institutional investors have recently bought and sold shares of the company. Pacer Advisors Inc. raised its position in shares of Janus Henderson Group by 18.3% in the 1st quarter. Pacer Advisors Inc. now owns 18,196 shares of the company’s stock valued at $567,000 after acquiring an additional 2,817 shares during the period. Investment Management Associates Inc. ADV bought a new stake in Janus Henderson Group in the fourth quarter valued at approximately $2,165,000. Amundi Pioneer Asset Management Inc. raised its holdings in Janus Henderson Group by 1.8% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 733,263 shares of the company’s stock worth $23,831,000 after purchasing an additional 12,923 shares during the period. Teachers Retirement System of The State of Kentucky boosted its position in shares of Janus Henderson Group by 21.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 27,275 shares of the company’s stock worth $887,000 after purchasing an additional 4,800 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Janus Henderson Group in the 4th quarter valued at $27,582,000. Institutional investors own 77.17% of the company’s stock.
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.
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