Morgan Stanley Boosts Janus Henderson Group (NYSE:JHG) Price Target to $33.00

Janus Henderson Group (NYSE:JHG) had its price objective lifted by Morgan Stanley from $30.00 to $33.00 in a research note published on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other equities analysts also recently weighed in on JHG. JPMorgan Chase & Co. upgraded Janus Henderson Group from an underweight rating to a neutral rating and raised their price target for the company from $28.00 to $31.00 in a report on Friday, February 2nd. UBS Group raised their price target on Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a report on Friday, April 12th. TD Cowen began coverage on Janus Henderson Group in a report on Thursday, January 4th. They set a market perform rating and a $30.00 price target for the company. StockNews.com upgraded Janus Henderson Group from a hold rating to a buy rating in a report on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the stock a sell rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of Hold and an average target price of $28.43.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $30.68 on Wednesday. The company has a current ratio of 3.89, a quick ratio of 2.76 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.95 billion, a P/E ratio of 12.95, a P/E/G ratio of 1.47 and a beta of 1.53. The business has a fifty day simple moving average of $31.63 and a two-hundred day simple moving average of $28.63. Janus Henderson Group has a 12 month low of $22.17 and a 12 month high of $33.25.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.82 EPS for the quarter, beating the consensus estimate of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The business had revenue of $568.50 million during the quarter, compared to analyst estimates of $520.26 million. During the same quarter last year, the firm posted $0.61 earnings per share. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Janus Henderson Group will post 2.8 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.56 annualized dividend and a yield of 5.08%. Janus Henderson Group’s payout ratio is 65.82%.

Insider Buying and Selling at Janus Henderson Group

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 30,656 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $948,190.08. Following the completion of the sale, the chief financial officer now directly owns 126,439 shares in the company, valued at approximately $3,910,758.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other Janus Henderson Group news, COO James R. Lowry sold 9,754 shares of the business’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $301,691.22. Following the completion of the sale, the chief operating officer now directly owns 35,265 shares in the company, valued at approximately $1,090,746.45. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Roger Mj Thompson sold 30,656 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the sale, the chief financial officer now owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock worth $2,172,459 in the last three months. 19.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Large investors have recently made changes to their positions in the company. State of Michigan Retirement System lifted its position in shares of Janus Henderson Group by 2.2% during the 1st quarter. State of Michigan Retirement System now owns 32,513 shares of the company’s stock valued at $1,069,000 after buying an additional 700 shares in the last quarter. Janiczek Wealth Management LLC lifted its position in shares of Janus Henderson Group by 28.8% during the 1st quarter. Janiczek Wealth Management LLC now owns 8,362 shares of the company’s stock valued at $275,000 after buying an additional 1,872 shares in the last quarter. DGS Capital Management LLC lifted its position in shares of Janus Henderson Group by 14.4% during the 1st quarter. DGS Capital Management LLC now owns 12,678 shares of the company’s stock valued at $417,000 after buying an additional 1,598 shares in the last quarter. Clarus Wealth Advisors purchased a new position in shares of Janus Henderson Group during the 1st quarter valued at about $205,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in shares of Janus Henderson Group during the 1st quarter valued at about $6,793,000. 87.94% 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.