Analysts Set Janus Henderson Group plc (NYSE:JHG) Target Price at $43.38

Janus Henderson Group plc (NYSE:JHG) has received an average recommendation of “Hold” from the eight research firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $43.38.

Several equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, November 11th. UBS Group increased their target price on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Evercore ISI raised their target price on Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Morgan Stanley upped their price target on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Finally, Wells Fargo & Company raised their price objective on Janus Henderson Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th.

Janus Henderson Group Price Performance

JHG opened at $43.34 on Friday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The stock has a market capitalization of $6.89 billion, a PE ratio of 17.13, a price-to-earnings-growth ratio of 0.62 and a beta of 1.49. The stock’s 50 day moving average price is $43.19 and its 200-day moving average price is $38.54. Janus Henderson Group has a 52-week low of $28.19 and a 52-week high of $45.74.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The business had revenue of $624.80 million for the quarter, compared to analysts’ expectations of $600.88 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts predict that Janus Henderson Group will post 3.43 EPS for the current year.

Janus Henderson Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.39 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.60%. Janus Henderson Group’s payout ratio is presently 61.66%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its position in Janus Henderson Group by 43.5% in the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after acquiring an additional 1,809,249 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Janus Henderson Group by 350.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,062,869 shares of the company’s stock valued at $40,463,000 after acquiring an additional 827,132 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Janus Henderson Group by 64.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock valued at $40,677,000 after acquiring an additional 473,308 shares during the last quarter. Principal Financial Group Inc. grew its stake in shares of Janus Henderson Group by 28.9% in the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock worth $79,248,000 after acquiring an additional 467,049 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Janus Henderson Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after purchasing an additional 344,582 shares during the last quarter. 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.