Janus Henderson Group (NYSE:JHG) Upgraded by The Goldman Sachs Group to “Neutral” Rating

The Goldman Sachs Group upgraded shares of Janus Henderson Group (NYSE:JHG) from a sell rating to a neutral rating in a research note published on Monday morning, Marketbeat reports. The Goldman Sachs Group currently has $45.00 price objective on the stock, up from their previous price objective of $42.00.

Several other brokerages have also recently issued reports on JHG. UBS Group lifted their price objective on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Morgan Stanley lifted their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Wells Fargo & Company increased 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. Evercore ISI lifted their target price on Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, TD Cowen upped their target price on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $45.00.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $42.41 on Monday. Janus Henderson Group has a 1 year low of $28.19 and a 1 year high of $45.74. The firm has a market cap of $6.74 billion, a P/E ratio of 16.76, a PEG ratio of 0.62 and a beta of 1.50. The stock has a fifty day moving average price of $43.75 and a two-hundred day moving average price of $39.24. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08.

Janus Henderson Group (NYSE:JHG) last announced its 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. The business had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The company’s quarterly revenue was up 19.9% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. Research analysts forecast that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm 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 of this dividend was Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.68%. Janus Henderson Group’s dividend payout ratio is 61.66%.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds have recently bought and sold shares of JHG. Quarry LP increased its holdings in shares of Janus Henderson Group by 203.6% in the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after purchasing an additional 509 shares during the period. Larson Financial Group LLC grew its position in Janus Henderson Group by 401.6% during the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares in the last quarter. Huntington National Bank increased its stake in Janus Henderson Group by 24.5% in the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 240 shares during the period. Addison Advisors LLC lifted its position in Janus Henderson Group by 103.4% in the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after buying an additional 642 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Janus Henderson Group by 70.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock valued at $53,000 after buying an additional 575 shares during the period. 87.94% of the stock is owned by hedge funds and other 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.