JPMorgan Chase & Co. Lowers Janus Henderson Group (NYSE:JHG) Price Target to $44.00

Janus Henderson Group (NYSE:JHG) had its price objective decreased by JPMorgan Chase & Co. from $45.00 to $44.00 in a research note published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Several other equities analysts also recently issued reports on JHG. TD Cowen upped their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group raised their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Wells Fargo & Company upped their target price on Janus Henderson Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price target on Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Finally, Morgan Stanley upped their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Eight investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $45.00.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $42.41 on Tuesday. Janus Henderson Group has a one year low of $28.19 and a one year high of $45.74. The stock has a market cap of $6.74 billion, a PE ratio of 16.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The business’s fifty day moving average price is $43.77 and its two-hundred day moving average price is $39.27. 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 posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. The firm 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 firm’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.64 EPS. On average, analysts forecast that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.68%. The ex-dividend date of this dividend was Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio is currently 61.66%.

Institutional Trading of Janus Henderson Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Quarry LP lifted its position in Janus Henderson Group by 203.6% during the third quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after buying an additional 509 shares in the last quarter. Huntington National Bank lifted its holdings in shares of Janus Henderson Group by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 240 shares in the last quarter. Addison Advisors LLC boosted its position in Janus Henderson Group by 103.4% during the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after purchasing an additional 642 shares during the period. Farther Finance Advisors LLC increased its holdings in Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock valued at $53,000 after purchasing an additional 575 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in Janus Henderson Group by 26.5% in the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after purchasing an additional 377 shares during the period. Institutional investors and hedge funds 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.