StockNews.com Upgrades Janus Henderson Group (NYSE:JHG) to Buy

StockNews.com upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a report published on Monday morning.

Several other analysts have also weighed in on JHG. UBS Group raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $50.00 in a report on Monday, February 24th. The Goldman Sachs Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $42.00 to $45.00 in a report on Monday, January 6th. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $53.00 in a report on Wednesday, February 5th. Evercore ISI raised their price objective on shares of 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, Morgan Stanley raised their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday, December 20th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $47.38.

Janus Henderson Group Stock Up 1.9 %

Shares of JHG opened at $40.17 on Monday. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 15.69, a P/E/G ratio of 0.66 and a beta of 1.50. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 12 month low of $30.35 and a 12 month high of $46.68. The company has a 50-day moving average price of $42.92 and a two-hundred day moving average price of $41.43.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Friday, January 31st. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same quarter last year, the business earned $0.82 earnings per share. Equities analysts predict that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were issued a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.88%. The ex-dividend date was Tuesday, February 11th. Janus Henderson Group’s dividend payout ratio is currently 60.94%.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in Janus Henderson Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 14,148,813 shares of the company’s stock valued at $601,749,000 after acquiring an additional 203,330 shares during the last quarter. Millennium Management LLC boosted its stake in Janus Henderson Group by 23.9% in the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company’s stock valued at $308,242,000 after acquiring an additional 1,399,781 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Janus Henderson Group by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,593,441 shares of the company’s stock valued at $195,359,000 after acquiring an additional 147,362 shares during the last quarter. Northern Trust Corp boosted its stake in Janus Henderson Group by 8.4% in the fourth quarter. Northern Trust Corp now owns 2,320,796 shares of the company’s stock valued at $98,703,000 after acquiring an additional 180,726 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Janus Henderson Group by 0.6% in the third quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock valued at $80,907,000 after acquiring an additional 12,884 shares during the last quarter. 87.94% of the stock is owned by institutional investors.

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.