BMO Capital Markets Initiates Coverage on Janus Henderson Group (NYSE:JHG)

BMO Capital Markets began coverage on shares of Janus Henderson Group (NYSE:JHG) in a research note released on Friday, MarketBeat Ratings reports. The firm issued an outperform rating and a $52.00 price objective on the stock.

Other research analysts also recently issued research reports about the stock. Wall Street Zen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Saturday, August 30th. Wells Fargo & Company lifted their target price on Janus Henderson Group from $37.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Bank of America boosted their target price on Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 16th. Finally, Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $46.20.

Janus Henderson Group Stock Up 1.3%

Shares of JHG opened at $45.54 on Friday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91. The stock has a market capitalization of $7.10 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $46.68. The business’s 50 day simple moving average is $44.01 and its 200-day simple moving average is $39.12.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $614.46 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. Janus Henderson Group’s quarterly revenue was up 7.6% on a year-over-year basis. As a group, equities analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.5%. Janus Henderson Group’s dividend payout ratio (DPR) is 60.15%.

Insider Buying and Selling

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 27,491 shares of the company’s stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the sale, the chief financial officer directly owned 113,097 shares in the company, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Georgina Fogo sold 69,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several large investors have recently modified their holdings of JHG. Wealth Enhancement Advisory Services LLC boosted its stake in shares of Janus Henderson Group by 239.9% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 21,261 shares of the company’s stock valued at $904,000 after purchasing an additional 15,006 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Janus Henderson Group by 4,188.8% in the 1st quarter. GAMMA Investing LLC now owns 144,962 shares of the company’s stock valued at $5,240,000 after acquiring an additional 141,582 shares during the period. Rhumbline Advisers raised its position in shares of Janus Henderson Group by 0.7% in the 1st quarter. Rhumbline Advisers now owns 347,826 shares of the company’s stock worth $12,574,000 after acquiring an additional 2,516 shares in the last quarter. Merit Financial Group LLC raised its position in shares of Janus Henderson Group by 22.2% in the 1st quarter. Merit Financial Group LLC now owns 11,875 shares of the company’s stock worth $429,000 after acquiring an additional 2,157 shares in the last quarter. Finally, UMB Bank n.a. lifted its stake in shares of Janus Henderson Group by 48.9% during the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock worth $42,000 after purchasing an additional 385 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

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.