Analysts Set Janus Henderson Group plc (NYSE:JHG) Price Target at $48.11

Shares of Janus Henderson Group plc (NYSE:JHG) have received a consensus rating of “Buy” from the twelve analysts that are currently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, eight have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $48.1111.

A number of equities analysts have weighed in on the stock. Morgan Stanley reissued a “positive” rating on shares of Janus Henderson Group in a research report on Monday, October 6th. TD Cowen raised their price objective on Janus Henderson Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 31st. BMO Capital Markets assumed coverage on Janus Henderson Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $52.00 target price on the stock. Cowen reiterated a “buy” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. Finally, Bank of America lifted their price target on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a research note on Thursday, October 2nd.

Insider Buying and Selling

In related news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at $5,118,770.22. The trade was a 19.55% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 20.40% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Norges Bank bought a new stake in Janus Henderson Group during the second quarter valued at $86,180,000. AQR Capital Management LLC grew its position in shares of Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after buying an additional 1,773,964 shares during the last quarter. Nuveen LLC acquired a new stake in Janus Henderson Group during the first quarter worth about $21,890,000. Hsbc Holdings PLC lifted its holdings in Janus Henderson Group by 821.8% in the first quarter. Hsbc Holdings PLC now owns 463,104 shares of the company’s stock worth $16,519,000 after acquiring an additional 412,865 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Janus Henderson Group by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company’s stock worth $178,800,000 after acquiring an additional 352,617 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of NYSE:JHG opened at $43.72 on Tuesday. The business’s 50-day simple moving average is $44.00 and its 200 day simple moving average is $41.19. The company has a market cap of $6.75 billion, a P/E ratio of 16.44, a PEG ratio of 0.96 and a beta of 1.59. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. Janus Henderson Group has a one year low of $28.26 and a one year high of $49.42.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $695.57 million. During the same quarter last year, the company earned $0.91 earnings per share. Janus Henderson Group’s revenue for the quarter was up 12.1% on a year-over-year basis. On average, sell-side analysts forecast 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 will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, November 10th. Janus Henderson Group’s dividend payout ratio is 46.92%.

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.