Janus Henderson Group (NYSE:JHG) Shares Gap Up – Here’s Why

Janus Henderson Group plc (NYSE:JHG) shares gapped up prior to trading on Tuesday . The stock had previously closed at $50.74, but opened at $52.35. Janus Henderson Group shares last traded at $52.0460, with a volume of 6,651,204 shares changing hands.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JHG. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research note on Tuesday, December 23rd. Morgan Stanley boosted 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 research report on Wednesday, December 17th. Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Bank of America reissued a “neutral” rating and issued a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Finally, Wall Street Zen raised Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Janus Henderson Group Stock Up 2.6%

The company has a debt-to-equity ratio of 0.07, a current ratio of 4.18 and a quick ratio of 2.50. The firm’s 50 day moving average price is $49.46 and its two-hundred day moving average price is $46.35. The firm has a market cap of $8.02 billion, a price-to-earnings ratio of 9.89, a P/E/G ratio of 1.44 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The company had revenue of $996.60 million during the quarter, compared to analysts’ expectations of $763.09 million. During the same period last year, the firm earned $1.07 EPS. The firm’s revenue for the quarter was up 61.3% on a year-over-year basis. As a group, sell-side analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Insider Activity

In related news, CTO William B. Cassidy sold 16,947 shares of the firm’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares in the company, valued at $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the sale, the chief executive officer directly owned 449,078 shares in the company, valued at $22,058,711.36. This trade represents a 22.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 146,229 shares of company stock valued at $7,239,650 over the last quarter. Corporate insiders own 20.40% of the company’s stock.

Institutional Trading of Janus Henderson Group

A number of hedge funds have recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Janus Henderson Group during the 4th quarter worth $117,881,000. AQR Capital Management LLC increased its stake in Janus Henderson Group by 92.1% in the second quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after purchasing an additional 1,773,964 shares during the last quarter. Hudson Bay Capital Management LP purchased a new position in Janus Henderson Group during the fourth quarter worth about $79,861,000. Millennium Management LLC grew its holdings in Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after buying an additional 1,154,481 shares during the period. Finally, Soros Fund Management LLC acquired a new position in shares of Janus Henderson Group during the 4th quarter valued at about $47,427,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.