Brokerages Set Janus Henderson Group plc (NYSE:JHG) Target Price at $48.29

Janus Henderson Group plc (NYSE:JHG) has received an average rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat Ratings reports. Six research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $48.2857.

Several research firms recently commented on JHG. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Friday, March 27th.

Insider Transactions at Janus Henderson Group

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the sale, the insider owned 12,204 shares of the company’s stock, valued at $625,332.96. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 21.00% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in Janus Henderson Group during the fourth quarter worth about $25,000. Western Wealth Management LLC bought a new stake in Janus Henderson Group during the first quarter worth about $25,000. Bessemer Group Inc. lifted its stake in Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after purchasing an additional 342 shares during the last quarter. United Community Bank bought a new stake in Janus Henderson Group during the third quarter worth about $30,000. Finally, Empowered Funds LLC bought a new stake in Janus Henderson Group during the fourth quarter worth about $33,000. Institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $51.77 on Friday. Janus Henderson Group has a 52 week low of $35.76 and a 52 week high of $53.76. The business has a 50-day simple moving average of $51.62 and a 200 day simple moving average of $49.03. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 5.76 and a beta of 1.35.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Friday, May 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. During the same quarter in the previous year, the firm earned $0.79 earnings per share. Janus Henderson Group’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, research analysts forecast that Janus Henderson Group will post 4.39 earnings per share for the current fiscal year.

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.