Janus Henderson Group (NYSE:JHG) Sees Large Volume Increase – Here’s What Happened

Janus Henderson Group plc (NYSE:JHG) shares saw unusually-strong trading volume on Thursday . Approximately 2,898,854 shares were traded during trading, an increase of 14% from the previous session’s volume of 2,546,327 shares.The stock last traded at $51.9050 and had previously closed at $51.75.

Analysts Set New Price Targets

Several research analysts have commented on JHG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $48.29.

Janus Henderson Group Stock Performance

The firm’s fifty day moving average price is $51.69 and its 200-day moving average price is $49.67. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 5.76 and a beta of 1.35.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.08). Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The company had revenue of $541.60 million during the quarter, compared to analyst estimates of $560.37 million. During the same quarter in the previous year, the company posted $0.79 EPS. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Analysts expect that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of JHG. Royal Bank of Canada boosted its holdings in shares of Janus Henderson Group by 38.3% in the 1st quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock valued at $4,163,000 after buying an additional 31,889 shares in the last quarter. Amundi raised its position in Janus Henderson Group by 13.8% in the 1st quarter. Amundi now owns 4,177 shares of the company’s stock valued at $150,000 after purchasing an additional 506 shares during the last quarter. Jones Financial Companies Lllp raised its position in Janus Henderson Group by 1,538.8% in the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after purchasing an additional 8,294 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Janus Henderson Group by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock valued at $46,992,000 after purchasing an additional 186,218 shares during the last quarter. Finally, Jane Street Group LLC raised its position in Janus Henderson Group by 1,924.0% in the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after purchasing an additional 265,550 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

About Janus Henderson Group

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.