Zacks Investment Research lowered shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

Other analysts also recently issued reports about the stock. Deutsche Bank downgraded shares of Janus Henderson Group from a buy rating to a hold rating and decreased their target price for the stock from $35.00 to $31.00 in a research report on Wednesday, August 1st. Citigroup downgraded shares of Janus Henderson Group from a buy rating to a neutral rating and decreased their target price for the stock from $37.00 to $32.35 in a research report on Thursday, August 2nd. Credit Suisse Group reaffirmed an underperform rating and set a $29.00 price objective on shares of Janus Henderson Group in a report on Friday, August 24th. Finally, ValuEngine downgraded shares of Janus Henderson Group from a hold rating to a sell rating in a report on Friday, June 1st. Four investment analysts have rated the stock with a sell rating and six have given a hold rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $34.17.

JHG stock opened at $27.51 on Thursday. The company has a quick ratio of 2.02, a current ratio of 3.05 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 11.09, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37. Janus Henderson Group has a 12 month low of $26.95 and a 12 month high of $41.64.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Wednesday, August 1st. The company reported $0.74 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). The business had revenue of $592.40 million during the quarter, compared to the consensus estimate of $610.10 million. Janus Henderson Group had a return on equity of 11.43% and a net margin of 37.79%. equities research analysts predict that Janus Henderson Group will post 2.88 EPS for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Friday, August 24th. Investors of record on Monday, August 13th were issued a dividend of $0.36 per share. The ex-dividend date was Friday, August 10th. Janus Henderson Group’s dividend payout ratio is currently 58.06%.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Koch Industries Inc. bought a new stake in shares of Janus Henderson Group during the 1st quarter worth $311,000. Bank of Montreal Can bought a new stake in shares of Janus Henderson Group during the 2nd quarter worth $297,000. PGGM Investments bought a new stake in shares of Janus Henderson Group during the 2nd quarter worth $4,763,000. Allianz Asset Management GmbH bought a new stake in shares of Janus Henderson Group during the 1st quarter worth $5,197,000. Finally, Profit Investment Management LLC bought a new stake in shares of Janus Henderson Group during the 2nd quarter worth $355,000. 53.58% of the stock is owned by institutional investors and hedge funds.

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.

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