Zacks Investment Research upgraded shares of Janus Henderson Group (NYSE:JHG) from a sell rating to a hold 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 equities analysts have also issued research reports about the company. Deutsche Bank lowered Janus Henderson Group from a buy rating to a hold rating and cut their price target for the company from $35.00 to $31.00 in a research note on Wednesday, August 1st. Citigroup lowered Janus Henderson Group from a buy rating to a neutral rating and cut their price target for the company from $37.00 to $32.35 in a research note on Thursday, August 2nd. ValuEngine lowered Janus Henderson Group from a hold rating to a sell rating in a research note on Friday, June 1st. Finally, Credit Suisse Group restated an underperform rating and set a $29.00 price target on shares of Janus Henderson Group in a research note on Friday, August 24th. Three equities research analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Janus Henderson Group presently has a consensus rating of Hold and an average price target of $34.17.

JHG stock opened at $27.93 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.02 and a current ratio of 3.05. Janus Henderson Group has a twelve month low of $26.95 and a twelve month high of $41.64. The firm has a market capitalization of $5.60 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 0.97 and a beta of 1.37.

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

A number of hedge funds have recently modified their holdings of JHG. Dai ichi Life Holdings Inc. boosted its position in Janus Henderson Group by 18.0% during the second quarter. Dai ichi Life Holdings Inc. now owns 30,668,922 shares of the company’s stock valued at $942,456,000 after purchasing an additional 4,687,601 shares in the last quarter. Silchester International Investors LLP boosted its position in Janus Henderson Group by 10.2% during the first quarter. Silchester International Investors LLP now owns 10,153,980 shares of the company’s stock valued at $335,995,000 after purchasing an additional 937,327 shares in the last quarter. BlackRock Inc. boosted its position in Janus Henderson Group by 5.2% during the first quarter. BlackRock Inc. now owns 12,187,495 shares of the company’s stock valued at $403,286,000 after purchasing an additional 603,617 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its position in Janus Henderson Group by 85.9% during the first quarter. Schwab Charles Investment Management Inc. now owns 1,186,125 shares of the company’s stock valued at $39,249,000 after purchasing an additional 547,921 shares in the last quarter. Finally, Allianz Asset Management GmbH bought a new stake in Janus Henderson Group during the first quarter valued at about $5,197,000. 53.58% of the stock is currently owned by institutional investors.

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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