Janus Henderson Group (NYSE:JHG) Cut to Hold at TD Cowen

TD Cowen lowered shares of Janus Henderson Group (NYSE:JHG) from a buy rating to a hold rating in a research note issued to investors on Tuesday, Marketbeat.com reports. They currently have $49.00 target price on the stock.

Other equities research analysts have also recently issued research reports about the company. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Evercore ISI reduced their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research report on Monday. BMO Capital Markets began coverage on Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 price target on the stock. Bank of America upped their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Janus Henderson Group presently has an average rating of “Moderate Buy” and a consensus target price of $47.78.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $47.64 on Tuesday. The company has a 50-day simple moving average of $44.02 and a 200-day simple moving average of $42.88. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.02 and a quick ratio of 2.15. The company has a market cap of $7.36 billion, a PE ratio of 13.97, a price-to-earnings-growth ratio of 0.84 and a beta of 1.57. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $49.42.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $695.57 million. During the same quarter in the prior year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. On average, equities analysts anticipate that Janus Henderson Group will post 3.75 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.4%. Janus Henderson Group’s dividend payout ratio is presently 46.92%.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Cibc World Market Inc. increased its holdings in Janus Henderson Group by 2.9% in the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after purchasing an additional 234 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Janus Henderson Group by 0.9% in the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock worth $1,039,000 after buying an additional 237 shares during the period. Addison Advisors LLC grew its stake in shares of Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 243 shares in the last quarter. J. W. Coons Advisors LLC raised its holdings in shares of Janus Henderson Group by 2.5% during the 2nd quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock valued at $414,000 after buying an additional 265 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Janus Henderson Group by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock valued at $192,000 after buying an additional 274 shares during the period. 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.