Janus Henderson Group (NYSE:JHG) Hits New 52-Week High – Here’s What Happened

Shares of Janus Henderson Group plc (NYSE:JHG) hit a new 52-week high on Tuesday . The stock traded as high as $49.48 and last traded at $49.43, with a volume of 2071891 shares changing hands. The stock had previously closed at $49.05.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on JHG. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. TD Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a report on Tuesday, December 23rd. Morgan Stanley upped their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Finally, Bank of America reiterated a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.67.

Janus Henderson Group Price Performance

The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.66 billion, a PE ratio of 9.43, a P/E/G ratio of 1.40 and a beta of 1.54. The firm has a 50 day moving average of $47.62 and a two-hundred day moving average of $45.13.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The company had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. During the same period in the previous year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 61.3% on a year-over-year basis. Research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Institutional Trading of Janus Henderson Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHG. V Square Quantitative Management LLC purchased a new position in shares of Janus Henderson Group during the fourth quarter valued at about $25,000. Bessemer Group Inc. boosted 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 valued at $26,000 after buying an additional 342 shares during the last quarter. United Community Bank purchased a new position in Janus Henderson Group during the 3rd quarter valued at approximately $30,000. Empowered Funds LLC purchased a new position in Janus Henderson Group during the 4th quarter valued at approximately $33,000. Finally, Quent Capital LLC bought a new stake in Janus Henderson Group in the 3rd quarter worth approximately $36,000. Institutional investors 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.