TD Cowen Increases Janus Henderson Group (NYSE:JHG) Price Target to $38.00

Janus Henderson Group (NYSE:JHG) had its target price increased by TD Cowen from $37.00 to $38.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the stock.

Several other equities analysts have also recently commented on the company. JPMorgan Chase & Co. upped their price target on Janus Henderson Group from $35.00 to $36.00 and gave the company a neutral rating in a report on Friday, May 3rd. UBS Group upped their price target on Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a report on Friday, April 12th. Morgan Stanley upped their price target on Janus Henderson Group from $30.00 to $33.00 and gave the company an equal weight rating in a report on Wednesday, April 17th. The Goldman Sachs Group upped their price target on Janus Henderson Group from $29.00 to $32.00 and gave the company a sell rating in a report on Tuesday, April 2nd. Finally, StockNews.com cut Janus Henderson Group from a buy rating to a hold rating in a report on Friday, May 3rd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $30.59.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $35.20 on Monday. The business has a 50 day moving average price of $33.63 and a 200 day moving average price of $31.81. Janus Henderson Group has a twelve month low of $22.17 and a twelve month high of $35.65. The company has a market cap of $5.65 billion, a price-to-earnings ratio of 13.28, a PEG ratio of 0.99 and a beta of 1.51. The company has a quick ratio of 2.64, a current ratio of 3.92 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The firm had revenue of $551.70 million during the quarter, compared to the consensus estimate of $547.20 million. During the same quarter in the prior year, the company earned $0.55 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Janus Henderson Group will post 2.98 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th were issued a $0.39 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.43%. Janus Henderson Group’s payout ratio is presently 58.87%.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JHG. Lazard Asset Management LLC increased its holdings in Janus Henderson Group by 41.9% during the 3rd quarter. Lazard Asset Management LLC now owns 17,488 shares of the company’s stock valued at $450,000 after purchasing an additional 5,167 shares in the last quarter. Integrated Wealth Concepts LLC increased its holdings in Janus Henderson Group by 186.9% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 61,443 shares of the company’s stock valued at $1,586,000 after purchasing an additional 40,028 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Janus Henderson Group during the 3rd quarter valued at $39,000. Teachers Retirement System of The State of Kentucky increased its holdings in Janus Henderson Group by 93.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 45,346 shares of the company’s stock valued at $1,171,000 after purchasing an additional 21,886 shares in the last quarter. Finally, Vanguard Group Inc. increased its holdings in Janus Henderson Group by 0.6% during the 3rd quarter. Vanguard Group Inc. now owns 13,540,493 shares of the company’s stock valued at $349,616,000 after purchasing an additional 84,307 shares in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Janus Henderson Group Company Profile

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.