Janus Henderson Group (NYSE:JHG) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a report published on Monday.

A number of other research firms have also issued reports on JHG. TD Cowen increased their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a buy rating in a report on Monday, July 8th. UBS Group lifted their target price on Janus Henderson Group from $30.00 to $31.00 and gave the company a sell rating in a report on Wednesday, July 10th. JPMorgan Chase & Co. boosted their target price on Janus Henderson Group from $38.00 to $39.00 and gave the stock a neutral rating in a research note on Friday. Finally, Morgan Stanley lifted their price objective on Janus Henderson Group from $30.00 to $33.00 and gave the company an equal weight rating in a research note on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and a consensus price target of $30.92.

Janus Henderson Group Trading Up 1.1 %

Shares of NYSE JHG traded up $0.36 during trading on Monday, reaching $34.20. The stock had a trading volume of 1,109,273 shares, compared to its average volume of 1,073,628. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92. The company has a market cap of $5.49 billion, a P/E ratio of 13.01, a PEG ratio of 0.83 and a beta of 1.51. Janus Henderson Group has a fifty-two week low of $22.17 and a fifty-two week high of $39.11. The business’s 50-day moving average price is $34.42 and its 200-day moving average price is $32.63.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $588.40 million during the quarter, compared to the consensus estimate of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. Janus Henderson Group’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. On average, equities research analysts predict that Janus Henderson Group will post 3.15 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th will be given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend is Monday, August 12th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 58.87%.

Insider Buying and Selling

In related news, major shareholder Henderson Group Plc Janus acquired 189,856 shares of the business’s stock in a transaction on Wednesday, July 24th. The shares were bought at an average price of $3.20 per share, with a total value of $607,539.20. Following the completion of the acquisition, the insider now owns 2,081,168 shares in the company, valued at $6,659,737.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders acquired a total of 487,179 shares of company stock worth $1,650,371 over the last 90 days. 19.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently bought and sold shares of the stock. Versant Capital Management Inc acquired a new stake in shares of Janus Henderson Group during the second quarter worth about $34,000. Hexagon Capital Partners LLC lifted its stake in Janus Henderson Group by 72.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock valued at $36,000 after buying an additional 509 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Janus Henderson Group by 401.6% in the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after acquiring an additional 1,000 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in shares of Janus Henderson Group by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after acquiring an additional 369 shares during the period. Finally, Abich Financial Wealth Management LLC grew its position in shares of Janus Henderson Group by 41.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after acquiring an additional 419 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

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.