Janus Henderson Group (NYSE:JHG) Reaches New 52-Week High – Still a Buy?

Janus Henderson Group plc (NYSE:JHG)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $41.59 and last traded at $41.05, with a volume of 144454 shares traded. The stock had previously closed at $41.01.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on JHG. Evercore ISI upped their target price on Janus Henderson Group from $36.00 to $37.00 and gave the stock an “in-line” rating in a research report on Friday, October 4th. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. JPMorgan Chase & Co. lifted their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. UBS Group increased their price target on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Janus Henderson Group has an average rating of “Hold” and a consensus price target of $38.63.

Janus Henderson Group Trading Up 0.1 %

The company’s fifty day moving average is $38.13 and its 200-day moving average is $35.38. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $6.59 billion, a P/E ratio of 15.51, a P/E/G ratio of 0.76 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The business’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Janus Henderson Group plc will post 3.26 earnings per share for the current fiscal year.

Insider Buying and Selling at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $35.60, for a total transaction of $320,400.00. Following the completion of the transaction, the chief financial officer now directly owns 130,171 shares in the company, valued at $4,634,087.60. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the transaction, the chief financial officer now owns 130,171 shares in the company, valued at $4,634,087.60. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 25,651 shares of company stock valued at $918,158 in the last 90 days. 19.60% of the stock is currently owned by insiders.

Institutional Trading of Janus Henderson Group

Several institutional investors have recently modified their holdings of the company. Miller Howard Investments Inc. NY lifted its position in Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock worth $402,000 after purchasing an additional 282 shares during the period. Abich Financial Wealth Management LLC lifted its holdings in shares of Janus Henderson Group by 26.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock worth $61,000 after acquiring an additional 377 shares during the period. GAMMA Investing LLC boosted its position in shares of Janus Henderson Group by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $107,000 after acquiring an additional 382 shares in the last quarter. Graypoint LLC boosted its position in shares of Janus Henderson Group by 4.2% during the 2nd quarter. Graypoint LLC now owns 10,221 shares of the company’s stock valued at $345,000 after acquiring an additional 410 shares in the last quarter. Finally, Retirement Systems of Alabama increased its stake in Janus Henderson Group by 0.3% in the first quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock valued at $5,474,000 after acquiring an additional 439 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 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.