Morgan Stanley Boosts Janus Henderson Group (NYSE:JHG) Price Target to $33.00

Janus Henderson Group (NYSE:JHG) had its price target upped by Morgan Stanley from $30.00 to $33.00 in a research note released on Wednesday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

JHG has been the topic of a number of other reports. JPMorgan Chase & Co. raised Janus Henderson Group from an underweight rating to a neutral rating and increased their price objective for the company from $28.00 to $31.00 in a report on Friday, February 2nd. The Goldman Sachs Group increased their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the company a sell rating in a report on Tuesday, April 2nd. UBS Group increased their price objective on Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a report on Friday, April 12th. StockNews.com raised Janus Henderson Group from a hold rating to a buy rating in a report on Thursday, February 29th. Finally, TD Cowen began coverage on Janus Henderson Group in a report on Thursday, January 4th. They issued a market perform rating and a $30.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of Hold and a consensus price target of $28.43.

Janus Henderson Group Trading Up 0.7 %

Janus Henderson Group stock opened at $30.68 on Wednesday. The stock has a 50-day moving average of $31.63 and a two-hundred day moving average of $28.63. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.76 and a current ratio of 3.89. Janus Henderson Group has a one year low of $22.17 and a one year high of $33.25. The stock has a market cap of $4.95 billion, a PE ratio of 12.95, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The company had revenue of $568.50 million during the quarter, compared to analysts’ expectations of $520.26 million. During the same period last year, the business posted $0.61 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, research analysts anticipate that Janus Henderson Group will post 2.8 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 5.08%. The ex-dividend date of this dividend was Friday, February 9th. Janus Henderson Group’s dividend payout ratio (DPR) is 65.82%.

Insider Buying and Selling

In related news, CAO Brennan A. Hughes sold 1,812 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the sale, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at $114,074.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, CAO Brennan A. Hughes sold 1,812 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the sale, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at $114,074.45. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Roger Mj Thompson sold 30,656 shares of the firm’s stock in a transaction that occurred on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the completion of the sale, the chief financial officer now directly owns 126,439 shares in the company, valued at $3,910,758.27. The disclosure for this sale can be found here. Insiders have sold a total of 70,133 shares of company stock valued at $2,172,459 over the last ninety days. Company insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

Several institutional investors have recently bought and sold shares of JHG. Trian Fund Management L.P. grew its holdings in Janus Henderson Group by 12.7% in the first quarter. Trian Fund Management L.P. now owns 31,867,800 shares of the company’s stock valued at $1,116,010,000 after purchasing an additional 3,595,152 shares during the period. State Street Corp grew its holdings in Janus Henderson Group by 33.9% in the second quarter. State Street Corp now owns 6,455,506 shares of the company’s stock valued at $151,769,000 after purchasing an additional 1,636,065 shares during the period. Balyasny Asset Management L.P. acquired a new stake in Janus Henderson Group in the first quarter valued at approximately $30,104,000. BlackRock Inc. grew its holdings in Janus Henderson Group by 5.2% in the first quarter. BlackRock Inc. now owns 19,272,599 shares of the company’s stock valued at $674,924,000 after purchasing an additional 947,319 shares during the period. Finally, Silchester International Investors LLP lifted its position in shares of Janus Henderson Group by 6.5% in the fourth quarter. Silchester International Investors LLP now owns 14,888,669 shares of the company’s stock valued at $448,893,000 after acquiring an additional 914,200 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.