Janus Henderson Group (NYSE:JHG) Hits New 12-Month High After Analyst Upgrade

Janus Henderson Group plc (NYSE:JHG) shares reached a new 52-week high during trading on Wednesday after UBS Group raised their price target on the stock from $30.00 to $31.00. UBS Group currently has a sell rating on the stock. Janus Henderson Group traded as high as $35.06 and last traded at $35.04, with a volume of 640291 shares. The stock had previously closed at $34.39.

Several other research firms also recently commented on JHG. Morgan Stanley raised their price objective on shares of Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised their price objective on shares of Janus Henderson Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Friday, May 3rd. The Goldman Sachs Group raised their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a report on Tuesday, April 2nd. TD Cowen raised their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a report on Monday. Finally, StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $30.59.

Institutional Trading of Janus Henderson Group

A number of hedge funds have recently made changes to their positions in JHG. Silchester International Investors LLP lifted its holdings in shares of Janus Henderson Group by 6.5% during the 4th quarter. Silchester International Investors LLP now owns 14,888,669 shares of the company’s stock worth $448,893,000 after acquiring an additional 914,200 shares during the last quarter. Norges Bank bought a new stake in shares of Janus Henderson Group during the 4th quarter worth $20,791,000. Dimensional Fund Advisors LP lifted its holdings in shares of Janus Henderson Group by 6.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 7,444,113 shares of the company’s stock worth $224,442,000 after acquiring an additional 419,392 shares during the last quarter. Smith Group Asset Management LLC bought a new stake in shares of Janus Henderson Group during the 1st quarter worth $7,190,000. Finally, CHURCHILL MANAGEMENT Corp bought a new stake in shares of Janus Henderson Group during the 1st quarter worth $6,793,000. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Price Performance

The company has a current ratio of 3.92, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $5.63 billion, a P/E ratio of 13.05, a P/E/G ratio of 0.99 and a beta of 1.51. The business’s fifty day moving average price is $33.49 and its 200-day moving average price is $31.77.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The company had revenue of $551.70 million during the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The firm’s revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.55 EPS. As a group, sell-side analysts predict that Janus Henderson Group plc will post 2.98 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 4.44%. The ex-dividend date was Friday, May 10th. Janus Henderson Group’s dividend payout ratio is presently 58.87%.

About Janus Henderson Group

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.