Janus Henderson Group (NYSE:JHG) Price Target Increased to $38.00 by Analysts at TD Cowen

Janus Henderson Group (NYSE:JHG) had its price objective increased by TD Cowen from $37.00 to $38.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s price objective points to a potential upside of 10.47% from the company’s previous close.

Several other research firms have also recently issued reports on JHG. Morgan Stanley upped their target price on shares of 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. UBS Group raised their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the stock a “sell” rating in a report on Friday, April 12th. JPMorgan Chase & Co. lifted their target price on shares of Janus Henderson Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research report on Friday, May 3rd. The Goldman Sachs Group increased 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 downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Two analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and an average price target of $30.48.

Janus Henderson Group Price Performance

Shares of JHG opened at $34.40 on Monday. Janus Henderson Group has a twelve month low of $22.17 and a twelve month high of $34.96. The company has a market capitalization of $5.52 billion, a P/E ratio of 12.98, a price-to-earnings-growth ratio of 0.99 and a beta of 1.51. The firm has a 50 day moving average of $33.49 and a 200 day moving average of $31.77. 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 posted its earnings results on Thursday, May 2nd. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $551.70 million during the quarter, compared to analyst estimates of $547.20 million. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.55 EPS. As a group, equities research analysts anticipate that Janus Henderson Group will post 2.98 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc purchased a new position in Janus Henderson Group during the second quarter valued at $34,000. Hexagon Capital Partners LLC raised its stake in shares of Janus Henderson Group by 72.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after buying an additional 509 shares during the period. EverSource Wealth Advisors LLC lifted its position in shares of Janus Henderson Group by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after buying an additional 369 shares in the last quarter. Abich Financial Wealth Management LLC grew its stake in shares of Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock valued at $47,000 after acquiring an additional 419 shares during the period. Finally, Neo Ivy Capital Management bought a new position in shares of Janus Henderson Group during the 3rd quarter valued at approximately $39,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

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.