Brokerages Set Janus Henderson Group plc (NYSE:JHG) Target Price at $43.38

Shares of Janus Henderson Group plc (NYSE:JHG) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have covered the stock in the last year is $43.38.

Several research analysts have weighed in on the company. TD Cowen boosted their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group upped their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. Evercore ISI raised their price target on Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on Janus Henderson Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a report on Thursday, December 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, November 11th.

Janus Henderson Group Stock Down 0.8 %

JHG opened at $43.13 on Friday. The business’s fifty day simple moving average is $43.34 and its 200 day simple moving average is $38.67. Janus Henderson Group has a 52 week low of $28.19 and a 52 week high of $45.74. The firm has a market cap of $6.86 billion, a P/E ratio of 17.05, a PEG ratio of 0.62 and a beta of 1.48. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $624.80 million for the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The firm’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the company earned $0.64 EPS. As a group, equities research analysts anticipate that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.62%. The ex-dividend date was Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 61.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of JHG. JPMorgan Chase & Co. raised its stake in shares of Janus Henderson Group by 8.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 578,890 shares of the company’s stock valued at $22,038,000 after acquiring an additional 44,378 shares during the period. Principal Financial Group Inc. raised its position in Janus Henderson Group by 28.9% in the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock valued at $79,248,000 after purchasing an additional 467,049 shares during the period. DGS Capital Management LLC lifted its stake in shares of Janus Henderson Group by 5.4% during the third quarter. DGS Capital Management LLC now owns 14,032 shares of the company’s stock worth $534,000 after purchasing an additional 713 shares in the last quarter. Franklin Resources Inc. boosted its position in shares of Janus Henderson Group by 11.7% in the third quarter. Franklin Resources Inc. now owns 478,249 shares of the company’s stock worth $19,106,000 after buying an additional 50,221 shares during the period. Finally, World Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group in the third quarter valued at about $253,000. 87.94% of the stock is owned by institutional investors and hedge funds.

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.