Janus Henderson Group (NYSE:JHG) Sees Strong Trading Volume – Still a Buy?

Janus Henderson Group plc (NYSE:JHG) saw unusually-high trading volume on Monday . Approximately 2,236,297 shares changed hands during mid-day trading, an increase of 79% from the previous session’s volume of 1,250,207 shares.The stock last traded at $47.5750 and had previously closed at $46.02.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Monday. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday. TD Cowen lowered Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Tuesday. Evercore ISI decreased their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday. Finally, Bank of America raised their target price on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $47.78.

Janus Henderson Group Stock Up 0.1%

The business has a 50-day simple moving average of $43.85 and a two-hundred day simple moving average of $42.81. The company has a market capitalization of $7.36 billion, a price-to-earnings ratio of 13.97, a PEG ratio of 0.84 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $695.57 million. During the same quarter in the prior year, the business earned $0.91 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. As a group, equities analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.4%. Janus Henderson Group’s dividend payout ratio is presently 46.92%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC increased its holdings in shares of Janus Henderson Group by 28.3% in the 1st quarter. HighTower Advisors LLC now owns 11,084 shares of the company’s stock valued at $401,000 after purchasing an additional 2,444 shares in the last quarter. Wellington Management Group LLP increased its holdings in Janus Henderson Group by 4.7% in the first quarter. Wellington Management Group LLP now owns 120,789 shares of the company’s stock valued at $4,367,000 after buying an additional 5,402 shares in the last quarter. CW Advisors LLC increased its holdings in Janus Henderson Group by 9.7% in the first quarter. CW Advisors LLC now owns 5,773 shares of the company’s stock valued at $209,000 after buying an additional 512 shares in the last quarter. Walleye Capital LLC acquired a new stake in shares of Janus Henderson Group during the 1st quarter valued at approximately $1,583,000. Finally, Jane Street Group LLC boosted its stake in shares of Janus Henderson Group by 1,924.0% during the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after acquiring an additional 265,550 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.