Janus Henderson Group (NYSE:JHG) Issues Earnings Results

Janus Henderson Group (NYSE:JHG) released its quarterly earnings results on Friday. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.19 by $0.82, FiscalAI reports. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The business had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. During the same period last year, the business posted $1.07 earnings per share. The company’s quarterly revenue was up 61.3% on a year-over-year basis.

Janus Henderson Group Stock Up 0.4%

Shares of JHG stock traded up $0.20 on Friday, reaching $48.13. 663,929 shares of the stock were exchanged, compared to its average volume of 1,319,434. The company has a market capitalization of $7.43 billion, a price-to-earnings ratio of 14.11, a PEG ratio of 0.79 and a beta of 1.54. The business’s 50 day moving average price is $46.39 and its 200 day moving average price is $44.53. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $49.42.

Wall Street Analysts Forecast Growth

JHG has been the subject of a number of research analyst reports. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Evercore ISI dropped their price objective on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Morgan Stanley upped their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Finally, Wall Street Zen raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $47.67.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in JHG. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Janus Henderson Group by 12.5% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,306 shares of the company’s stock valued at $594,000 after purchasing an additional 1,697 shares during the last quarter. Acadian Asset Management LLC purchased a new position in shares of Janus Henderson Group in the 1st quarter valued at $708,000. Captrust Financial Advisors raised its stake in Janus Henderson Group by 67.7% during the 2nd quarter. Captrust Financial Advisors now owns 19,144 shares of the company’s stock worth $744,000 after acquiring an additional 7,726 shares in the last quarter. Oxford Asset Management LLP acquired a new stake in Janus Henderson Group during the 2nd quarter worth $747,000. Finally, Orion Porfolio Solutions LLC boosted its stake in Janus Henderson Group by 55.7% in the second quarter. Orion Porfolio Solutions LLC now owns 19,492 shares of the company’s stock valued at $757,000 after acquiring an additional 6,976 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 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.