Janus Henderson Group plc (NYSE:JHG) Receives $47.67 Average Price Target from Brokerages

Janus Henderson Group plc (NYSE:JHG) has been assigned a consensus rating of “Hold” from the eleven research firms that are covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $47.6667.

A number of analysts recently issued reports on the stock. BMO Capital Markets assumed coverage on shares of Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 price target for the company. Evercore ISI dropped their target price on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research report on Monday, December 22nd. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Morgan Stanley lifted their price target on 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. Finally, TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Tuesday, December 23rd.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Janus Henderson Group in the 2nd quarter worth approximately $86,180,000. Brighton Jones LLC bought a new stake in Janus Henderson Group during the 2nd quarter valued at $685,000. Park Avenue Securities LLC boosted its position in Janus Henderson Group by 101.0% during the 3rd quarter. Park Avenue Securities LLC now owns 50,890 shares of the company’s stock worth $2,265,000 after acquiring an additional 25,570 shares during the period. Aviva PLC bought a new position in shares of Janus Henderson Group in the second quarter worth $526,000. Finally, Cresset Asset Management LLC grew its stake in shares of Janus Henderson Group by 316.8% in the second quarter. Cresset Asset Management LLC now owns 63,262 shares of the company’s stock worth $2,457,000 after purchasing an additional 48,084 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Trading Down 0.2%

NYSE:JHG opened at $47.94 on Friday. The stock has a market cap of $7.41 billion, a price-to-earnings ratio of 14.06, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54. Janus Henderson Group has a one year low of $28.26 and a one year high of $49.42. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. The business’s 50-day simple moving average is $46.39 and its 200 day simple moving average is $44.53.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share (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 company had revenue of $700.40 million for the quarter, compared to the consensus estimate of $695.57 million. During the same period in the previous year, the business earned $0.91 EPS. Janus Henderson Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. As a group, sell-side analysts predict that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

About Janus Henderson Group

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.