Janus Henderson Group (NYSE:JHG) Rating Increased to Strong-Buy at Zacks Research

Janus Henderson Group (NYSE:JHG) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the company. Evercore reduced their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. 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. Bank of America restated a “neutral” rating and set a $49.00 price objective (down previously from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Finally, Morgan Stanley raised their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.67.

Janus Henderson Group Trading Up 0.0%

JHG opened at $48.26 on Tuesday. The company has a fifty day moving average price of $47.26 and a two-hundred day moving average price of $44.95. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $49.42. The company has a market cap of $7.45 billion, a P/E ratio of 9.17, a price-to-earnings-growth ratio of 1.38 and a beta of 1.54. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The company had revenue of $996.60 million for the quarter, compared to analysts’ expectations of $763.09 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue was up 61.3% on a year-over-year basis. Analysts predict that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Institutional Trading of Janus Henderson Group

Institutional investors have recently made changes to their positions in the company. Millennium Management LLC lifted its position in shares of Janus Henderson Group by 20.3% during the third quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after purchasing an additional 1,154,481 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock worth $198,162,000 after purchasing an additional 155,947 shares in the last quarter. AQR Capital Management LLC increased its stake in Janus Henderson Group by 29.7% in the 3rd quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock valued at $213,649,000 after buying an additional 1,099,858 shares during the last quarter. State Street Corp lifted its position in shares of Janus Henderson Group by 0.6% during the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company’s stock worth $177,812,000 after buying an additional 28,114 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Janus Henderson Group in the 4th quarter worth approximately $117,881,000. Institutional investors own 87.94% of the company’s stock.

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.