Analysts Set Janus Henderson Group plc (NYSE:JHG) Price Target at $47.67

Janus Henderson Group plc (NYSE:JHG) has earned a consensus rating of “Moderate Buy” from the ten ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, two have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $47.3750.

JHG has been the subject of a number of research analyst reports. Bank of America reaffirmed a “neutral” rating and issued a $49.00 price target (down previously from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Evercore 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. Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Morgan Stanley raised their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th.

Janus Henderson Group Stock Down 1.1%

Shares of NYSE:JHG opened at $49.66 on Thursday. The stock’s 50-day moving average is $47.93 and its 200 day moving average is $45.31. The company has a market cap of $7.67 billion, a PE ratio of 9.44, a P/E/G ratio of 1.43 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.02 and a quick ratio of 2.15. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $50.23.

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

Insider Activity

In other news, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the transaction, the chief executive officer owned 449,078 shares in the company, valued at $22,058,711.36. This trade represents a 22.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 20.40% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

A number of institutional investors have recently added to or reduced their stakes in JHG. Cibc World Market Inc. lifted its position in Janus Henderson Group by 2.9% during the third quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after buying an additional 234 shares during the period. AMG National Trust Bank boosted its stake in Janus Henderson Group by 0.9% during the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock worth $1,039,000 after acquiring an additional 237 shares in the last quarter. Addison Advisors LLC grew its holdings in Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after purchasing an additional 243 shares during the period. J. W. Coons Advisors LLC increased its stake in shares of Janus Henderson Group by 2.5% during the second quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock valued at $414,000 after purchasing an additional 265 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of Janus Henderson Group by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock valued at $192,000 after purchasing an additional 274 shares during the last quarter. 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.