Wells Fargo & Company Increases Janus Henderson Group (NYSE:JHG) Price Target to $38.00

Janus Henderson Group (NYSE:JHG) had its target price increased by equities research analysts at Wells Fargo & Company from $37.00 to $38.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price objective indicates a potential downside of 2.76% from the stock’s current price.

JHG has been the topic of several other reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. StockNews.com cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. The Goldman Sachs Group increased their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, October 3rd. JPMorgan Chase & Co. raised their target price on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, Evercore ISI upped their price target on Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a research report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $34.73.

Janus Henderson Group Trading Up 0.3 %

Shares of NYSE:JHG traded up $0.12 on Wednesday, reaching $39.08. 62,058 shares of the company traded hands, compared to its average volume of 1,031,547. The stock has a market capitalization of $6.22 billion, a P/E ratio of 14.75, a price-to-earnings-growth ratio of 0.75 and a beta of 1.50. The business’s 50-day simple moving average is $36.74 and its 200 day simple moving average is $34.58. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $39.25.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. Janus Henderson Group’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. As a group, equities analysts anticipate that Janus Henderson Group will post 3.25 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Henderson Group Plc Janus purchased 189,856 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were purchased at an average cost of $3.20 per share, with a total value of $607,539.20. Following the transaction, the insider now directly owns 2,081,168 shares in the company, valued at $6,659,737.60. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Henderson Group Plc Janus purchased 189,856 shares of Janus Henderson Group stock in a transaction that occurred on Wednesday, July 24th. The shares were purchased at an average cost of $3.20 per share, with a total value of $607,539.20. Following the transaction, the insider now directly owns 2,081,168 shares of the company’s stock, valued at $6,659,737.60. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 25,651 shares of company stock worth $918,158 in the last three months. 19.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Miller Howard Investments Inc. NY boosted its holdings in shares of Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock worth $402,000 after buying an additional 282 shares during the last quarter. Greenwood Capital Associates LLC boosted its stake in shares of Janus Henderson Group by 0.8% during the 4th quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock worth $1,376,000 after acquiring an additional 350 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in shares of Janus Henderson Group by 26.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after acquiring an additional 377 shares during the period. GAMMA Investing LLC increased its stake in shares of Janus Henderson Group by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $107,000 after purchasing an additional 382 shares in the last quarter. Finally, Graypoint LLC increased its stake in shares of Janus Henderson Group by 4.2% in the 2nd quarter. Graypoint LLC now owns 10,221 shares of the company’s stock worth $345,000 after purchasing an additional 410 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.