Janus Henderson Group (NYSE:JHG) Raised to “Buy” at Bank of America

Janus Henderson Group (NYSE:JHG) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a report released on Thursday, Marketbeat reports. The firm presently has a $43.00 price target on the stock, down from their prior price target of $57.00. Bank of America‘s price objective would suggest a potential upside of 42.50% from the stock’s previous close.

A number of other analysts have also issued reports on JHG. Morgan Stanley increased their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. StockNews.com lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Wells Fargo & Company upped their price target on shares of Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Monday, February 3rd. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $45.00 to $50.00 in a research report on Monday, February 24th. Finally, JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $44.00 to $53.00 in a research report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.44.

Janus Henderson Group Trading Down 7.9 %

Janus Henderson Group stock opened at $30.18 on Thursday. Janus Henderson Group has a 52 week low of $29.63 and a 52 week high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.66 and a beta of 1.43. The company has a 50 day moving average price of $40.32 and a 200 day moving average price of $41.41.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Friday, January 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same period in the previous year, the firm earned $0.82 earnings per share. Research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current year.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently made changes to their positions in the business. Quarry LP increased its position in Janus Henderson Group by 203.6% in the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after buying an additional 509 shares during the period. UMB Bank n.a. increased its position in Janus Henderson Group by 56.5% during the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares during the period. Richardson Financial Services Inc. raised its stake in Janus Henderson Group by 89.4% during the 4th quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock valued at $33,000 after purchasing an additional 363 shares during the last quarter. True Wealth Design LLC boosted its holdings in Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock valued at $43,000 after purchasing an additional 409 shares during the period. Finally, Larson Financial Group LLC grew its position in Janus Henderson Group by 33.9% in the 4th quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock worth $48,000 after purchasing an additional 288 shares during the last quarter. Institutional investors and hedge funds 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.