Janus Henderson Group (NYSE:JHG) Hits New 12-Month High After Analyst Upgrade

Janus Henderson Group plc (NYSE:JHG)’s stock price reached a new 52-week high during mid-day trading on Tuesday after Deutsche Bank Aktiengesellschaft raised their price target on the stock from $42.00 to $44.00. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Janus Henderson Group traded as high as $45.34 and last traded at $45.31, with a volume of 38403 shares changing hands. The stock had previously closed at $45.25.

Other analysts have also recently issued research reports about the company. JPMorgan Chase & Co. lifted their target price on Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. TD Cowen upped their target price on shares of Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group raised their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. Wells Fargo & Company boosted their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. Finally, UBS Group lifted their target price on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $41.75.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total value of $318,420.00. Following the sale, the chief financial officer now owns 139,171 shares of the company’s stock, valued at approximately $4,923,869.98. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now directly owns 89,048 shares in the company, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total transaction of $318,420.00. Following the sale, the chief financial officer now directly owns 139,171 shares of the company’s stock, valued at $4,923,869.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,651 shares of company stock valued at $918,158 over the last three months. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several large investors have recently added to or reduced their stakes in JHG. Millennium Management LLC raised its stake in shares of Janus Henderson Group by 43.5% during the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after acquiring an additional 1,809,249 shares in the last quarter. AQR Capital Management LLC increased its holdings in Janus Henderson Group by 64.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock worth $40,677,000 after purchasing an additional 473,308 shares during the period. Principal Financial Group Inc. raised its position in Janus Henderson Group by 28.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock valued at $79,248,000 after purchasing an additional 467,049 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock worth $272,741,000 after buying an additional 344,582 shares during the period. Finally, Marshall Wace LLP increased its stake in shares of Janus Henderson Group by 48.7% during the second quarter. Marshall Wace LLP now owns 1,000,823 shares of the company’s stock valued at $33,738,000 after buying an additional 327,819 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Price Performance

The firm has a fifty day moving average of $39.17 and a two-hundred day moving average of $36.12. The stock has a market capitalization of $7.08 billion, a P/E ratio of 17.89, a P/E/G ratio of 0.59 and a beta of 1.49. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 2.08.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The business had revenue of $624.80 million during the quarter, compared to analyst estimates of $600.88 million. During the same quarter in the previous year, the business posted $0.64 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. On average, analysts predict that Janus Henderson Group plc will post 3.4 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.50%. The ex-dividend date of this dividend is Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio is currently 61.66%.

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.