Janus Henderson Group (NYSE:JHG) Price Target Raised to $48.00

Janus Henderson Group (NYSE:JHG) had its price target lifted by Morgan Stanley from $46.00 to $48.00 in a research note released on Friday,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

JHG has been the subject of several other research reports. The Goldman Sachs Group lifted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research report on Thursday, October 3rd. Wells Fargo & Company lifted their target price on shares of Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, November 11th. UBS Group boosted their price objective on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, TD Cowen increased their target price on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $43.38.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $42.55 on Friday. The company has a 50 day simple moving average of $43.07 and a two-hundred day simple moving average of $38.39. Janus Henderson Group has a fifty-two week low of $28.19 and a fifty-two week high of $45.74. The company has a market capitalization of $6.77 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.62 and a beta of 1.48. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The company had revenue of $624.80 million during the quarter, compared to analyst estimates of $600.88 million. During the same quarter last year, the company earned $0.64 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. Analysts expect that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.56 annualized dividend and a dividend yield of 3.67%. Janus Henderson Group’s payout ratio is 61.66%.

Institutional Trading of Janus Henderson Group

A number of hedge funds have recently bought and sold shares of JHG. Millennium Management LLC grew its stake in shares of Janus Henderson Group by 43.5% during the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after purchasing an additional 1,809,249 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Janus Henderson Group by 350.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,062,869 shares of the company’s stock valued at $40,463,000 after buying an additional 827,132 shares during the period. AQR Capital Management LLC grew its position in Janus Henderson Group by 64.5% during the second quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock valued at $40,677,000 after buying an additional 473,308 shares during the period. Principal Financial Group Inc. increased its holdings in Janus Henderson Group by 28.9% during the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock valued at $79,248,000 after buying an additional 467,049 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Janus Henderson Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock worth $272,741,000 after acquiring an additional 344,582 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

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.