Janus Henderson Group (NYSE:JHG) Raised to “Buy” at Wall Street Zen

by · The Cerbat Gem

Janus Henderson Group (NYSE:JHG – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report released on Saturday.

Several other equities research analysts also recently issued reports on JHG. BMO Capital Markets started coverage on shares of Janus Henderson Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $52.00 price objective for the company. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. TD Cowen boosted their price target on Janus Henderson Group from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 31st. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Janus Henderson Group in a research report on Monday, December 8th. Finally, Bank of America lifted their target price on Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.56.

Read Our Latest Research Report on JHG

Janus Henderson Group Stock Up 1.7%

Shares of Janus Henderson Group stock opened at $46.08 on Friday. The company has a market capitalization of $7.12 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 0.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.02 and a quick ratio of 2.15. The business has a 50-day moving average of $43.69 and a two-hundred day moving average of $42.66. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $49.42.

Janus Henderson Group (NYSE:JHG – Get Free Report) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $695.57 million. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.Janus Henderson Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.91 EPS. As a group, equities analysts predict that Janus Henderson Group will post 3.75 EPS for the current year.

Institutional Trading of Janus Henderson Group

A number of large investors have recently added to or reduced their stakes in JHG. Cibc World Market Inc. lifted its stake in Janus Henderson Group by 2.9% in the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after purchasing an additional 234 shares during the last quarter. AMG National Trust Bank raised its stake in Janus Henderson Group by 0.9% in the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock valued at $1,039,000 after buying an additional 237 shares during the period. Addison Advisors LLC lifted its position in shares of Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 243 shares during the last quarter. J. W. Coons Advisors LLC boosted its stake in shares of Janus Henderson Group by 2.5% during the 2nd quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock worth $414,000 after acquiring an additional 265 shares during the period. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Janus Henderson Group by 5.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock worth $192,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

(Get Free Report)

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.

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