Janus Henderson Group (NYSE:JHG) Upgraded to Buy by StockNews.com

StockNews.com upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a report issued on Monday.

A number of other equities research analysts have also issued reports on JHG. JPMorgan Chase & Co. upped their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a neutral rating in a research note on Friday. UBS Group upped their price objective on Janus Henderson Group from $30.00 to $31.00 and gave the company a sell rating in a research note on Wednesday, July 10th. TD Cowen lifted their target price on Janus Henderson Group from $37.00 to $38.00 and gave the stock a buy rating in a research report on Monday, July 8th. Finally, Morgan Stanley upped their price target on Janus Henderson Group from $30.00 to $33.00 and gave the company an equal weight rating in a research report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of Hold and a consensus price target of $30.92.

Janus Henderson Group Stock Up 1.1 %

Shares of JHG traded up $0.36 during trading on Monday, reaching $34.20. The company’s stock had a trading volume of 1,109,273 shares, compared to its average volume of 1,073,628. The company has a market cap of $5.49 billion, a price-to-earnings ratio of 13.01, a P/E/G ratio of 0.83 and a beta of 1.51. The company has a quick ratio of 2.64, a current ratio of 3.92 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $34.42 and a two-hundred day moving average of $32.63. Janus Henderson Group has a twelve month low of $22.17 and a twelve month high of $39.11.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The business had revenue of $588.40 million during the quarter, compared to analyst estimates of $568.79 million. During the same quarter in the previous year, the firm earned $0.62 earnings per share. The business’s revenue was up 13.9% compared to the same quarter last year. On average, sell-side analysts predict that Janus Henderson Group will post 3.15 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.56%. The ex-dividend date is Monday, August 12th. Janus Henderson Group’s dividend payout ratio (DPR) is 58.87%.

Insider Buying and Selling

In other news, major shareholder Henderson Group Plc Janus bought 189,856 shares of Janus Henderson Group stock in a transaction on Wednesday, July 24th. The stock was purchased at an average cost of $3.20 per share, with a total value of $607,539.20. Following the purchase, the insider now directly owns 2,081,168 shares of the company’s stock, valued at approximately $6,659,737.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought a total of 487,179 shares of company stock valued at $1,650,371 in the last quarter. Company insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

Hedge funds have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Janus Henderson Group by 25.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,902 shares of the company’s stock valued at $540,000 after purchasing an additional 3,589 shares during the period. Confluence Wealth Services Inc. raised its position in shares of Janus Henderson Group by 18.6% during the 4th quarter. Confluence Wealth Services Inc. now owns 24,283 shares of the company’s stock worth $732,000 after buying an additional 3,813 shares in the last quarter. Graypoint LLC acquired a new stake in shares of Janus Henderson Group in the 4th quarter worth approximately $232,000. Louisiana State Employees Retirement System bought a new position in shares of Janus Henderson Group in the fourth quarter valued at approximately $1,122,000. Finally, Lecap Asset Management Ltd. acquired a new position in shares of Janus Henderson Group during the fourth quarter valued at approximately $381,000. 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.