Janus Henderson Group (NYSE:JHG) Sets New 1-Year High Following Analyst Upgrade

Shares of Janus Henderson Group plc (NYSE:JHG) hit a new 52-week high during trading on Wednesday after Wells Fargo & Company raised their price target on the stock from $37.00 to $38.00. Wells Fargo & Company currently has an equal weight rating on the stock. Janus Henderson Group traded as high as $39.25 and last traded at $39.24, with a volume of 19322 shares changing hands. The stock had previously closed at $38.96.

Several other analysts also recently commented on JHG. The Goldman Sachs Group increased their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. Evercore ISI increased their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a research report on Friday, October 4th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research report on Thursday, August 15th. TD Cowen increased their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a research report on Monday, July 8th. Finally, UBS Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and increased their price target for the company from $33.00 to $37.00 in a research report on Monday, September 9th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $37.00.

Insiders Place Their Bets

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $607,539.20. Following the completion of the transaction, the insider now directly owns 2,081,168 shares of the company’s stock, valued at $6,659,737.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $607,539.20. Following the completion of the transaction, the insider now directly owns 2,081,168 shares of the company’s stock, valued at $6,659,737.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the transaction, the chief financial officer now owns 139,171 shares of the company’s stock, valued at $4,923,869.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 25,651 shares of company stock worth $918,158 over the last quarter. 19.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors and hedge funds have recently bought and sold shares of JHG. Greenwood Capital Associates LLC raised its stake in Janus Henderson Group by 0.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock valued at $1,376,000 after purchasing an additional 350 shares in the last quarter. Vanguard Group Inc. raised its stake in Janus Henderson Group by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 13,580,920 shares of the company’s stock valued at $409,465,000 after purchasing an additional 40,427 shares in the last quarter. Quadrature Capital Ltd purchased a new stake in Janus Henderson Group in the fourth quarter valued at approximately $834,000. BTC Capital Management Inc. purchased a new stake in Janus Henderson Group in the first quarter valued at approximately $742,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in Janus Henderson Group in the first quarter valued at approximately $6,793,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Price Performance

The firm has a market capitalization of $6.18 billion, a PE ratio of 13.29, a P/E/G ratio of 0.75 and a beta of 1.50. The business’s 50 day moving average is $36.78 and its two-hundred day moving average is $34.61. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.05 and a quick ratio of 2.67.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping the consensus estimate of $0.74 by $0.11. The firm had revenue of $588.40 million for the quarter, compared to the consensus estimate of $568.79 million. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The business’s revenue was up 13.9% compared to the same quarter last year. During the same period last year, the firm posted $0.62 earnings per share. As a group, research analysts anticipate that Janus Henderson Group plc will post 3.26 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.02%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 53.42%.

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.