Janus Henderson Group (NYSE:JHG) Sets New 52-Week High – What’s Next?

Janus Henderson Group plc (NYSE:JHG)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $41.59 and last traded at $41.05, with a volume of 144454 shares changing hands. The stock had previously closed at $41.01.

Wall Street Analyst Weigh In

JHG has been the topic of a number of analyst reports. TD Cowen upped their target price on Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Morgan Stanley upped their price objective on Janus Henderson Group from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft boosted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday, August 15th. Finally, The Goldman Sachs Group raised their target price on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.63.

Janus Henderson Group Price Performance

The stock has a fifty day simple moving average of $38.13 and a two-hundred day simple moving average of $35.38. The company has a market cap of $6.59 billion, a PE ratio of 15.51, a price-to-earnings-growth ratio of 0.76 and a beta of 1.50. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $588.40 million for the quarter, compared to analyst estimates of $568.79 million. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The company’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.62 earnings per share. On average, equities analysts predict that Janus Henderson Group plc will post 3.26 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares of the company’s stock, valued at approximately $4,634,087.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the business’s 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 transaction, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.60, for a total transaction of $320,400.00. Following the completion of the transaction, the chief financial officer now owns 130,171 shares of the company’s stock, valued at $4,634,087.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,651 shares of company stock worth $918,158 in the last 90 days. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently bought and sold shares of JHG. Millennium Management LLC lifted its holdings 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 purchasing an additional 1,809,249 shares during the last quarter. AQR Capital Management LLC boosted its holdings in shares of Janus Henderson Group by 64.5% in the second quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock worth $40,677,000 after buying an additional 473,308 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 in the last quarter. Marshall Wace LLP raised its holdings 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 acquiring an additional 327,819 shares during the period. Finally, Smith Group Asset Management LLC purchased a new stake in shares of Janus Henderson Group in the 1st quarter valued at approximately $7,190,000. 87.94% of the stock is currently owned by institutional investors.

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.