Brokerages Set Janus Henderson Group plc (NYSE:JHG) Target Price at $34.63

Janus Henderson Group plc (NYSE:JHG) has been assigned an average recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $37.00.

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group raised their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft raised their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a report on Thursday, August 15th. TD Cowen raised their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Wells Fargo & Company raised their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday. Finally, UBS Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $33.00 to $37.00 in a report on Monday, September 9th.

Insiders Place Their Bets

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were bought at an average cost of $3.20 per share, for a total transaction of $607,539.20. Following the acquisition, the insider now directly owns 2,081,168 shares in the company, valued at approximately $6,659,737.60. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were bought at an average price of $3.20 per share, with a total value of $607,539.20. Following the transaction, the insider now owns 2,081,168 shares in the company, valued at approximately $6,659,737.60. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the sale, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,651 shares of company stock worth $918,158 in the last three months. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Large investors have recently modified their holdings of the business. Miller Howard Investments Inc. NY lifted its position in Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after buying an additional 282 shares during the last quarter. Greenwood Capital Associates LLC increased 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 during the last quarter. Abich Financial Wealth Management LLC increased its stake in Janus Henderson Group by 26.5% in the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after purchasing an additional 377 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Janus Henderson Group by 15.7% during the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $107,000 after acquiring an additional 382 shares during the last quarter. Finally, Graypoint LLC grew its position in Janus Henderson Group by 4.2% in the 2nd quarter. Graypoint LLC now owns 10,221 shares of the company’s stock valued at $345,000 after buying an additional 410 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Up 1.2 %

Shares of NYSE:JHG opened at $39.27 on Monday. The firm has a fifty day moving average price of $36.80 and a two-hundred day moving average price of $34.64. 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 has a one year low of $22.17 and a one year high of $39.64. The company has a market cap of $6.25 billion, a price-to-earnings ratio of 13.45, a PEG ratio of 0.75 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $588.40 million for the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The firm’s revenue was up 13.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.62 EPS. Analysts anticipate that Janus Henderson Group will post 3.26 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s payout ratio is 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.