Evercore ISI Raises Janus Henderson Group (NYSE:JHG) Price Target to $43.00

Janus Henderson Group (NYSE:JHG) had its target price lifted by equities researchers at Evercore ISI from $40.00 to $43.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “in-line” rating on the stock. Evercore ISI’s price target would suggest a potential downside of 2.76% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. UBS Group raised their price target on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. The Goldman Sachs Group lifted their price objective on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. TD Cowen lifted their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company boosted their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, Janus Henderson Group has an average rating of “Hold” and an average price target of $41.50.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $44.22 on Thursday. The firm has a market capitalization of $7.03 billion, a P/E ratio of 17.48, a P/E/G ratio of 0.59 and a beta of 1.49. Janus Henderson Group has a 52 week low of $24.04 and a 52 week high of $44.85. The firm’s 50 day moving average is $39.02 and its two-hundred day moving average is $35.97. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The firm had revenue of $624.80 million during the quarter, compared to the consensus estimate of $600.88 million. During the same period last year, the company earned $0.64 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. Research analysts forecast that Janus Henderson Group will post 3.4 EPS for the current fiscal year.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the firm’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CAO Michelle Rosenberg sold 7,651 shares of the firm’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 sale, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at $3,251,142.48. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the firm’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the sale, the chief financial officer now directly owns 130,171 shares of the company’s stock, valued at $4,634,087.60. This represents a 0.00 % decrease in their ownership of the stock. 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 Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc bought a new position in Janus Henderson Group during the second quarter worth about $34,000. Larson Financial Group LLC increased its position in shares of Janus Henderson Group by 401.6% in the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Huntington National Bank increased its position in shares of Janus Henderson Group by 24.5% in the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 240 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in Janus Henderson Group by 41.9% during the first quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after buying an additional 419 shares during the last quarter. Finally, Addison Advisors LLC increased its position in Janus Henderson Group by 103.4% during the third quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after buying an additional 642 shares during the last quarter. 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.