Janus Henderson Group (NYSE:JHG) Upgraded by The Goldman Sachs Group to “Neutral” Rating

The Goldman Sachs Group upgraded shares of Janus Henderson Group (NYSE:JHG) from a sell rating to a neutral rating in a report issued on Monday morning, MarketBeat reports. They currently have $45.00 price target on the stock, up from their previous price target of $42.00.

A number of other analysts also recently commented on the stock. Wells Fargo & Company boosted their price target on shares of Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Evercore ISI upped their target price on Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. UBS Group lifted 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. TD Cowen boosted their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Eight research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.38.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $43.23 on Monday. The business has a 50 day simple moving average of $43.65 and a 200 day simple moving average of $39.10. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 2.08. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. Janus Henderson Group has a 12-month low of $28.19 and a 12-month high of $45.74.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) 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 company had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. During the same quarter in the prior year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts anticipate that Janus Henderson Group will post 3.43 EPS for the current year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a yield of 3.61%. Janus Henderson Group’s dividend payout ratio is currently 61.66%.

Institutional Trading of Janus Henderson Group

A number of hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its position in shares of Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after acquiring an additional 344,582 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Janus Henderson Group by 43.5% in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of Janus Henderson Group by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,446,079 shares of the company’s stock worth $169,262,000 after buying an additional 36,711 shares during the period. Ariel Investments LLC grew its holdings in shares of Janus Henderson Group by 0.7% during the second quarter. Ariel Investments LLC now owns 2,256,434 shares of the company’s stock valued at $76,064,000 after buying an additional 16,653 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Janus Henderson Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock valued at $80,907,000 after buying an additional 12,884 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Company Profile

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.