Janus Henderson Group PLC (JHG) Given Consensus Rating of “Hold” by Analysts
Janus Henderson Group PLC (NYSE:JHG) has received an average rating of “Hold” from the nine ratings firms that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $28.87.
Several analysts have issued reports on the company. JPMorgan Chase & Co. lowered Janus Henderson Group from an “overweight” rating to a “neutral” rating in a report on Thursday, April 11th. Zacks Investment Research raised Janus Henderson Group from a “hold” rating to a “buy” rating and set a $28.00 price target for the company in a report on Wednesday, April 10th. ValuEngine lowered Janus Henderson Group from a “sell” rating to a “strong sell” rating in a report on Tuesday, April 9th. Finally, Bank of America set a $24.00 price target on Janus Henderson Group and gave the company a “sell” rating in a report on Tuesday, April 9th.
Institutional investors have recently made changes to their positions in the company. JOYN Advisors Inc. lifted its position in shares of Janus Henderson Group by 1,046.4% in the fourth quarter. JOYN Advisors Inc. now owns 1,261 shares of the company’s stock valued at $26,000 after acquiring an additional 1,151 shares in the last quarter. Valeo Financial Advisors LLC purchased a new position in shares of Janus Henderson Group in the first quarter valued at about $34,000. Advisors Preferred LLC purchased a new position in shares of Janus Henderson Group in the fourth quarter valued at about $66,000. Oregon Public Employees Retirement Fund lifted its position in shares of Janus Henderson Group by 1,972.0% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,481,770 shares of the company’s stock valued at $72,000 after acquiring an additional 1,410,256 shares in the last quarter. Finally, Paragon Capital Management LLC purchased a new position in shares of Janus Henderson Group in the first quarter valued at about $74,000. Institutional investors and hedge funds own 60.41% of the company’s stock.
Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Tuesday, February 5th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.04). Janus Henderson Group had a net margin of 22.53% and a return on equity of 11.05%. The company had revenue of $545.10 million for the quarter, compared to the consensus estimate of $560.57 million. During the same period in the prior year, the firm posted $0.73 EPS. The business’s revenue for the quarter was down 12.3% on a year-over-year basis. Equities research analysts predict that Janus Henderson Group will post 2.57 EPS for the current year.
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.
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