Janus Henderson Group (NYSE:JHG) Given New $33.00 Price Target at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its target price lifted by equities researchers at Morgan Stanley from $32.00 to $33.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Morgan Stanley’s price target indicates a potential downside of 7.28% from the stock’s previous close.

Several other equities analysts also recently commented on JHG. Wells Fargo & Company lowered their target price on shares of Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Bank of America raised Janus Henderson Group from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $57.00 to $43.00 in a research report on Thursday, April 3rd. JPMorgan Chase & Co. upgraded shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $44.00 to $53.00 in a research note on Wednesday, February 5th. Finally, The Goldman Sachs Group dropped their target price on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.78.

Janus Henderson Group Stock Performance

Shares of JHG opened at $35.59 on Tuesday. The company has a market capitalization of $5.61 billion, a PE ratio of 13.90, a PEG ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The company’s 50 day moving average price is $34.64 and its 200 day moving average price is $40.26. Janus Henderson Group has a 52 week low of $28.26 and a 52 week high of $46.68.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $621.40 million during the quarter, compared to analysts’ expectations of $623.56 million. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The firm’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.71 EPS. Research analysts expect that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. US Bancorp DE grew its stake in shares of Janus Henderson Group by 2.3% during the fourth quarter. US Bancorp DE now owns 11,003 shares of the company’s stock valued at $468,000 after purchasing an additional 243 shares during the last quarter. Avantax Advisory Services Inc. boosted its position in Janus Henderson Group by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company’s stock valued at $270,000 after buying an additional 270 shares during the last quarter. UMB Bank n.a. increased its stake in shares of Janus Henderson Group by 56.5% in the 4th quarter. UMB Bank n.a. now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 284 shares during the period. Callan Capital LLC raised its position in shares of Janus Henderson Group by 5.3% during the fourth quarter. Callan Capital LLC now owns 5,741 shares of the company’s stock worth $244,000 after acquiring an additional 287 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of Janus Henderson Group by 33.9% during the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock valued at $48,000 after acquiring an additional 288 shares during the period. 87.94% of the stock is owned by 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.