Bank of America Reiterates Neutral Rating for Janus Henderson Group (NYSE:JHG)

Janus Henderson Group (NYSE:JHG)‘s stock had its “neutral” rating restated by investment analysts at Bank of America in a report released on Monday,Benzinga reports. They presently have a $49.00 target price on the stock, down from their prior target price of $54.00. Bank of America‘s price target would indicate a potential upside of 2.63% from the company’s previous close.

A number of other research analysts also recently issued reports on JHG. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a report on Tuesday, December 23rd. Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Monday, December 22nd. Morgan Stanley increased their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Evercore ISI cut their price objective on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Janus Henderson Group presently has an average rating of “Hold” and a consensus price target of $47.67.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $47.75 on Monday. The company has a 50 day simple moving average of $44.74 and a two-hundred day simple moving average of $43.43. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 14.00, a PEG ratio of 0.75 and a beta of 1.54. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $49.42.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $700.40 million for the quarter, compared to analyst estimates of $695.57 million. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The business’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 earnings per share. As a group, analysts predict that Janus Henderson Group will post 3.75 earnings per share for the current year.

Institutional Trading of Janus Henderson Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Norges Bank purchased a new stake in shares of Janus Henderson Group during the 2nd quarter valued at approximately $86,180,000. Brighton Jones LLC purchased a new position in Janus Henderson Group in the second quarter worth approximately $685,000. Voleon Capital Management LP acquired a new stake in Janus Henderson Group during the first quarter worth $395,000. Aviva PLC acquired a new stake in Janus Henderson Group during the second quarter worth $526,000. Finally, Cresset Asset Management LLC raised its position in Janus Henderson Group by 316.8% in the second quarter. Cresset Asset Management LLC now owns 63,262 shares of the company’s stock valued at $2,457,000 after purchasing an additional 48,084 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.