Janus Henderson Group (NYSE:JHG) Reaches New 52-Week High – Time to Buy?

Janus Henderson Group plc (NYSE:JHG)’s share price reached a new 52-week high on Monday . The stock traded as high as $50.23 and last traded at $49.8510, with a volume of 174770 shares trading hands. The stock had previously closed at $50.20.

Wall Street Analysts Forecast Growth

JHG has been the topic of several recent analyst reports. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Evercore cut their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Finally, TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $47.67.

Janus Henderson Group Price Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02. The company has a market capitalization of $7.70 billion, a PE ratio of 9.48, a P/E/G ratio of 1.43 and a beta of 1.54. The company’s 50-day simple moving average is $47.84 and its 200-day simple moving average is $45.26.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.82. The business had revenue of $996.60 million during the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The business’s quarterly revenue was up 61.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.07 earnings per share. As a group, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Insider Activity at Janus Henderson Group

In related news, CEO Ali Dibadj sold 127,632 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the sale, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 20.40% of the stock is owned by company insiders.

Hedge Funds Weigh In On Janus Henderson Group

Large investors have recently bought and sold shares of the company. Norges Bank acquired a new position in Janus Henderson Group during the fourth quarter worth $117,881,000. AQR Capital Management LLC increased its position in shares of Janus Henderson Group by 92.1% in the second quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after buying an additional 1,773,964 shares in the last quarter. Hudson Bay Capital Management LP purchased a new stake in shares of Janus Henderson Group in the 4th quarter worth about $79,861,000. Millennium Management LLC increased its stake in shares of Janus Henderson Group by 20.3% during the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after purchasing an additional 1,154,481 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in shares of Janus Henderson Group in the fourth quarter worth $47,427,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

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.