Janus Henderson Group (NYSE:JHG) Sees Strong Trading Volume – Still a Buy?

Janus Henderson Group plc (NYSE:JHG) saw strong trading volume on Tuesday . 2,440,579 shares were traded during trading, an increase of 7% from the previous session’s volume of 2,286,757 shares.The stock last traded at $51.7540 and had previously closed at $50.46.

Analysts Set New Price Targets

Several research firms have recently issued reports on JHG. Morgan Stanley boosted their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Bank of America reiterated a “neutral” rating and issued a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

Janus Henderson Group Stock Down 0.2%

The company’s 50 day simple moving average is $49.29 and its 200-day simple moving average is $46.20. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18. The firm has a market capitalization of $7.91 billion, a PE ratio of 9.76, a PEG ratio of 1.47 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. The firm had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. During the same period in the previous year, the business earned $1.07 EPS. The business’s revenue for the quarter was up 61.3% on a year-over-year basis. On average, analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Ali Dibadj sold 127,632 shares of the business’s stock in a transaction dated 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 transaction, the chief executive officer directly owned 449,078 shares in the company, valued at $22,058,711.36. The trade was a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the sale, the insider directly owned 12,204 shares in the company, valued at approximately $625,332.96. The trade was a 11.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,229 shares of company stock worth $7,239,650 over the last ninety days. 19.60% of the stock is owned by corporate insiders.

Institutional Trading of Janus Henderson Group

A number of hedge funds have recently bought and sold shares of the company. Rockefeller Capital Management L.P. boosted its holdings in Janus Henderson Group by 29.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock valued at $44,000 after acquiring an additional 215 shares during the period. Hsbc Holdings PLC increased its stake in Janus Henderson Group by 1,064.0% in the 4th quarter. Hsbc Holdings PLC now owns 584,499 shares of the company’s stock worth $27,810,000 after purchasing an additional 534,285 shares during the period. Caitong International Asset Management Co. Ltd purchased a new position in Janus Henderson Group in the 4th quarter worth approximately $52,000. Sit Investment Associates Inc. lifted its position in Janus Henderson Group by 68.4% in the fourth quarter. Sit Investment Associates Inc. now owns 22,160 shares of the company’s stock valued at $1,054,000 after purchasing an additional 9,000 shares during the last quarter. Finally, DGS Capital Management LLC boosted its stake in shares of Janus Henderson Group by 41.5% during the fourth quarter. DGS Capital Management LLC now owns 24,896 shares of the company’s stock valued at $1,184,000 after purchasing an additional 7,307 shares during the period. 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.