Janus Henderson Group (NYSE:JHG) Sets New 12-Month High – Here’s Why

Janus Henderson Group plc (NYSE:JHG)’s share price reached a new 52-week high during mid-day trading on Tuesday . The company traded as high as $49.48 and last traded at $49.43, with a volume of 2071891 shares trading hands. The stock had previously closed at $49.05.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JHG. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research note on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Finally, Evercore dropped their price target on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, Janus Henderson Group currently has an average rating of “Moderate Buy” and a consensus price target of $47.67.

Janus Henderson Group Stock Performance

The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.32, a P/E/G ratio of 1.40 and a beta of 1.54. The company has a 50 day moving average price of $47.75 and a 200 day moving average price of $45.18. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share (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 analysts’ expectations 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 revenue was up 61.3% on a year-over-year basis. During the same period last year, the company earned $1.07 earnings per share. Equities research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Janus Henderson Group news, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value 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 transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 19.60% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

A number of large investors have recently made changes to their positions in JHG. Royal Bank of Canada lifted its stake in Janus Henderson Group by 38.3% in the 1st quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after purchasing an additional 31,889 shares in the last quarter. Amundi increased its holdings in shares of Janus Henderson Group by 13.8% in the first quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after purchasing an additional 506 shares during the period. Jones Financial Companies Lllp raised its position in shares of Janus Henderson Group by 1,538.8% in the first quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock worth $319,000 after buying an additional 8,294 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Janus Henderson Group by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock valued at $46,992,000 after buying an additional 186,218 shares during the period. Finally, Jane Street Group LLC boosted its stake in Janus Henderson Group by 1,924.0% during the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after buying an additional 265,550 shares during the period. 87.94% of the stock is owned by institutional investors.

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.