Zacks Research Downgrades Janus Henderson Group (NYSE:JHG) to Hold

Janus Henderson Group (NYSE:JHG) was downgraded by analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

Several other equities research analysts have also commented on JHG. Evercore dropped their price objective on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. Bank of America reissued a “neutral” rating and set a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, TD Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus price target of $48.29.

Janus Henderson Group Trading Down 0.0%

NYSE:JHG opened at $51.46 on Monday. Janus Henderson Group has a one year low of $28.68 and a one year high of $53.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.18 and a quick ratio of 2.50. The company’s 50-day simple moving average is $50.24 and its 200 day simple moving average is $46.87. The firm has a market capitalization of $7.93 billion, a P/E ratio of 9.78, a PEG ratio of 1.47 and a beta of 1.50.

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

Insiders Place Their Bets

In other Janus Henderson Group news, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the transaction, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Ali Dibadj sold 127,632 shares of Janus Henderson Group 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 of the company’s stock, valued at $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 146,229 shares of company stock valued at $7,239,650. Insiders own 20.40% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Institutional investors have recently modified their holdings of the business. V Square Quantitative Management LLC purchased a new stake in shares of Janus Henderson Group during the fourth quarter valued at $25,000. Bessemer Group Inc. raised its holdings in shares of Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. United Community Bank purchased a new position in shares of Janus Henderson Group during the third quarter valued at approximately $30,000. Empowered Funds LLC purchased a new position in shares of Janus Henderson Group during the fourth quarter valued at approximately $33,000. Finally, Larson Financial Group LLC raised its holdings in shares of Janus Henderson Group by 108.0% during the fourth quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock valued at $37,000 after purchasing an additional 406 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.