Janus Henderson Group plc (NYSE:JHG) Receives $48.29 Average Price Target from Brokerages

Janus Henderson Group plc (NYSE:JHG) has earned an average rating of “Hold” from the nine research firms that are covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $48.2857.

Several research analysts recently commented on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th.

Janus Henderson Group Stock Up 0.0%

JHG opened at $51.70 on Tuesday. The company has a 50 day moving average of $51.40 and a 200 day moving average of $48.05. The company has a market cap of $7.97 billion, a PE ratio of 10.18, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37. Janus Henderson Group has a 12 month low of $35.56 and a 12 month high of $53.76. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, May 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.08). The business had revenue of $541.60 million during the quarter, compared to the consensus estimate of $560.37 million. Janus Henderson Group had a return on equity of 14.82% and a net margin of 24.33%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the business posted $0.79 earnings per share. On average, sell-side analysts expect that Janus Henderson Group will post 4.39 EPS for the current 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 shares were sold at an average price of $49.12, for a total value 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the transaction, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. The trade was a 11.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 146,229 shares of company stock valued at $7,239,650. Company insiders own 21.00% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Allianz Asset Management GmbH boosted its holdings in Janus Henderson Group by 5.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,767,657 shares of the company’s stock valued at $78,678,000 after purchasing an additional 94,771 shares during the period. Fisher Asset Management LLC boosted its holdings in Janus Henderson Group by 17.4% in the 3rd quarter. Fisher Asset Management LLC now owns 1,807,154 shares of the company’s stock valued at $80,436,000 after purchasing an additional 268,483 shares during the period. JPMorgan Chase & Co. boosted its holdings in Janus Henderson Group by 28.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 754,201 shares of the company’s stock valued at $33,569,000 after purchasing an additional 168,241 shares during the period. Millennium Management LLC boosted its holdings in Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after purchasing an additional 1,154,481 shares during the period. Finally, Park Avenue Securities LLC boosted its holdings in Janus Henderson Group by 101.0% in the 3rd quarter. Park Avenue Securities LLC now owns 50,890 shares of the company’s stock valued at $2,265,000 after purchasing an additional 25,570 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.