Janus Henderson Group (NYSE:JHG) Upgraded at JPMorgan Chase & Co.

Janus Henderson Group (NYSE:JHG) was upgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Wednesday, Marketbeat Ratings reports. The firm presently has a $53.00 target price on the stock, up from their previous target price of $44.00. JPMorgan Chase & Co.‘s target price indicates a potential upside of 15.75% from the stock’s current price.

Other equities analysts have also issued reports about the company. TD Cowen increased their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Evercore ISI raised their price objective on Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft raised their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, November 11th. UBS Group raised their price objective on Janus Henderson Group from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday. Finally, Morgan Stanley raised their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, December 20th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $46.75.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock opened at $45.79 on Wednesday. The stock has a 50 day moving average of $43.31 and a 200 day moving average of $40.42. Janus Henderson Group has a 12 month low of $29.64 and a 12 month high of $46.68. The firm has a market cap of $7.28 billion, a PE ratio of 17.89, a PEG ratio of 0.62 and a beta of 1.50. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Friday, January 31st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same quarter last year, the firm earned $0.82 earnings per share. On average, research analysts expect that Janus Henderson Group will post 3.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in JHG. Raymond James Financial Inc. purchased a new position in Janus Henderson Group during the 4th quarter worth $726,000. Proficio Capital Partners LLC acquired a new stake in Janus Henderson Group during the 4th quarter worth about $997,000. Atria Investments Inc lifted its position in Janus Henderson Group by 12.4% during the 4th quarter. Atria Investments Inc now owns 11,003 shares of the company’s stock worth $468,000 after acquiring an additional 1,212 shares during the period. Cookson Peirce & Co. Inc. lifted its position in Janus Henderson Group by 51.9% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 17,890 shares of the company’s stock worth $761,000 after acquiring an additional 6,112 shares during the period. Finally, Victory Capital Management Inc. lifted its position in Janus Henderson Group by 1,490.0% during the 4th quarter. Victory Capital Management Inc. now owns 272,961 shares of the company’s stock worth $11,609,000 after acquiring an additional 255,794 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Company Profile

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.