Janus Henderson Group (NYSE:JHG) Rating Increased to Buy at StockNews.com

Janus Henderson Group (NYSE:JHG) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

JHG has been the topic of several other research reports. Evercore ISI raised their price objective on Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research note on Thursday, November 7th. JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $53.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group raised Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $42.00 to $45.00 in a research note on Monday, January 6th. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $45.00 to $50.00 in a report on Monday, February 24th. Finally, Wells Fargo & Company raised their price target on Janus Henderson Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Janus Henderson Group currently has an average rating of “Hold” and an average price target of $47.38.

Janus Henderson Group Stock Performance

Shares of JHG traded down $0.97 on Monday, reaching $41.23. The company’s stock had a trading volume of 1,571,709 shares, compared to its average volume of 985,445. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.08. The stock has a market capitalization of $6.56 billion, a P/E ratio of 16.11, a PEG ratio of 0.66 and a beta of 1.50. The stock’s 50 day simple moving average is $43.06 and its two-hundred day simple moving average is $41.42. Janus Henderson Group has a 12-month low of $30.35 and a 12-month high of $46.68.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period in the prior year, the business earned $0.82 EPS. Research analysts forecast that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Janus Henderson Group

Several institutional investors have recently bought and sold shares of JHG. Quarry LP grew its stake in Janus Henderson Group by 203.6% during the third quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after acquiring an additional 509 shares in the last quarter. UMB Bank n.a. boosted its position in shares of Janus Henderson Group by 56.5% during the 4th quarter. UMB Bank n.a. now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 284 shares during the last quarter. Richardson Financial Services Inc. boosted its position in shares of Janus Henderson Group by 89.4% during the 4th quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock valued at $33,000 after acquiring an additional 363 shares during the last quarter. True Wealth Design LLC boosted its position in shares of Janus Henderson Group by 66.9% during the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock valued at $43,000 after acquiring an additional 409 shares during the last quarter. Finally, Huntington National Bank boosted its position in shares of Janus Henderson Group by 24.5% during the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 240 shares during the last quarter. 87.94% of the stock is 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.