Janus Henderson Group (NYSE:JHG) Now Covered by Analysts at Wells Fargo & Company

Research analysts at Wells Fargo & Company started coverage on shares of Janus Henderson Group (NYSE:JHG) in a note issued to investors on Thursday, Marketbeat.com reports. The firm set an “equal weight” rating and a $37.00 price target on the stock. Wells Fargo & Company‘s price target indicates a potential upside of 2.21% from the company’s current price.

Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. lifted their price objective on shares of Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. TD Cowen upped their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a research note on Monday, July 8th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. UBS Group raised Janus Henderson Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $33.00 to $37.00 in a research report on Monday, September 9th. Finally, StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Janus Henderson Group currently has an average rating of “Hold” and a consensus price target of $33.33.

Janus Henderson Group Stock Up 1.1 %

Shares of JHG stock opened at $36.20 on Thursday. Janus Henderson Group has a 52-week low of $22.17 and a 52-week high of $39.11. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 13.66, a PEG ratio of 0.70 and a beta of 1.51. The firm’s 50-day moving average is $35.91 and its 200-day moving average is $33.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm had revenue of $588.40 million for the quarter, compared to analyst estimates of $568.79 million. During the same quarter in the prior year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts predict that Janus Henderson Group will post 3.23 EPS for the current year.

Insider Buying and Selling

In other news, major shareholder Henderson Group Plc Janus bought 166,042 shares of the company’s stock in a transaction dated Wednesday, July 3rd. The stock was bought at an average cost of $3.55 per share, for a total transaction of $589,449.10. Following the transaction, the insider now owns 1,648,577 shares of the company’s stock, valued at $5,852,448.35. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus purchased 166,042 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The shares were bought at an average price of $3.55 per share, for a total transaction of $589,449.10. Following the purchase, the insider now owns 1,648,577 shares in the company, valued at approximately $5,852,448.35. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $35.60, for a total value of $320,400.00. Following the transaction, the chief financial officer now directly owns 130,171 shares of the company’s stock, valued at approximately $4,634,087.60. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 492,997 shares of company stock worth $1,667,418 and have sold 25,651 shares worth $918,158. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds have recently made changes to their positions in JHG. Millennium Management LLC lifted its stake in Janus Henderson Group by 43.5% in the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after purchasing an additional 1,809,249 shares during the last quarter. Norges Bank acquired a new position in shares of Janus Henderson Group during the fourth quarter worth $20,791,000. AQR Capital Management LLC increased its holdings in shares of Janus Henderson Group by 64.5% during the second quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock worth $40,677,000 after buying an additional 473,308 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after acquiring an additional 344,582 shares during the last quarter. Finally, Marshall Wace LLP boosted its holdings in shares of Janus Henderson Group by 48.7% during the 2nd quarter. Marshall Wace LLP now owns 1,000,823 shares of the company’s stock valued at $33,738,000 after acquiring an additional 327,819 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

About Janus Henderson Group

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.