Janus Henderson Group (NYSE:JHG) Rating Increased to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a report published on Saturday morning.

Several other equities research analysts have also commented on the company. Bank of America upped their target price on Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a research report on Thursday, October 2nd. JPMorgan Chase & Co. upped their target price on Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Evercore ISI upped their target price on Janus Henderson Group from $45.00 to $48.00 and gave the company an “in-line” rating in a research report on Friday, September 5th. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 8th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Janus Henderson Group in a research report on Wednesday. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Janus Henderson Group Trading Down 4.8%

NYSE JHG opened at $41.82 on Friday. The business’s 50-day moving average price is $44.15 and its two-hundred day moving average price is $39.34. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $46.68. The firm has a market capitalization of $6.52 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.93 and a beta of 1.54. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.The firm had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. During the same quarter in the previous year, the company posted $0.85 EPS. The business’s revenue was up 7.6% on a year-over-year basis. On average, analysts expect that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group’s dividend payout ratio is 60.15%.

Insider Buying and Selling

In related news, CFO Roger Mj Thompson sold 27,491 shares of the company’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the transaction, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Georgina Fogo sold 69,000 shares of the company’s stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares in the company, valued at approximately $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Brooklyn Investment Group raised its stake in Janus Henderson Group by 182.2% during the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock worth $33,000 after buying an additional 594 shares during the period. Traub Capital Management LLC purchased a new stake in shares of Janus Henderson Group in the second quarter worth approximately $37,000. UMB Bank n.a. raised its stake in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock worth $42,000 after purchasing an additional 385 shares during the last quarter. Allworth Financial LP raised its stake in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $48,000 after purchasing an additional 684 shares during the last quarter. Finally, Fifth Third Bancorp raised its stake in shares of Janus Henderson Group by 40.2% in the second quarter. Fifth Third Bancorp now owns 2,167 shares of the company’s stock worth $84,000 after purchasing an additional 621 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

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.