Janus Henderson Group (NYSE:JHG) Releases Earnings Results, Beats Expectations By $0.82 EPS

Janus Henderson Group (NYSE:JHG) posted its quarterly earnings data on Friday. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.82, FiscalAI reports. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The business had revenue of $996.60 million during the quarter, compared to the consensus estimate of $763.09 million. During the same period in the prior year, the firm earned $1.07 EPS. Janus Henderson Group’s quarterly revenue was up 61.3% compared to the same quarter last year.

Janus Henderson Group Stock Performance

JHG opened at $48.16 on Friday. The stock’s 50 day simple moving average is $46.50 and its 200-day simple moving average is $44.58. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08. The stock has a market cap of $7.44 billion, a PE ratio of 14.12, a P/E/G ratio of 0.78 and a beta of 1.54. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $49.42.

Wall Street Analyst Weigh In

A number of research firms have issued reports on JHG. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Morgan Stanley increased their target price on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Evercore ISI lowered their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Finally, TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 23rd. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds have recently made changes to their positions in JHG. CIBC Private Wealth Group LLC raised its stake in Janus Henderson Group by 540.4% during the third quarter. CIBC Private Wealth Group LLC now owns 1,633 shares of the company’s stock worth $73,000 after acquiring an additional 1,378 shares in the last quarter. Triumph Capital Management bought a new stake in Janus Henderson Group during the 3rd quarter worth about $111,000. Amundi lifted its holdings in Janus Henderson Group by 13.8% in the first quarter. Amundi now owns 4,177 shares of the company’s stock valued at $150,000 after buying an additional 506 shares during the period. Shelton Capital Management acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $203,000. Finally, Certuity LLC bought a new position in Janus Henderson Group during the third quarter worth about $206,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

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.