Janus Henderson Group plc (NYSE:JHG) Receives $49.40 Average Price Target from Brokerages

Shares of Janus Henderson Group plc (NYSE:JHG) have received a consensus recommendation of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $49.40.

JHG has been the subject of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th.

Janus Henderson Group Price Performance

NYSE:JHG opened at $51.95 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. The firm’s 50-day moving average price is $51.87 and its 200-day moving average price is $50.78. The company has a market capitalization of $8.00 billion, a PE ratio of 10.23, a P/E/G ratio of 5.78 and a beta of 1.35. Janus Henderson Group has a 1-year low of $38.67 and a 1-year high of $53.76.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Friday, May 8th. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.08). The business had revenue of $541.60 million for the quarter, compared to the consensus estimate of $560.37 million. Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The company’s revenue was up 11.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.79 EPS. On average, equities analysts predict that Janus Henderson Group will post 4.39 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada boosted its holdings in shares of Janus Henderson Group by 38.3% in the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after buying an additional 31,889 shares during the last quarter. Amundi increased its holdings in Janus Henderson Group by 13.8% during 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 last quarter. Jones Financial Companies Lllp increased its holdings in Janus Henderson Group by 1,538.8% during the first quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after buying an additional 8,294 shares during the last quarter. Goldman Sachs Group Inc. raised its position in Janus Henderson Group by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after acquiring an additional 186,218 shares during the period. Finally, Jane Street Group LLC raised its position in Janus Henderson Group by 1,924.0% in the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after acquiring an additional 265,550 shares during the period. Institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

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.