Janus Henderson Group (NYSE:JHG) PT Raised to $33.00 at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its price objective hoisted by investment analysts at Morgan Stanley from $30.00 to $33.00 in a report issued on Wednesday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s target price points to a potential upside of 8.27% from the stock’s previous close.

Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. upgraded shares of Janus Henderson Group from an “underweight” rating to a “neutral” rating and boosted their target price for the company from $28.00 to $31.00 in a report on Friday, February 2nd. StockNews.com upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. TD Cowen assumed coverage on shares of Janus Henderson Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $30.00 price objective for the company. The Goldman Sachs Group boosted their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research note on Tuesday, April 2nd. Finally, UBS Group boosted their price objective on shares of Janus Henderson Group from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to MarketBeat, Janus Henderson Group currently has a consensus rating of “Hold” and a consensus target price of $28.43.

Janus Henderson Group Stock Performance

NYSE:JHG opened at $30.48 on Wednesday. The firm has a 50 day simple moving average of $31.62 and a 200-day simple moving average of $28.59. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76. The firm has a market cap of $4.91 billion, a PE ratio of 12.86, a P/E/G ratio of 1.51 and a beta of 1.52. Janus Henderson Group has a 1-year low of $22.17 and a 1-year high of $33.25.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Janus Henderson Group had a net margin of 18.39% and a return on equity of 9.46%. The firm had revenue of $568.50 million during the quarter, compared to the consensus estimate of $520.26 million. During the same period in the previous year, the firm earned $0.61 earnings per share. Janus Henderson Group’s revenue was up 10.3% compared to the same quarter last year. On average, equities analysts expect that Janus Henderson Group will post 2.75 EPS for the current year.

Insider Activity

In related news, CFO Roger Mj Thompson sold 30,656 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the sale, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Roger Mj Thompson sold 30,656 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the sale, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brennan A. Hughes sold 1,812 shares of the company’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total transaction of $58,473.24. Following the completion of the sale, the chief accounting officer now directly owns 3,535 shares in the company, valued at $114,074.45. The disclosure for this sale can be found here. Over the last three months, insiders sold 70,133 shares of company stock worth $2,172,459. 19.60% of the stock is currently owned by company insiders.

Institutional Trading of Janus Henderson Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. State of Michigan Retirement System raised its holdings in shares of Janus Henderson Group by 2.2% during the first quarter. State of Michigan Retirement System now owns 32,513 shares of the company’s stock worth $1,069,000 after purchasing an additional 700 shares during the period. Janiczek Wealth Management LLC raised its holdings in shares of Janus Henderson Group by 28.8% during the first quarter. Janiczek Wealth Management LLC now owns 8,362 shares of the company’s stock worth $275,000 after purchasing an additional 1,872 shares during the period. DGS Capital Management LLC raised its holdings in shares of Janus Henderson Group by 14.4% during the first quarter. DGS Capital Management LLC now owns 12,678 shares of the company’s stock worth $417,000 after purchasing an additional 1,598 shares during the period. Clarus Wealth Advisors acquired a new stake in shares of Janus Henderson Group during the first quarter worth $205,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Janus Henderson Group during the first quarter worth $6,793,000. 87.94% of the stock is 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.