Janus Henderson Group plc (NYSE:JHG) Given Consensus Recommendation of “Reduce” by Analysts

Janus Henderson Group plc (NYSE:JHG) has received an average recommendation of “Reduce” from the nine analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, six have given a hold recommendation and one has given a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $28.43.

Several research firms have issued reports on JHG. Morgan Stanley upped their price target on shares of Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday. StockNews.com raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. upgraded shares of Janus Henderson Group from an “underweight” rating to a “neutral” rating and raised their target price for the stock from $28.00 to $31.00 in a report on Friday, February 2nd. TD Cowen started coverage on shares of Janus Henderson Group in a report on Thursday, January 4th. They set a “market perform” rating and a $30.00 price target for the company. Finally, The Goldman Sachs Group increased their target price on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a report on Tuesday, April 2nd.

Insiders Place Their Bets

In related news, insider Georgina Fogo sold 22,076 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total transaction of $682,810.68. Following the sale, the insider now owns 101,623 shares of the company’s stock, valued at $3,143,199.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the firm’s stock in a transaction dated 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 approximately $114,074.45. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Georgina Fogo sold 22,076 shares of the company’s stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $682,810.68. Following the completion of the transaction, the insider now owns 101,623 shares in the company, valued at approximately $3,143,199.39. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 70,133 shares of company stock worth $2,172,459. 19.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds have recently added to or reduced their stakes in JHG. Raymond James Financial Services Advisors Inc. bought a new position in shares of Janus Henderson Group during the first quarter valued at $218,000. US Bancorp DE raised its holdings in shares of Janus Henderson Group by 5.7% during the first quarter. US Bancorp DE now owns 10,109 shares of the company’s stock valued at $354,000 after purchasing an additional 542 shares during the last quarter. Cambridge Investment Research Advisors Inc. lifted its position in Janus Henderson Group by 100.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,194 shares of the company’s stock valued at $392,000 after purchasing an additional 5,599 shares during the period. PNC Financial Services Group Inc. boosted its holdings in Janus Henderson Group by 10.6% in the first quarter. PNC Financial Services Group Inc. now owns 6,107 shares of the company’s stock worth $215,000 after purchasing an additional 585 shares during the last quarter. Finally, Panagora Asset Management Inc. grew its position in Janus Henderson Group by 7.4% in the 1st quarter. Panagora Asset Management Inc. now owns 6,695 shares of the company’s stock worth $234,000 after purchasing an additional 459 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $30.68 on Monday. The stock’s 50-day moving average is $31.63 and its 200 day moving average is $28.63. The stock has a market cap of $4.95 billion, a price-to-earnings ratio of 12.95, a P/E/G ratio of 1.51 and a beta of 1.53. Janus Henderson Group has a 1-year low of $22.17 and a 1-year high of $33.25. The company has a current ratio of 3.89, a quick ratio of 2.76 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, February 1st. The company reported $0.82 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $520.26 million. During the same period last year, the firm posted $0.61 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Janus Henderson Group will post 2.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were paid a $0.39 dividend. The ex-dividend date was Friday, February 9th. This represents a $1.56 annualized dividend and a yield of 5.08%. Janus Henderson Group’s payout ratio is 65.82%.

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.