JPMorgan Chase & Co. Raises Janus Henderson Group (NYSE:JHG) Price Target to $35.00

Janus Henderson Group (NYSE:JHG) had its price objective lifted by JPMorgan Chase & Co. from $31.00 to $35.00 in a note issued to investors on Tuesday, Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 10.69% from the stock’s previous close.

Other analysts have also issued reports about the company. TD Cowen began coverage on Janus Henderson Group in a research report on Thursday, January 4th. They issued a “market perform” rating and a $30.00 target price for the company. Morgan Stanley boosted their price objective on Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. The Goldman Sachs Group increased their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research note on Tuesday, April 2nd. UBS Group increased their price objective on Janus Henderson Group from $28.00 to $30.00 and gave the stock a “sell” rating in a research note on Friday, April 12th. Finally, StockNews.com raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, Janus Henderson Group has a consensus rating of “Hold” and a consensus target price of $28.83.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $31.62 on Tuesday. Janus Henderson Group has a one year low of $22.17 and a one year high of $33.25. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 13.34, a PEG ratio of 1.51 and a beta of 1.53. The business has a 50-day simple moving average of $31.70 and a 200 day simple moving average of $28.82. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, February 1st. The company reported $0.82 EPS for the quarter, beating analysts’ consensus estimates of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The business had revenue of $568.50 million during the quarter, compared to analyst estimates of $520.26 million. During the same period in the previous year, the company posted $0.61 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, research analysts anticipate that Janus Henderson Group will post 2.8 earnings per share for the current fiscal year.

Insider Activity at Janus Henderson Group

In related news, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was 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 of the company’s stock, valued at $114,074.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Roger Mj Thompson sold 2,806 shares of the stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $31.07, for a total transaction of $87,182.42. Following the completion of the sale, the chief financial officer now directly owns 145,304 shares of the company’s stock, valued at $4,514,595.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, 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 valued at $2,172,459. 20.00% of the stock is owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several institutional investors and hedge funds have recently bought and sold shares of the company. Silchester International Investors LLP boosted its holdings in shares of Janus Henderson Group by 6.5% in the fourth quarter. Silchester International Investors LLP now owns 14,888,669 shares of the company’s stock worth $448,893,000 after acquiring an additional 914,200 shares during the period. Norges Bank bought a new position in shares of Janus Henderson Group in the fourth quarter worth $20,791,000. Brandywine Global Investment Management LLC bought a new position in shares of Janus Henderson Group in the third quarter worth $12,460,000. Dimensional Fund Advisors LP boosted its holdings in shares of Janus Henderson Group by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,444,113 shares of the company’s stock worth $224,442,000 after acquiring an additional 419,392 shares during the period. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Janus Henderson Group by 113.1% in the third quarter. Qube Research & Technologies Ltd now owns 433,739 shares of the company’s stock worth $11,199,000 after acquiring an additional 230,167 shares during the period. 87.94% of the stock is owned by institutional investors.

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.