Wall Street Zen Upgrades Janus Henderson Group (NYSE:JHG) to Buy

Janus Henderson Group (NYSE:JHG) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

JHG has been the topic of a number of other research reports. Cowen reiterated a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Morgan Stanley boosted their target price on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 2nd. Evercore ISI boosted their target price on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an “in-line” rating in a research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Five analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.33.

Janus Henderson Group Trading Down 1.9%

JHG stock opened at $43.30 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $46.68. The stock has a market capitalization of $6.75 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 1.06 and a beta of 1.46. The firm’s fifty day simple moving average is $40.51 and its two-hundred day simple moving average is $38.45.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $633.20 million for the quarter, compared to analysts’ expectations of $614.46 million. During the same quarter in the previous year, the business posted $0.85 earnings per share. The business’s revenue was up 7.6% compared to the same quarter last year. As a group, analysts anticipate that Janus Henderson Group will post 3.75 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Georgina Fogo sold 69,000 shares of the company’s stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the completion of the sale, the insider directly owned 58,057 shares of the company’s stock, valued at $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 19.60% of the stock is currently owned by company insiders.

Institutional Trading of Janus Henderson Group

Hedge funds have recently added to or reduced their stakes in the business. AMG National Trust Bank lifted its position in shares of Janus Henderson Group by 0.9% during the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock valued at $1,039,000 after buying an additional 237 shares during the last quarter. J. W. Coons Advisors LLC lifted its position in shares of Janus Henderson Group by 2.5% during the second quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock valued at $414,000 after buying an additional 265 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Janus Henderson Group by 5.9% during the second quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock valued at $192,000 after buying an additional 274 shares during the last quarter. Louisiana State Employees Retirement System lifted its position in shares of Janus Henderson Group by 0.8% during the first quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company’s stock valued at $1,287,000 after buying an additional 300 shares during the last quarter. Finally, Arete Wealth Advisors LLC lifted its position in shares of Janus Henderson Group by 2.4% during the first quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company’s stock valued at $468,000 after buying an additional 309 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other 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.