Bank of America Upgrades Janus Henderson Group (NYSE:JHG) to “Buy”

Bank of America upgraded shares of Janus Henderson Group (NYSE:JHG) from a neutral rating to a buy rating in a research note released on Thursday, Marketbeat Ratings reports. The brokerage currently has $43.00 price target on the stock, down from their previous price target of $57.00.

A number of other equities analysts have also issued reports on JHG. Morgan Stanley boosted their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. The Goldman Sachs Group raised Janus Henderson Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $45.00 in a report on Monday, January 6th. Wells Fargo & Company raised their price target on Janus Henderson Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $44.00 to $53.00 in a research note on Wednesday, February 5th. Finally, StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $46.44.

Janus Henderson Group Stock Down 7.9 %

NYSE:JHG opened at $30.18 on Thursday. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.79, a PEG ratio of 0.66 and a beta of 1.43. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08. The business’s fifty day moving average price is $40.32 and its 200 day moving average price is $41.44. Janus Henderson Group has a 1-year low of $29.63 and a 1-year high of $46.68.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period last year, the firm posted $0.82 earnings per share. On average, sell-side analysts forecast that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.17%. The ex-dividend date of this dividend was Tuesday, February 11th. Janus Henderson Group’s payout ratio is 60.94%.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds have recently modified their holdings of JHG. Versant Capital Management Inc raised its stake in Janus Henderson Group by 120.2% in the 1st quarter. Versant Capital Management Inc now owns 3,255 shares of the company’s stock valued at $118,000 after acquiring an additional 1,777 shares during the period. Wellington Management Group LLP raised its position in shares of Janus Henderson Group by 55.0% in the fourth quarter. Wellington Management Group LLP now owns 115,387 shares of the company’s stock valued at $4,907,000 after purchasing an additional 40,951 shares during the period. 111 Capital purchased a new stake in shares of Janus Henderson Group during the 4th quarter valued at approximately $317,000. Wealth Enhancement Advisory Services LLC boosted its holdings in Janus Henderson Group by 239.9% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,261 shares of the company’s stock worth $904,000 after buying an additional 15,006 shares during the period. Finally, Mackenzie Financial Corp grew its stake in Janus Henderson Group by 106.2% in the 4th quarter. Mackenzie Financial Corp now owns 49,716 shares of the company’s stock valued at $2,114,000 after buying an additional 25,605 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

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.