Janus Henderson Group (NYSE:JHG) Sets New 1-Year High Following Analyst Upgrade

Janus Henderson Group plc (NYSE:JHG)’s stock price reached a new 52-week high during mid-day trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $35.00 to $36.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Janus Henderson Group traded as high as $33.31 and last traded at $32.80, with a volume of 435339 shares traded. The stock had previously closed at $32.55.

Other research analysts also recently issued research reports about the company. TD Cowen initiated coverage on Janus Henderson Group in a research note on Thursday, January 4th. They issued a “market perform” rating and a $30.00 target price for the company. The Goldman Sachs Group upped 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. UBS Group raised their price target on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a report on Friday, April 12th. StockNews.com upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, Morgan Stanley boosted their target price on Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $28.93.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 30,656 shares of the firm’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total transaction of $948,190.08. Following the transaction, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO Roger Mj Thompson sold 30,656 shares of Janus Henderson Group 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 transaction, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $58,473.24. Following the sale, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The disclosure for this sale can be found here. Insiders sold 73,451 shares of company stock valued at $2,275,283 over the last three months. Insiders own 20.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Hexagon Capital Partners LLC increased its stake in shares of Janus Henderson Group by 72.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock valued at $36,000 after buying an additional 509 shares during the period. EverSource Wealth Advisors LLC raised its stake in Janus Henderson Group by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock worth $39,000 after buying an additional 369 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Janus Henderson Group in the third quarter worth about $39,000. Headlands Technologies LLC bought a new stake in Janus Henderson Group during the 4th quarter valued at approximately $52,000. Finally, Assetmark Inc. grew its holdings in shares of Janus Henderson Group by 14.8% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $114,000 after acquiring an additional 567 shares during the period. Institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Price Performance

The stock has a market cap of $5.30 billion, a P/E ratio of 12.46, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92. The firm has a 50-day moving average price of $31.87 and a 200-day moving average price of $29.36.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $551.70 million during the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.55 earnings per share. On average, analysts forecast that Janus Henderson Group plc will post 2.85 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Shareholders of record on Monday, May 13th will be paid a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.72%. The ex-dividend date is Friday, May 10th. Janus Henderson Group’s dividend payout ratio is 58.87%.

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.