Janus Henderson Group (NYSE:JHG) Stock Price Expected to Rise, Morgan Stanley Analyst Says

Janus Henderson Group (NYSE:JHG) had its target price raised by Morgan Stanley from $32.00 to $33.00 in a report issued on Tuesday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other research firms also recently weighed in on JHG. Evercore ISI lifted their price target 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. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $45.00 to $50.00 in a research report on Monday, February 24th. The Goldman Sachs Group dropped their price target on Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. Bank of America upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and decreased their price objective for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Finally, StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $42.78.

Janus Henderson Group Price Performance

JHG opened at $36.52 on Tuesday. The business has a fifty day moving average of $34.54 and a 200 day moving average of $40.23. The stock has a market cap of $5.75 billion, a P/E ratio of 14.27, a PEG ratio of 0.66 and a beta of 1.46. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $46.68.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. The firm had revenue of $621.40 million for the quarter, compared to analysts’ expectations of $623.56 million. During the same period in the prior year, the business posted $0.71 earnings per share. The business’s revenue for the quarter was up 12.6% on a year-over-year basis. As a group, sell-side analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 12th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s payout ratio is presently 63.49%.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Barclays PLC grew its holdings in Janus Henderson Group by 84.0% in the third quarter. Barclays PLC now owns 96,217 shares of the company’s stock worth $3,663,000 after purchasing an additional 43,933 shares during the last quarter. World Investment Advisors LLC purchased a new position in Janus Henderson Group during the 3rd quarter worth $253,000. Franklin Resources Inc. increased its position in Janus Henderson Group by 11.7% during the 3rd quarter. Franklin Resources Inc. now owns 478,249 shares of the company’s stock valued at $19,106,000 after buying an additional 50,221 shares in the last quarter. Principal Financial Group Inc. raised its stake in Janus Henderson Group by 28.9% in the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock valued at $79,248,000 after buying an additional 467,049 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Janus Henderson Group by 8.3% in the third quarter. JPMorgan Chase & Co. now owns 578,890 shares of the company’s stock worth $22,038,000 after acquiring an additional 44,378 shares in the last quarter. Hedge funds and other 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.