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

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

A number of other research firms also recently issued reports on JHG. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, September 8th. Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Bank of America lifted their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Janus Henderson Group in a report on Wednesday, October 8th. Finally, Evercore ISI lifted their price objective on shares of Janus Henderson Group from $45.00 to $48.00 and gave the stock an “in-line” rating in a report on Friday, September 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.00.

Janus Henderson Group Stock Performance

Shares of JHG opened at $41.82 on Friday. Janus Henderson Group has a 12-month low of $28.26 and a 12-month high of $46.68. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08. The company has a market cap of $6.52 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.92 and a beta of 1.54. The stock has a 50-day moving average price of $44.15 and a 200-day moving average price of $39.36.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. Janus Henderson Group’s revenue was up 7.6% on a year-over-year basis. As a group, equities analysts forecast that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the sale, the chief financial officer owned 113,097 shares in the company, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Georgina Fogo sold 69,000 shares of the business’s stock in a transaction that occurred on 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 owned 58,057 shares of the company’s stock, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The disclosure for this sale can be found here. Insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHG. Norges Bank bought a new position in shares of Janus Henderson Group during the second quarter valued at $86,180,000. AQR Capital Management LLC raised its stake in shares of Janus Henderson Group by 92.1% in the second quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after buying an additional 1,773,964 shares during the period. Nuveen LLC bought a new stake in Janus Henderson Group during the 1st quarter valued at approximately $21,890,000. Hsbc Holdings PLC raised its stake in Janus Henderson Group by 821.8% during the 1st quarter. Hsbc Holdings PLC now owns 463,104 shares of the company’s stock valued at $16,519,000 after purchasing an additional 412,865 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Janus Henderson Group by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company’s stock valued at $178,800,000 after buying an additional 352,617 shares in 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.