Bank of America Issues Positive Forecast for Janus Henderson Group (NYSE:JHG) Stock Price

Key Points

• Bank of America has raised its target price for Janus Henderson Group stock from $49.00 to $50.00, providing a potential upside of 11.57% from its current price.
• Several other brokerages have also adjusted their price targets, with most analysts currently holding a "Hold" rating for the stock and an average price target of $45.56.
• Janus Henderson Group reported earnings of $0.90 per share, surpassing analyst expectations, alongside a revenue of $633.20 million, reflecting a year-over-year increase of 7.6%.

Janus Henderson Group (NYSE:JHG - Get Free Report) had its target price lifted by equities researchers at Bank of America from $49.00 to $50.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the stock. Bank of America's price objective suggests a potential upside of 11.57% from the stock's current price.

A number of other brokerages also recently weighed in on JHG. Morgan Stanley increased their price target on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Zacks Research downgraded Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Evercore ISI increased 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 research report on Friday, September 5th. Finally, Wells Fargo & Company increased 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 research report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $45.56.

Janus Henderson Group Trading Up 1.6%

NYSE JHG traded up $0.71 on Thursday, reaching $44.82. The company had a trading volume of 491,958 shares, compared to its average volume of 1,236,551. The firm has a market cap of $6.99 billion, a price-to-earnings ratio of 16.86, a P/E/G ratio of 1.07 and a beta of 1.54. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The business has a 50 day moving average of $43.93 and a two-hundred day moving average of $38.99. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates 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 firm had revenue of $633.20 million during the quarter, compared to the consensus estimate of $614.46 million. During the same period last year, the business posted $0.85 EPS. The business's revenue was up 7.6% compared to the same quarter last year. Analysts forecast that Janus Henderson Group will post 3.75 EPS for the current year.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the transaction, the insider owned 58,057 shares of the company's stock, valued at $2,500,514.99. This trade represents a 54.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Roger Mj Thompson sold 27,491 shares of Janus Henderson Group stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the transaction, the chief financial officer directly owned 113,097 shares in the company, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their position. The disclosure for this sale can be found here. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several large investors have recently modified their holdings of JHG. Brooklyn Investment Group increased its stake in shares of Janus Henderson Group by 182.2% during the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after purchasing an additional 594 shares during the last quarter. Traub Capital Management LLC purchased a new stake in shares of Janus Henderson Group during the 2nd quarter worth approximately $37,000. UMB Bank n.a. grew its stake in Janus Henderson Group by 48.9% in the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after buying an additional 385 shares in the last quarter. Allworth Financial LP grew its stake in Janus Henderson Group by 87.9% in the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after buying an additional 684 shares in the last quarter. Finally, Farther Finance Advisors LLC grew its stake in Janus Henderson Group by 82.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after buying an additional 1,038 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

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.

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