BMO Capital Markets Initiates Coverage on Janus Henderson Group (NYSE:JHG)

Key Points

• BMO Capital Markets has initiated coverage on Janus Henderson Group (NYSE:JHG) with an outperform rating and a price target of $52.00, suggesting a potential upside of 15.68% from the current price.
• Janus Henderson Group recently reported earnings of $0.90 EPS for the quarter, exceeding analysts' expectations, and indicated a year-over-year revenue increase of 7.6%.
• Currently, the consensus rating for Janus Henderson Group is "Moderate Buy," with a consensus target price of $46.20.

Equities researchers at BMO Capital Markets began coverage on shares of Janus Henderson Group (NYSE:JHG - Get Free Report) in a research note issued on Friday,Benzinga reports. The firm set an "outperform" rating and a $52.00 price target on the stock. BMO Capital Markets' price objective would indicate a potential upside of 15.68% from the stock's current price.

Other analysts have also recently issued reports about the stock. Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Wells Fargo & Company boosted their price target 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. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. Bank of America upped their target price on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday. Finally, JPMorgan Chase & Co. boosted their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Six research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $46.20.

Janus Henderson Group Trading Up 1.9%

JHG stock opened at $44.95 on Friday. The company has a market capitalization of $7.01 billion, a PE ratio of 16.90, a P/E/G ratio of 1.06 and a beta of 1.54. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $46.68. The firm's 50-day moving average is $43.96 and its 200 day moving average is $39.04. 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 posted its earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The business had revenue of $633.20 million for the quarter, compared to the consensus estimate of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.85 EPS. On average, research analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current year.

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the sale, the insider directly owned 58,057 shares of the company's stock, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction 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 sale, the chief financial officer directly owned 113,097 shares of the company's stock, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% of the stock is currently owned by corporate insiders.

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 business. Wealth Enhancement Advisory Services LLC raised its stake in shares of Janus Henderson Group by 239.9% during 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 last quarter. GAMMA Investing LLC lifted its holdings in Janus Henderson Group by 4,188.8% in the 1st quarter. GAMMA Investing LLC now owns 144,962 shares of the company's stock valued at $5,240,000 after purchasing an additional 141,582 shares in the last quarter. Rhumbline Advisers boosted its stake in shares of Janus Henderson Group by 0.7% during the 1st quarter. Rhumbline Advisers now owns 347,826 shares of the company's stock worth $12,574,000 after purchasing an additional 2,516 shares during the last quarter. Merit Financial Group LLC grew its holdings in shares of Janus Henderson Group by 22.2% during the first quarter. Merit Financial Group LLC now owns 11,875 shares of the company's stock worth $429,000 after buying an additional 2,157 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of Janus Henderson Group by 48.9% in the first 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 during the last quarter. Institutional investors and hedge funds 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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