Janus Henderson Group (NYSE:JHG) Downgraded by Zacks Research to Hold

Key Points

• Janus Henderson Group has been downgraded by Zacks Research from a "strong-buy" to a "hold" rating, reflecting a cautious outlook from analysts.
• The stock experienced a slight decline of 0.5% and currently has an average target price of $44.78, with various analysts providing differing ratings and target price adjustments.
• Recent earnings showed a 7.6% increase in revenue year-over-year, with the company reporting $0.90 earnings per share, which exceeded analysts' expectations.

Zacks Research lowered shares of Janus Henderson Group (NYSE:JHG - Free Report) from a strong-buy rating to a hold rating in a report issued on Monday morning,Zacks.com reports.

Several other analysts have also commented on the stock. Wells Fargo & Company increased their target price on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Evercore ISI increased their target price on shares of Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. increased their target price on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley increased their target price on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen lowered shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $44.78.

Janus Henderson Group Price Performance

Shares of NYSE:JHG traded down $0.44 during trading on Monday, reaching $44.93. The company had a trading volume of 750,871 shares, compared to its average volume of 1,031,729. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $46.68. The firm has a market capitalization of $7.01 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. The firm's fifty day moving average is $43.05 and its 200 day moving average is $38.49. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same period in the prior year, the business earned $0.85 earnings per share. The business's quarterly revenue was up 7.6% on a year-over-year basis. On average, equities analysts forecast that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group's payout ratio is 60.15%.

Insider Transactions at Janus Henderson Group

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction 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 sale, the insider directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mirae Asset Global Investments Co. Ltd. increased its stake in Janus Henderson Group by 12.4% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,653 shares of the company's stock valued at $3,729,000 after buying an additional 11,435 shares during the period. GAMMA Investing LLC increased its stake 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 buying an additional 141,582 shares during the period. Envestnet Asset Management Inc. increased its stake in Janus Henderson Group by 28.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 320,093 shares of the company's stock valued at $11,571,000 after buying an additional 71,553 shares during the period. Sierra Summit Advisors LLC acquired a new position in Janus Henderson Group in the 1st quarter valued at approximately $587,000. Finally, Jump Financial LLC acquired a new position in Janus Henderson Group in the 1st quarter valued at approximately $6,099,000. 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.