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

Key Points

• Zacks downgraded Janus Henderson from "strong-buy" to "hold," and MarketBeat shows an average analyst rating of Hold with an average price target of $48.29.
• Janus Henderson reported a strong quarter, beating estimates with $2.01 EPS (vs. $1.19 expected) and $996.6M revenue (+61.3% YoY), while analysts expect about 3.75 EPS for the fiscal year.
• Insiders have been selling recently — CEO Ali Dibadj sold 127,632 shares at an average $49.12, with insiders offloading 146,229 shares (~$7.24M) in the last 90 days, though insiders still own about 20.4% of the stock.

Janus Henderson Group (NYSE:JHG - Get Free Report) was downgraded by research analysts at Zacks Research from a "strong-buy" rating to a "hold" rating in a note issued to investors on Monday,Zacks.com reports.

A number of other brokerages have also recently commented on JHG. TD Cowen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating and set a $49.00 target price on the stock. in a report on Tuesday, December 23rd. Morgan Stanley boosted their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an "equal weight" rating in a report on Wednesday, December 17th. Bank of America restated a "neutral" rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Evercore dropped their target price on shares of Janus Henderson Group from $50.00 to $49.00 and set an "in-line" rating on the stock in a report on Monday, December 22nd. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Janus Henderson Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat, Janus Henderson Group presently has an average rating of "Hold" and an average price target of $48.29.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $51.46 on Monday. Janus Henderson Group has a 12 month low of $28.68 and a 12 month high of $53.76. The stock has a market cap of $7.93 billion, a PE ratio of 9.78, a price-to-earnings-growth ratio of 1.47 and a beta of 1.50. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. The company's fifty day moving average price is $50.24 and its 200-day moving average price is $46.87.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm had revenue of $996.60 million for the quarter, compared to analysts' expectations of $763.09 million. During the same quarter in the previous year, the business posted $1.07 EPS. The company's quarterly revenue was up 61.3% on a year-over-year basis. On average, equities analysts expect that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Insiders Place Their Bets

In other Janus Henderson Group news, CEO Ali Dibadj sold 127,632 shares of the business's stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the transaction, the chief executive officer owned 449,078 shares of the company's stock, valued at approximately $22,058,711.36. The trade was a 22.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the business's stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the transaction, the insider directly owned 12,204 shares of the company's stock, valued at approximately $625,332.96. This trade represents a 11.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 146,229 shares of company stock valued at $7,239,650. 20.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds have recently bought and sold shares of the business. Rockefeller Capital Management L.P. raised its position in Janus Henderson Group by 29.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company's stock worth $44,000 after buying an additional 215 shares during the last quarter. Cibc World Market Inc. increased its position in shares of Janus Henderson Group by 2.9% during the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company's stock valued at $375,000 after purchasing an additional 234 shares during the last quarter. Addison Advisors LLC increased its position in shares of Janus Henderson Group by 42.3% during the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company's stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Inscription Capital LLC increased its position in shares of Janus Henderson Group by 2.0% during the 4th quarter. Inscription Capital LLC now owns 13,938 shares of the company's stock valued at $663,000 after purchasing an additional 279 shares during the last quarter. Finally, Integrated Advisors Network LLC increased its position in shares of Janus Henderson Group by 4.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company's stock valued at $308,000 after purchasing an additional 308 shares during 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 a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.

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