Janus Henderson Group (NYSE:JHG) Given "Buy (B-)" Rating at Weiss Ratings

Key Points

• Janus Henderson Group has received a "Buy (B-)" rating from Weiss Ratings, alongside a "positive" rating from Morgan Stanley and an updated price target of $50 from Bank of America.
• The firm reported $0.90 earnings per share for the last quarter, surpassing expectations and showing a year-over-year revenue increase of 7.6%.
• Insider transactions revealed that CFO Roger Mj Thompson sold shares totaling over $1.24 million, reducing his ownership by nearly 20%.

Janus Henderson Group (NYSE:JHG - Get Free Report)'s stock had its "buy (b-)" rating reiterated by equities research analysts at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Other equities research analysts have also issued research reports about the stock. Morgan Stanley reiterated a "positive" rating on shares of Janus Henderson Group in a research note on Monday. Bank of America increased their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Evercore ISI upped their target price 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. BMO Capital Markets initiated coverage on shares of Janus Henderson Group in a research report on Friday, October 3rd. They issued an "outperform" rating and a $52.00 target price for the company. Finally, Zacks Research cut shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $47.00.

Janus Henderson Group Price Performance

JHG opened at $45.10 on Wednesday. The firm has a market cap of $7.03 billion, a price-to-earnings ratio of 16.95, a price-to-earnings-growth ratio of 1.01 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 company's 50-day moving average price is $44.15 and its 200 day moving average price is $39.26. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08.

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

Insider Activity at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the transaction, the chief financial officer directly owned 113,097 shares in the company, valued at $5,118,770.22. This trade represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Georgina Fogo sold 69,000 shares of the 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 completion of 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 19.60% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of Janus Henderson Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock valued at $514,311,000 after acquiring an additional 78,321 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Janus Henderson Group by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company's stock worth $198,162,000 after buying an additional 155,947 shares in the last quarter. State Street Corp boosted its holdings in Janus Henderson Group by 0.6% during the second quarter. State Street Corp now owns 4,578,071 shares of the company's stock worth $177,812,000 after buying an additional 28,114 shares in the last quarter. AQR Capital Management LLC boosted its holdings in Janus Henderson Group by 92.1% during 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 in the last quarter. Finally, Norges Bank bought a new stake in Janus Henderson Group during the second quarter worth approximately $86,180,000. 87.94% of the stock is currently owned by institutional investors.

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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