Janus Henderson Group (NYSE:JHG) Given New $44.00 Price Target at Morgan Stanley

Key Points

• Janus Henderson Group's price target was raised from $39.00 to $44.00 by Morgan Stanley, indicating a potential downside of 3.05% from its current price.
• Analysts have differing views on the stock, with Morgan Stanley assigning an "equal weight" rating, while BMO Capital Markets issued an "outperform" rating with a target price of $52.00.
• Insider sales were observed, with CFO Roger Mj Thompson selling around 27,491 shares at $45.26, leading to a 19.55% decrease in their ownership stake.

Janus Henderson Group (NYSE:JHG - Get Free Report) had its price target raised by investment analysts at Morgan Stanley from $39.00 to $44.00 in a research note issued on Monday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective would indicate a potential downside of 3.05% from the company's current price.

Other equities analysts have also recently issued research reports about the stock. Weiss Ratings reissued a "buy (b-)" rating on shares of Janus Henderson Group in a research report on Saturday, September 27th. Zacks Research lowered Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a report on Monday, September 8th. BMO Capital Markets started coverage on Janus Henderson Group in a report on Friday. They issued an "outperform" rating and a $52.00 target price on the stock. Bank of America raised their price objective on Janus Henderson Group from $49.00 to $50.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Wells Fargo & Company raised their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $47.00.

Janus Henderson Group Trading Down 0.5%

Shares of NYSE JHG traded down $0.24 during trading on Monday, reaching $45.39. The company had a trading volume of 45,435 shares, compared to its average volume of 1,232,434. The company's fifty day moving average price is $44.01 and its 200-day moving average price is $39.12. 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 has a 12 month low of $28.26 and a 12 month high of $46.68. The stock has a market cap of $7.08 billion, a P/E ratio of 17.00, a PEG ratio of 1.02 and a beta of 1.54.

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

Insiders Place Their Bets

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 27,491 shares of the company's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the sale, the chief financial officer directly owned 113,097 shares of the company's stock, valued at $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Georgina Fogo sold 69,000 shares of the company's 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 sale, the insider owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Janus Henderson Group

Institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted 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 worth $514,311,000 after buying an additional 78,321 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company's stock worth $198,162,000 after purchasing an additional 155,947 shares in the last quarter. State Street Corp raised its position in shares of Janus Henderson Group by 0.6% in 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 raised its position in shares of Janus Henderson Group by 92.1% in 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 purchased a new stake in shares of Janus Henderson Group in the second quarter worth $86,180,000. 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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