JPMorgan Chase & Co. Issues Positive Forecast for Janus Henderson Group (NYSE:JHG) Stock Price

Janus Henderson Group (NYSE:JHG - Get Free Report) had its price objective raised by equities research analysts at JPMorgan Chase & Co. from $44.00 to $47.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target points to a potential upside of 12.63% from the stock's previous close.

A number of other research analysts also recently weighed in on the company. The Goldman Sachs Group cut their price objective on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI lifted their price target on Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Wells Fargo & Company lifted their price target on Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Wall Street Zen downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Finally, Morgan Stanley lifted their price target on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $43.33.

Janus Henderson Group Stock Performance

Shares of JHG stock traded up $0.71 during trading on Wednesday, reaching $41.73. The company had a trading volume of 1,149,430 shares, compared to its average volume of 1,157,386. The firm's 50 day simple moving average is $37.95 and its two-hundred day simple moving average is $38.40. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.38 and a quick ratio of 2.67. Janus Henderson Group has a one year low of $28.26 and a one year high of $46.68. The company has a market capitalization of $6.57 billion, a PE ratio of 16.56, a PEG ratio of 1.30 and a beta of 1.43.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The business had revenue of $621.40 million for the quarter, compared to the consensus estimate of $623.56 million. During the same period last year, the business earned $0.71 EPS. The firm's revenue was up 12.6% compared to the same quarter last year. Sell-side analysts forecast that Janus Henderson Group will post 3.75 earnings per share for the current year.

Institutional Trading of Janus Henderson Group

Several institutional investors have recently modified their holdings of JHG. Norges Bank acquired a new stake in Janus Henderson Group in the 4th quarter valued at $83,525,000. Castlekeep Investment Advisors LLC acquired a new stake in Janus Henderson Group in the 4th quarter valued at $74,989,000. Millennium Management LLC boosted its stake in Janus Henderson Group by 23.9% in the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock valued at $308,242,000 after buying an additional 1,399,781 shares in the last quarter. SG Americas Securities LLC boosted its stake in Janus Henderson Group by 4,233.1% in the 1st quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock valued at $30,163,000 after buying an additional 815,124 shares in the last quarter. Finally, Nuveen LLC acquired a new stake in Janus Henderson Group in the 1st quarter valued at $21,890,000. 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.