Janus Henderson Group (NYSE:JHG) Price Target Raised to $33.00 at Morgan Stanley

Janus Henderson Group (NYSE:JHG - Get Free Report) had its target price boosted by research analysts at Morgan Stanley from $32.00 to $33.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Morgan Stanley's target price indicates a potential downside of 6.34% from the company's current price.

Several other analysts also recently weighed in on the company. JPMorgan Chase & Co. upgraded Janus Henderson Group from a "neutral" rating to an "overweight" rating and increased their target price for the company from $44.00 to $53.00 in a research note on Wednesday, February 5th. Wells Fargo & Company cut their target price on shares of Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI upped their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research report on Friday. The Goldman Sachs Group reduced their target price on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Finally, UBS Group upgraded Janus Henderson Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $45.00 to $50.00 in a research note on Monday, February 24th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Janus Henderson Group has a consensus rating of "Hold" and an average target price of $42.78.

Janus Henderson Group Stock Up 0.1 %

Shares of JHG traded up $0.02 during trading hours on Tuesday, hitting $35.23. 182,269 shares of the company were exchanged, compared to its average volume of 1,104,254. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The company has a market cap of $5.55 billion, a PE ratio of 13.77, a PEG ratio of 0.66 and a beta of 1.46. The firm's 50 day moving average is $34.89 and its 200-day moving average is $40.33. Janus Henderson Group has a 52 week low of $28.26 and a 52 week high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The firm had revenue of $621.40 million during the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The company's revenue was up 12.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. On average, equities research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds have recently added to or reduced their stakes in the stock. Y Intercept Hong Kong Ltd raised its position in shares of Janus Henderson Group by 46.4% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 43,196 shares of the company's stock valued at $1,562,000 after acquiring an additional 13,695 shares during the period. Lindbrook Capital LLC boosted its position in shares of Janus Henderson Group by 2,175.0% during the first quarter. Lindbrook Capital LLC now owns 5,278 shares of the company's stock worth $191,000 after purchasing an additional 5,046 shares in the last quarter. IFP Advisors Inc grew its holdings in shares of Janus Henderson Group by 6,174.5% in the 1st quarter. IFP Advisors Inc now owns 9,349 shares of the company's stock valued at $338,000 after buying an additional 9,200 shares during the period. Impact Partnership Wealth LLC bought a new stake in shares of Janus Henderson Group in the first quarter worth about $404,000. Finally, Foundry Partners LLC lifted its holdings in shares of Janus Henderson Group by 2.4% during the 1st quarter. Foundry Partners LLC now owns 18,190 shares of the company's stock valued at $658,000 after purchasing an additional 425 shares in the last quarter. 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.

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