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

Janus Henderson Group (NYSE:JHG - Get Free Report) had its price objective lifted by analysts at Morgan Stanley from $32.00 to $33.00 in a note issued to investors on Tuesday,Benzinga reports. The firm currently has an "equal weight" rating on the stock. Morgan Stanley's price objective points to a potential downside of 9.22% from the company's current price.

A number of other equities analysts have also recently weighed in on the company. Wells Fargo & Company lowered their price target on Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. StockNews.com downgraded shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. The Goldman Sachs Group lowered their price target on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Bank of America upgraded Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their price objective for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Finally, JPMorgan Chase & Co. upgraded Janus Henderson Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $44.00 to $53.00 in a report on Wednesday, February 5th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $42.78.

Janus Henderson Group Price Performance

Shares of NYSE JHG traded down $0.11 during trading on Tuesday, hitting $36.35. The company had a trading volume of 961,370 shares, compared to its average volume of 1,117,348. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The stock has a fifty day simple moving average of $34.48 and a two-hundred day simple moving average of $40.21. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 14.20, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46.

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 the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. The company had revenue of $621.40 million for the quarter, compared to analysts' expectations of $623.56 million. During the same quarter in the previous year, the company posted $0.71 EPS. The firm's quarterly revenue was up 12.6% on a year-over-year basis. On average, research analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current year.

Institutional Trading of Janus Henderson Group

A number of hedge funds and other institutional investors have recently bought and sold shares of JHG. Vanguard Group Inc. raised its position in shares of Janus Henderson Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock worth $514,311,000 after acquiring an additional 78,321 shares in the last quarter. Millennium Management LLC lifted its position in shares of Janus Henderson Group by 23.9% during the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after buying an additional 1,399,781 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Janus Henderson Group by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock valued at $178,800,000 after buying an additional 352,617 shares in the last quarter. Northern Trust Corp grew its position in shares of Janus Henderson Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 2,320,796 shares of the company's stock valued at $98,703,000 after buying an additional 180,726 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in Janus Henderson Group by 28.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company's stock worth $79,248,000 after acquiring an additional 467,049 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Company Profile

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.