Morgan Stanley Issues Positive Forecast for Janus Henderson Group (NYSE:JHG) Stock Price

Janus Henderson Group (NYSE:JHG - Free Report) had its price objective hoisted by Morgan Stanley from $33.00 to $36.00 in a research report released on Wednesday morning,Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other brokerages have also commented on JHG. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Wells Fargo & Company lowered their price objective 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. The Goldman Sachs Group decreased their target price on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Bank of America upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their price target for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Finally, Evercore ISI lifted their price target 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, May 2nd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Janus Henderson Group presently has an average rating of "Hold" and a consensus price target of $43.11.

Janus Henderson Group Trading Up 1.7%

Janus Henderson Group stock traded up $0.68 during trading on Wednesday, hitting $40.14. The company's stock had a trading volume of 939,750 shares, compared to its average volume of 1,154,070. The stock's fifty day moving average is $36.47 and its 200 day moving average is $38.54. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68. The stock has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.67 and a current ratio of 4.38.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, beating the consensus estimate of $0.72 by $0.07. The company 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 12.13% and a net margin of 15.56%. The firm's revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 EPS. As a group, equities research analysts predict that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were given a $0.40 dividend. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 3.99%. Janus Henderson Group's dividend payout ratio (DPR) is 63.49%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in 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 purchasing an additional 78,321 shares during the last quarter. Millennium Management LLC raised its position in shares of 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 purchasing an additional 1,399,781 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Janus Henderson Group by 7.7% during 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 during the last quarter. Northern Trust Corp boosted its stake in shares of Janus Henderson Group by 8.4% during 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, Norges Bank acquired a new stake in shares of Janus Henderson Group during the fourth quarter worth approximately $83,525,000. 87.94% of the stock is 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.