Janus Henderson Group (NYSE:JHG) Raised to "Buy" at Wall Street Zen

Key Points

• Janus Henderson Group has been upgraded from a "hold" to a "buy" rating by Wall Street Zen, indicating increased investor confidence.
• Multiple analysts have issued bullish ratings and increased their price targets for JHG, with Bank of America raising its target from $49.00 to $50.00.
• The company reported a 7.6% year-over-year revenue growth in its last quarterly earnings, exceeding analyst estimates.

Janus Henderson Group (NYSE:JHG - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also commented on the stock. BMO Capital Markets assumed coverage on shares of Janus Henderson Group in a research note on Friday, October 3rd. They set an "outperform" rating and a $52.00 price objective for the company. Wells Fargo & Company boosted their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Weiss Ratings reissued a "buy (b-)" rating on shares of Janus Henderson Group in a research report on Wednesday. Morgan Stanley reissued a "positive" rating on shares of Janus Henderson Group in a research report on Monday. Finally, Bank of America boosted their target price on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Janus Henderson Group presently has an average rating of "Moderate Buy" and an average price target of $47.00.

Janus Henderson Group Trading Down 4.8%

NYSE JHG opened at $41.82 on Friday. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The firm has a market cap of $6.52 billion, a PE ratio of 15.72, a price-to-earnings-growth ratio of 0.97 and a beta of 1.54. The company has a 50 day moving average price of $44.15 and a 200 day moving average price of $39.33. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. Janus Henderson Group's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.85 EPS. As a group, sell-side analysts forecast that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Insider Buying and Selling at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the company's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the sale, the insider directly owned 58,057 shares of the company's stock, valued at $2,500,514.99. This represents a 54.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roger Mj Thompson sold 27,491 shares of the company's stock in a transaction on 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 completion of the sale, the chief financial officer directly owned 113,097 shares in the company, valued at $5,118,770.22. This trade represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% of the stock is owned by corporate insiders.

Institutional Trading of Janus Henderson Group

Large investors have recently made changes to their positions in the business. UMB Bank n.a. boosted its holdings in Janus Henderson Group by 48.9% during the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock worth $42,000 after buying an additional 385 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Janus Henderson Group by 82.3% during the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock worth $83,000 after buying an additional 1,038 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Janus Henderson Group by 18.6% during the first quarter. GAMMA Investing LLC now owns 4,010 shares of the company's stock worth $145,000 after buying an additional 630 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in Janus Henderson Group by 23.7% during the first quarter. Assenagon Asset Management S.A. now owns 63,334 shares of the company's stock worth $2,290,000 after buying an additional 12,119 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its holdings in Janus Henderson Group by 1.9% during the first quarter. QRG Capital Management Inc. now owns 34,160 shares of the company's stock worth $1,235,000 after buying an additional 636 shares in the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.

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