Janus Henderson Group (NYSE:JHG) Stock Rating Lowered by Wall Street Zen

Key Points

• Janus Henderson Group has been downgraded from a "buy" rating to a "hold" rating by Wall Street Zen, reflecting changing analyst sentiment towards the stock.
• The company recently reported earnings of $0.90 per share for the last quarter, exceeding expectations, alongside a revenue increase of 7.6% year-over-year.
• Overall, Janus Henderson Group currently holds a consensus rating of "Moderate Buy" based on mixed feedback from ten investment analysts, with a target price averaging $43.33.

Wall Street Zen cut shares of Janus Henderson Group (NYSE:JHG - Free Report) from a buy rating to a hold rating in a report published on Saturday.

Several other equities research analysts have also recently issued reports on the stock. Morgan Stanley lifted their target price on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. upped their price objective on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wells Fargo & Company raised 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 report on Friday, July 11th. Evercore ISI lifted their target price on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Finally, Cowen reissued a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock traded down $0.70 on Friday, reaching $43.60. The company's stock had a trading volume of 394,288 shares, compared to its average volume of 1,265,436. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $46.68. The company has a market capitalization of $6.80 billion, a P/E ratio of 16.39, a PEG ratio of 1.07 and a beta of 1.51. 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 stock has a 50-day moving average price of $42.18 and a 200-day moving average price of $38.36.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $633.20 million during the quarter, compared to analysts' expectations of $614.46 million. During the same period in the prior year, the business posted $0.85 earnings per share. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group's dividend payout ratio is presently 60.15%.

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction that occurred 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 owned 58,057 shares of the company's stock, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 19.60% of the company's stock.

Hedge Funds Weigh In On Janus Henderson Group

Hedge funds have recently added to or reduced their stakes in the stock. Brooklyn Investment Group lifted its holdings in shares of Janus Henderson Group by 182.2% in the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company's stock valued at $33,000 after purchasing an additional 594 shares during the last quarter. Traub Capital Management LLC purchased a new position in shares of Janus Henderson Group during the second quarter worth approximately $37,000. UMB Bank n.a. increased its holdings in shares of Janus Henderson Group by 48.9% in the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after acquiring an additional 385 shares during the period. Allworth Financial LP raised its position in Janus Henderson Group by 87.9% in the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after purchasing an additional 684 shares during the last quarter. Finally, Fifth Third Bancorp boosted its stake in Janus Henderson Group by 40.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,167 shares of the company's stock worth $84,000 after purchasing an additional 621 shares during the period. 87.94% of the stock is currently 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.