Janus Henderson Group (NYSE:JHG) Upgraded to "Strong-Buy" at Zacks Research

Key Points

• Janus Henderson Group has been upgraded to a "Strong-Buy" by Zacks Research, indicating a positive outlook for the company's stock performance.
• Other analysts have also reissued ratings, with Bank of America increasing its price target from $49 to $50, and a consensus price target of $47 set by analysts.
• Insider activity includes significant share sales by executives, with one insider selling 69,000 shares, indicating a potential caution despite the stock upgrades.

Janus Henderson Group (NYSE:JHG - Get Free Report) was upgraded by research analysts at Zacks Research from a "hold" rating to a "strong-buy" rating in a report released on Monday,Zacks.com reports.

Several other research analysts also recently issued reports on JHG. Weiss Ratings reissued a "buy (b-)" rating on shares of Janus Henderson Group in a report on Wednesday, October 8th. Bank of America boosted their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a report on Friday, September 5th. BMO Capital Markets started coverage on shares of Janus Henderson Group in a report on Friday, October 3rd. They set an "outperform" rating and a $52.00 price objective for the company. Finally, Wall Street Zen raised shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a report on Saturday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $47.00.

Janus Henderson Group Trading Up 1.4%

Shares of JHG opened at $43.82 on Monday. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08. The firm's 50-day moving average price is $44.16 and its 200-day moving average price is $39.44. The firm has a market capitalization of $6.84 billion, a price-to-earnings ratio of 16.47, a PEG ratio of 0.94 and a beta of 1.54.

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. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Janus Henderson Group's quarterly revenue was up 7.6% on a year-over-year basis. Sell-side analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current year.

Insider Buying and Selling at Janus Henderson Group

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the transaction, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Roger Mj Thompson sold 27,491 shares of the firm's stock in a transaction dated Thursday, September 11th. The stock was 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 owned 113,097 shares of the company's stock, valued at $5,118,770.22. This trade represents a 19.55% decrease in their position. The disclosure for this sale can be found here. 20.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Juncture Wealth Strategies LLC purchased a new position in Janus Henderson Group during the 3rd quarter valued at about $200,000. Brighton Jones LLC lifted its stake in Janus Henderson Group by 53.4% during the 3rd quarter. Brighton Jones LLC now owns 27,053 shares of the company's stock valued at $1,204,000 after acquiring an additional 9,423 shares during the period. Flputnam Investment Management Co. lifted its stake in Janus Henderson Group by 2.4% during the 3rd quarter. Flputnam Investment Management Co. now owns 40,892 shares of the company's stock valued at $1,820,000 after acquiring an additional 956 shares during the period. Country Club Bank purchased a new stake in Janus Henderson Group in the 3rd quarter worth $227,000. Finally, Aaron Wealth Advisors LLC increased its holdings in Janus Henderson Group by 118.8% in the 3rd quarter. Aaron Wealth Advisors LLC now owns 11,841 shares of the company's stock worth $527,000 after acquiring an additional 6,429 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

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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