Janus Henderson Group plc (NYSE:JHG) Given Average Recommendation of "Hold" by Brokerages

Key Points

• Analyst consensus: Nine brokers give Janus Henderson an average "Hold" rating with a 12‑month price target of about $48.29, amid several recent target cuts and mixed upgrades.
• Insider selling: CEO Ali Dibadj sold 127,632 shares at roughly $49.12 (a 22.13% reduction in his stake) and insiders have sold 146,229 shares worth about $7.24M in the last 90 days; insiders still own 19.60% of the stock.
• Strong quarterly beat: The company reported $2.01 EPS vs $1.19 expected and $996.6M revenue (up 61.3% YoY vs $763.1M expected), while analysts project $3.75 EPS for the current year.

Shares of Janus Henderson Group plc (NYSE:JHG - Get Free Report) have been assigned an average recommendation of "Hold" from the nine ratings firms that are currently covering the company, Marketbeat Ratings reports. Six analysts have rated the stock with a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $48.2857.

A number of research analysts recently commented on the company. Evercore decreased their price objective on Janus Henderson Group from $50.00 to $49.00 and set an "in-line" rating on the stock in a report on Monday, December 22nd. Wall Street Zen upgraded Janus Henderson Group from a "hold" rating to a "buy" rating in a report on Saturday, December 20th. Morgan Stanley upped their price target on Janus Henderson Group from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Wednesday, December 17th. TD Cowen lowered Janus Henderson Group from a "buy" rating to a "hold" rating and set a $49.00 price target for the company. in a research report on Tuesday, December 23rd. Finally, Bank of America restated a "neutral" rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th.

Insider Transactions at Janus Henderson Group

In other news, CEO Ali Dibadj sold 127,632 shares of the firm's stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the transaction, the chief executive officer directly owned 449,078 shares in the company, valued at $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Megan Podzorov sold 1,650 shares of the firm's stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total value of $84,546.00. Following the transaction, the insider owned 12,204 shares of the company's stock, valued at approximately $625,332.96. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,229 shares of company stock worth $7,239,650 over the last ninety days. Company insiders own 19.60% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JHG. V Square Quantitative Management LLC purchased a new position in shares of Janus Henderson Group during the fourth quarter worth $25,000. Bessemer Group Inc. increased its position in shares of Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company's stock worth $26,000 after acquiring an additional 342 shares during the period. United Community Bank purchased a new stake in shares of Janus Henderson Group during the third quarter worth $30,000. Empowered Funds LLC purchased a new stake in shares of Janus Henderson Group during the fourth quarter worth $33,000. Finally, Quent Capital LLC purchased a new stake in shares of Janus Henderson Group during the third quarter worth $36,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Trading Down 0.3%

JHG opened at $51.47 on Friday. Janus Henderson Group has a one year low of $29.29 and a one year high of $53.76. The stock has a market capitalization of $7.93 billion, a PE ratio of 9.78, a P/E/G ratio of 5.73 and a beta of 1.50. The business's 50 day moving average price is $50.38 and its 200 day moving average price is $46.94. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings data on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts' consensus estimates of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm had revenue of $996.60 million for the quarter, compared to analysts' expectations of $763.09 million. During the same period in the prior year, the firm posted $1.07 earnings per share. The firm's quarterly revenue was up 61.3% on a year-over-year basis. As a group, equities research analysts expect that Janus Henderson Group will post 3.75 EPS for the current year.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.

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