Janus Henderson Group plc (NYSE:JHG) Receives $43.11 Consensus Target Price from Brokerages

Shares of Janus Henderson Group plc (NYSE:JHG - Get Free Report) have received a consensus rating of "Moderate Buy" from the ten brokerages that are currently covering the firm, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $43.11.

A number of analysts have recently issued reports on JHG shares. Evercore ISI raised their price objective on 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. The Goldman Sachs Group cut their price objective on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their target price for the stock from $57.00 to $43.00 in a report on Thursday, April 3rd. Morgan Stanley boosted their target price on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Finally, Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently made changes to their positions in the business. Brooklyn Investment Group lifted its position in shares of Janus Henderson Group by 182.2% in the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after buying an additional 594 shares in the last quarter. UMB Bank n.a. lifted 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 during the period. True Wealth Design LLC lifted its holdings in Janus Henderson Group by 66.9% during the fourth quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock worth $43,000 after buying an additional 409 shares during the period. Larson Financial Group LLC lifted its holdings in Janus Henderson Group by 33.9% during the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company's stock worth $48,000 after buying an additional 288 shares during the period. Finally, Allworth Financial LP lifted its holdings in shares of Janus Henderson Group by 87.9% during 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. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Performance

Shares of NYSE:JHG traded up $0.67 during trading on Wednesday, hitting $41.70. 118,230 shares of the stock were exchanged, compared to its average volume of 1,306,726. The company's fifty day simple moving average is $37.36 and its 200-day simple moving average is $38.47. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.67 and a current ratio of 4.38. The company has a market capitalization of $6.57 billion, a price-to-earnings ratio of 16.55, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The firm had revenue of $621.40 million during the quarter, compared to the consensus estimate of $623.56 million. During the same quarter in the previous year, the company posted $0.71 EPS. The business's revenue for the quarter was up 12.6% compared to the same quarter last year. Sell-side analysts expect that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.84%. The ex-dividend date of this dividend was Monday, May 12th. This is a positive change from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's payout ratio is currently 63.49%.

About Janus Henderson Group

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.