Janus Henderson Group plc Announces Quarterly Dividend of $0.40 (NYSE:JHG)

Key Points

• Janus Henderson Group plc has declared a quarterly dividend of $0.40 per share, with an expected payment date of August 28th for investors on record by August 11th, indicating a 3.8% dividend yield.
• The company's payout ratio stands at 44.1%, reflecting that the dividend is well-covered by earnings, with anticipated earnings of $4.17 per share next year.
• Janus Henderson Group reported a $0.90 EPS for the last quarter, surpassing analyst expectations, and saw a 7.6% increase in revenue year-over-year to $633.2 million.

Janus Henderson Group plc (NYSE:JHG - Get Free Report) announced a quarterly dividend on Friday, August 1st, Wall Street Journal reports. Investors of record on Monday, August 11th will be paid a dividend of 0.40 per share on Thursday, August 28th. This represents a c) dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th.

Janus Henderson Group has a payout ratio of 44.1% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Janus Henderson Group to earn $4.17 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 38.4%.

Janus Henderson Group Stock Performance

JHG traded down $0.25 during trading on Tuesday, hitting $42.92. The stock had a trading volume of 276,645 shares, compared to its average volume of 1,290,925. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.30 and a current ratio of 4.49. The company's 50-day moving average price is $39.30 and its 200 day moving average price is $38.38. The firm has a market capitalization of $6.69 billion, a P/E ratio of 16.14, a PEG ratio of 1.31 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%. Janus Henderson Group's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 earnings per share. On average, equities research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on JHG. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Evercore ISI upped their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. JPMorgan Chase & Co. raised their target price on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley upped their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Finally, Wells Fargo & Company increased their target price on 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. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $43.33.

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.