Janus Henderson Group (NYSE:JHG) Reaches New 52-Week High on Analyst Upgrade

Janus Henderson Group plc (NYSE:JHG - Get Free Report)'s share price reached a new 52-week high during trading on Monday after JPMorgan Chase & Co. raised their price target on the stock from $35.00 to $36.00. JPMorgan Chase & Co. currently has a neutral rating on the stock. Janus Henderson Group traded as high as $33.31 and last traded at $32.80, with a volume of 435339 shares trading hands. The stock had previously closed at $32.55.

Several other research analysts have also issued reports on JHG. Morgan Stanley raised their target price on Janus Henderson Group from $30.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Wednesday, April 17th. TD Cowen started coverage on shares of Janus Henderson Group in a research note on Thursday, January 4th. They issued a "market perform" rating and a $30.00 price objective on the stock. UBS Group lifted their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the stock a "sell" rating in a research note on Friday, April 12th. StockNews.com raised shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a research report on Thursday, February 29th. Finally, The Goldman Sachs Group lifted their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the stock a "sell" rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, Janus Henderson Group currently has an average rating of "Hold" and a consensus target price of $28.93.

Insider Buying and Selling

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the firm's stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the sale, the chief accounting officer now owns 3,535 shares of the company's stock, valued at $114,074.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Janus Henderson Group news, insider Georgina Fogo sold 22,076 shares of the company's stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total transaction of $682,810.68. Following the transaction, the insider now owns 101,623 shares in the company, valued at $3,143,199.39. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total transaction of $58,473.24. Following the transaction, the chief accounting officer now owns 3,535 shares of the company's stock, valued at $114,074.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 70,133 shares of company stock valued at $2,172,459. 20.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently added to or reduced their stakes in JHG. Greenwood Capital Associates LLC raised its stake in shares of Janus Henderson Group by 0.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company's stock worth $1,376,000 after purchasing an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Janus Henderson Group by 39.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company's stock worth $39,000 after buying an additional 369 shares in the last quarter. Retirement Systems of Alabama raised its position in Janus Henderson Group by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 166,421 shares of the company's stock valued at $5,474,000 after buying an additional 439 shares during the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in Janus Henderson Group by 10.2% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 5,316 shares of the company's stock valued at $175,000 after acquiring an additional 490 shares in the last quarter. Finally, Hexagon Capital Partners LLC boosted its holdings in Janus Henderson Group by 72.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company's stock worth $36,000 after acquiring an additional 509 shares during the last quarter. Institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Performance

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92. The company's 50 day moving average price is $31.83 and its 200-day moving average price is $29.29. The stock has a market cap of $5.30 billion, a P/E ratio of 12.47, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.08. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The company had revenue of $551.70 million during the quarter, compared to analyst estimates of $547.20 million. During the same period in the prior year, the company posted $0.55 earnings per share. Janus Henderson Group's quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts forecast that Janus Henderson Group plc will post 2.85 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.56 annualized dividend and a yield of 4.72%. Janus Henderson Group's payout ratio is currently 58.87%.

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.