Janus Henderson Group (NYSE:JHG) PT Raised to $33.00

Janus Henderson Group (NYSE:JHG - Free Report) had its target price upped by Morgan Stanley from $30.00 to $33.00 in a report released on Wednesday morning, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

A number of other research firms also recently issued reports on JHG. JPMorgan Chase & Co. raised Janus Henderson Group from an underweight rating to a neutral rating and lifted their price objective for the stock from $28.00 to $31.00 in a research note on Friday, February 2nd. StockNews.com raised Janus Henderson Group from a hold rating to a buy rating in a research report on Thursday, February 29th. TD Cowen began coverage on Janus Henderson Group in a research report on Thursday, January 4th. They set a market perform rating and a $30.00 target price on the stock. UBS Group boosted their target price on Janus Henderson Group from $28.00 to $30.00 and gave the company a sell rating in a research report on Friday, April 12th. Finally, The Goldman Sachs Group boosted their target price on Janus Henderson Group from $29.00 to $32.00 and gave the company a sell rating in a research report on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Hold and an average price target of $28.43.

Janus Henderson Group Stock Performance

Shares of NYSE JHG traded down $0.26 during trading on Wednesday, hitting $30.48. The company had a trading volume of 975,601 shares, compared to its average volume of 1,101,513. The stock has a 50 day simple moving average of $31.62 and a 200 day simple moving average of $28.59. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.76 and a current ratio of 3.89. Janus Henderson Group has a 12 month low of $22.17 and a 12 month high of $33.25. The firm has a market capitalization of $4.91 billion, a P/E ratio of 12.86, a price-to-earnings-growth ratio of 1.51 and a beta of 1.52.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.56 by $0.26. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The firm had revenue of $568.50 million during the quarter, compared to analysts' expectations of $520.26 million. During the same quarter last year, the business posted $0.61 earnings per share. The firm's revenue was up 10.3% on a year-over-year basis. As a group, analysts anticipate that Janus Henderson Group will post 2.75 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date was Friday, February 9th. Janus Henderson Group's payout ratio is currently 49.37%.

Insider Activity at Janus Henderson Group

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 stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the sale, the insider now directly owns 101,623 shares in the company, valued at approximately $3,143,199.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the company's stock in a transaction 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 directly owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Georgina Fogo sold 22,076 shares of the company's stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the sale, the insider now owns 101,623 shares of the company's stock, valued at $3,143,199.39. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock worth $2,172,459 in the last quarter. 19.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds have recently made changes to their positions in the stock. Greenwood Capital Associates LLC lifted its stake in shares of Janus Henderson Group by 0.8% during the 4th 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 lifted its stake in shares of Janus Henderson Group by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company's stock worth $39,000 after purchasing an additional 369 shares during the last quarter. FMR LLC lifted its stake in shares of Janus Henderson Group by 0.3% during the 1st quarter. FMR LLC now owns 142,741 shares of the company's stock worth $3,803,000 after purchasing an additional 448 shares during the last quarter. Panagora Asset Management Inc. lifted its stake in shares of Janus Henderson Group by 7.4% during the 1st quarter. Panagora Asset Management Inc. now owns 6,695 shares of the company's stock worth $234,000 after purchasing an additional 459 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its stake in shares of 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 purchasing an additional 509 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

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.