Janus Henderson Group (NYSE:JHG) Upgraded to "Buy" by TD Cowen

TD Cowen upgraded shares of Janus Henderson Group (NYSE:JHG - Free Report) from a hold rating to a buy rating in a research report sent to investors on Wednesday morning, MarketBeat reports. They currently have $37.00 target price on the stock, up from their previous target price of $34.00.

A number of other brokerages have also commented on JHG. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $35.00 to $36.00 and gave the company a neutral rating in a research report on Friday, May 3rd. UBS Group raised their price objective on 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 downgraded Janus Henderson Group from a buy rating to a hold rating in a research note on Friday, May 3rd. The Goldman Sachs Group raised their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the company a sell rating in a report on Tuesday, April 2nd. Finally, Morgan Stanley lifted their price target on Janus Henderson Group from $30.00 to $33.00 and gave the stock an equal weight rating in a report on Wednesday, April 17th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of Hold and an average price target of $30.37.

Janus Henderson Group Stock Up 3.0 %

Shares of JHG traded up $1.00 during trading hours on Wednesday, hitting $34.79. 1,250,093 shares of the company were exchanged, compared to its average volume of 1,083,829. The company has a market cap of $5.58 billion, a PE ratio of 13.13, a PEG ratio of 0.96 and a beta of 1.53. The firm's 50 day moving average is $32.03 and its 200-day moving average is $29.73. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $34.96. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 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 firm had revenue of $551.70 million during the quarter, compared to analysts' expectations of $547.20 million. During the same quarter in the prior year, the firm posted $0.55 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, equities research analysts forecast that Janus Henderson Group will post 2.97 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm 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 $0.39 dividend. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.56 annualized dividend and a yield of 4.48%. Janus Henderson Group's payout ratio is 58.87%.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, Director Kevin B. Dolan sold 3,318 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.99, for a total value of $102,824.82. Following the completion of the sale, the director now owns 16,853 shares in the company, valued at approximately $522,274.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Janus Henderson Group news, Director Kevin B. Dolan sold 3,318 shares of the stock in a transaction dated Thursday, February 15th. The shares were sold at an average price of $30.99, for a total value of $102,824.82. Following the completion of the sale, the director now owns 16,853 shares in the company, valued at approximately $522,274.47. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CAO Brennan A. Hughes sold 1,812 shares of the 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 completion of the sale, the chief accounting officer now owns 3,535 shares of the company's stock, valued at approximately $114,074.45. The disclosure for this sale can be found here. In the last quarter, insiders have sold 73,451 shares of company stock valued at $2,275,283. 20.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several large investors have recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in Janus Henderson Group by 0.6% in the 3rd quarter. Vanguard Group Inc. now owns 13,540,493 shares of the company's stock valued at $349,616,000 after buying an additional 84,307 shares in the last quarter. Invesco Ltd. increased its position in shares of Janus Henderson Group by 33.2% in the third quarter. Invesco Ltd. now owns 690,723 shares of the company's stock valued at $17,834,000 after acquiring an additional 172,211 shares during the period. UBS Group AG increased its position in shares of Janus Henderson Group by 207.2% in the third quarter. UBS Group AG now owns 86,179 shares of the company's stock valued at $2,225,000 after acquiring an additional 58,122 shares during the period. Illinois Municipal Retirement Fund increased its position in shares of Janus Henderson Group by 121.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 51,577 shares of the company's stock valued at $1,555,000 after acquiring an additional 28,321 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Janus Henderson Group by 2.0% during the third quarter. Principal Financial Group Inc. now owns 1,773,943 shares of the company's stock worth $45,803,000 after acquiring an additional 34,791 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

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.