Janus Henderson Group (NYSE:JHG) Raised to Buy at Wall Street Zen

Key Points

• Wall Street Zen has upgraded Janus Henderson Group from a "hold" rating to a "buy" rating, indicating increased confidence in the company's prospects.
• Multiple analysts have raised their price targets for Janus Henderson Group, with JPMorgan Chase revising it to $47.00 and Wells Fargo to $44.00.
• Despite a downgrade of 1.9% in its stock price recently, Janus Henderson Group reported earnings of $0.90 per share, exceeding analysts' expectations of $0.84.

Wall Street Zen upgraded shares of Janus Henderson Group (NYSE:JHG - Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Other analysts have also recently issued reports about the company. Evercore ISI increased their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Morgan Stanley raised their price target on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Wells Fargo & Company raised their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, Janus Henderson Group currently has an average rating of "Moderate Buy" and an average price target of $43.33.

Janus Henderson Group Trading Down 0.3%

Shares of JHG traded down $0.1110 during midday trading on Friday, hitting $42.7090. 420,558 shares of the stock were exchanged, compared to its average volume of 1,280,686. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $46.68. The stock has a fifty day simple moving average of $40.63 and a 200 day simple moving average of $38.37. The firm has a market cap of $6.66 billion, a P/E ratio of 16.05, a P/E/G ratio of 1.04 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. The business had revenue of $633.20 million during 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%.The company's quarterly revenue was up 7.6% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. On average, research analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. The ex-dividend date is Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.7%. Janus Henderson Group's payout ratio is 60.15%.

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the transaction, the insider owned 58,057 shares of the company's stock, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 19.60% of the company's stock.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in Janus Henderson Group by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock valued at $514,311,000 after purchasing an additional 78,321 shares in the last quarter. Millennium Management LLC boosted its holdings in Janus Henderson Group by 23.9% in the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock valued at $308,242,000 after purchasing an additional 1,399,781 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company's stock valued at $198,162,000 after purchasing an additional 155,947 shares in the last quarter. State Street Corp boosted its holdings in Janus Henderson Group by 0.6% in the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company's stock valued at $177,812,000 after purchasing an additional 28,114 shares in the last quarter. Finally, AQR Capital Management LLC boosted its holdings in Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company's stock valued at $143,715,000 after purchasing an additional 1,773,964 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

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.