Janus Henderson Group (NYSE:JHG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Janus Henderson Group (NYSE:JHG - Get Free Report) had its target price raised by research analysts at Wells Fargo & Company from $37.00 to $44.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Wells Fargo & Company's price objective would suggest a potential upside of 5.95% from the company's current price.

A number of other research firms have also recently commented on JHG. The Goldman Sachs Group reduced their price target on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their price target for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Finally, Morgan Stanley upped their price objective 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, Janus Henderson Group has a consensus rating of "Hold" and an average price target of $44.00.

Janus Henderson Group Stock Up 0.6%

NYSE JHG traded up $0.27 during trading hours on Friday, hitting $41.53. 1,000,558 shares of the company traded hands, compared to its average volume of 1,156,211. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.67 and a current ratio of 4.38. The business's 50-day moving average is $37.61 and its 200-day moving average is $38.38. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 16.48, a P/E/G ratio of 1.31 and a beta of 1.43. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $621.40 million during the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a net margin of 15.56% and a return on equity of 12.13%. The firm's revenue was up 12.6% on a year-over-year basis. During the same period last year, the business earned $0.71 earnings per share. Sell-side analysts anticipate that Janus Henderson Group will post 3.75 earnings per share for the current year.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Avantax Advisory Services Inc. increased its stake in Janus Henderson Group by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company's stock worth $270,000 after acquiring an additional 270 shares during the period. Louisiana State Employees Retirement System raised its stake in Janus Henderson Group by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company's stock valued at $1,287,000 after purchasing an additional 300 shares in the last quarter. Arete Wealth Advisors LLC lifted its position in Janus Henderson Group by 2.4% during the first quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company's stock worth $468,000 after purchasing an additional 309 shares during the period. Mubadala Investment Co PJSC lifted its position in Janus Henderson Group by 0.6% during the first quarter. Mubadala Investment Co PJSC now owns 56,807 shares of the company's stock worth $2,054,000 after purchasing an additional 324 shares during the period. Finally, Wells Fargo & Company MN grew its stake in Janus Henderson Group by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 8,755 shares of the company's stock worth $372,000 after buying an additional 339 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.