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 price objective boosted by research analysts at Wells Fargo & Company from $37.00 to $44.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's price target would suggest a potential upside of 6.67% from the stock's previous close.

Other equities analysts have also issued reports about the stock. Morgan Stanley increased 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. Bank of America upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their price objective for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Evercore ISI increased their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Cowen restated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Finally, The Goldman Sachs Group cut their price objective on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $44.00.

Janus Henderson Group Price Performance

Shares of JHG stock traded down $0.16 during trading hours on Friday, reaching $41.25. 1,130,851 shares of the company were exchanged, compared to its average volume of 1,156,838. Janus Henderson Group has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The stock's fifty day moving average is $37.61 and its two-hundred day moving average is $38.41. The company has a market cap of $6.50 billion, a price-to-earnings ratio of 16.37, a P/E/G ratio of 1.31 and a beta of 1.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.38 and a quick ratio of 2.67.

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

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds have recently bought and sold shares of the company. Brooklyn Investment Group increased its position in shares of Janus Henderson Group by 182.2% during the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after acquiring an additional 594 shares in the last quarter. UMB Bank n.a. increased its position in shares of Janus Henderson Group by 48.9% during the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock worth $42,000 after acquiring an additional 385 shares in the last quarter. True Wealth Design LLC increased its position in shares of Janus Henderson Group by 66.9% during the fourth quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock worth $43,000 after acquiring an additional 409 shares in the last quarter. Allworth Financial LP increased its position in shares of Janus Henderson Group by 87.9% during the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock worth $48,000 after acquiring an additional 684 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in shares of Janus Henderson Group by 825.2% during the fourth quarter. Bessemer Group Inc. now owns 1,286 shares of the company's stock worth $55,000 after acquiring an additional 1,147 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.