JPMorgan Chase & Co. upgraded shares of Janus Henderson Group (NYSE:JHG – Free Report) from an underweight rating to a neutral rating in a report issued on Friday, Marketbeat.com reports. They currently have $31.00 price target on the stock, up from their previous price target of $28.00.
Several other analysts also recently issued reports on JHG. Citigroup lowered their price objective on shares of Janus Henderson Group from $27.70 to $25.30 and set a neutral rating for the company in a research report on Tuesday, October 10th. Jefferies Financial Group reduced their target price on Janus Henderson Group from $28.00 to $26.00 in a research note on Tuesday, October 10th. StockNews.com initiated coverage on Janus Henderson Group in a research note on Thursday, October 5th. They set a hold rating for the company. CLSA upgraded Janus Henderson Group from an underperform rating to an outperform rating in a research note on Monday, November 6th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Janus Henderson Group from $27.00 to $25.00 and set a hold rating for the company in a research note on Wednesday, October 11th. One analyst has rated the stock with a sell rating, eight have given a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $26.93.
Janus Henderson Group Stock Down 0.7 %
Janus Henderson Group (NYSE:JHG – Get Free Report) last issued its earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business had revenue of $568.50 million during the quarter, compared to analysts’ expectations of $520.26 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that Janus Henderson Group will post 2.68 earnings per share for the current year.
Janus Henderson Group Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 5.22%. The ex-dividend date is Friday, February 9th. Janus Henderson Group’s payout ratio is 65.82%.
Institutional Investors Weigh In On Janus Henderson Group
A number of hedge funds have recently added to or reduced their stakes in JHG. Raymond James Financial Services Advisors Inc. bought a new stake in Janus Henderson Group in the first quarter valued at $218,000. US Bancorp DE increased its holdings in shares of Janus Henderson Group by 5.7% during the first quarter. US Bancorp DE now owns 10,109 shares of the company’s stock valued at $354,000 after purchasing an additional 542 shares during the period. Cambridge Investment Research Advisors Inc. increased its holdings in shares of Janus Henderson Group by 100.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 11,194 shares of the company’s stock valued at $392,000 after purchasing an additional 5,599 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of Janus Henderson Group by 10.6% during the first quarter. PNC Financial Services Group Inc. now owns 6,107 shares of the company’s stock valued at $215,000 after purchasing an additional 585 shares during the period. Finally, Panagora Asset Management Inc. increased its holdings in shares of Janus Henderson Group by 7.4% during the first quarter. Panagora Asset Management Inc. now owns 6,695 shares of the company’s stock valued at $234,000 after purchasing an additional 459 shares during the period. 86.17% of the stock is currently owned by institutional investors.
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.
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