Janus Henderson Group (NYSE:JHG) Given New $48.00 Price Target at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its target price raised by equities researchers at Morgan Stanley from $46.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target would suggest a potential upside of 12.94% from the stock’s previous close.

A number of other analysts have also issued reports on JHG. Deutsche Bank Aktiengesellschaft increased their price target on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Evercore ISI increased their target price on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. The Goldman Sachs Group boosted their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. TD Cowen upped their price target on shares of Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, Wells Fargo & Company lifted their price objective on Janus Henderson Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $43.38.

Janus Henderson Group Stock Up 1.9 %

Shares of JHG traded up $0.80 during mid-day trading on Friday, reaching $42.50. The company’s stock had a trading volume of 533,108 shares, compared to its average volume of 1,024,778. The company has a market cap of $6.76 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 0.62 and a beta of 1.48. The business has a fifty day moving average of $43.00 and a 200 day moving average of $38.25. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 1 year low of $28.19 and a 1 year high of $45.74.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The firm had revenue of $624.80 million during the quarter, compared to the consensus estimate of $600.88 million. During the same period in the prior year, the business earned $0.64 EPS. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, analysts forecast that Janus Henderson Group will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Janus Henderson Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in Janus Henderson Group by 257.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 22,900 shares of the company’s stock worth $772,000 after purchasing an additional 16,500 shares during the last quarter. Miller Howard Investments Inc. NY grew its stake in Janus Henderson Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after buying an additional 282 shares during the last quarter. 1834 Investment Advisors Co. raised its holdings in Janus Henderson Group by 2.9% in the 2nd quarter. 1834 Investment Advisors Co. now owns 98,305 shares of the company’s stock worth $3,314,000 after acquiring an additional 2,743 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Janus Henderson Group by 17.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 29,521 shares of the company’s stock valued at $995,000 after acquiring an additional 4,442 shares during the period. Finally, WBI Investments LLC grew its position in shares of Janus Henderson Group by 259.8% in the second quarter. WBI Investments LLC now owns 91,949 shares of the company’s stock valued at $3,100,000 after purchasing an additional 66,393 shares during the last quarter. Institutional investors and hedge funds 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.