Janus Henderson Group (NYSE:JHG) Upgraded by JPMorgan Chase & Co. to “Overweight” Rating

Janus Henderson Group (NYSE:JHG) was upgraded by research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued to investors on Wednesday, MarketBeat reports. The firm presently has a $53.00 price target on the stock, up from their previous price target of $44.00. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 20.50% from the stock’s current price.

A number of other research firms have also issued reports on JHG. UBS Group boosted their price objective on Janus Henderson Group from $42.00 to $45.00 and gave the company a “neutral” rating in a research note on Monday. TD Cowen upped their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, November 11th. The Goldman Sachs Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $42.00 to $45.00 in a report on Monday, January 6th. Finally, Evercore ISI boosted their price target on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $46.75.

Janus Henderson Group Trading Down 1.1 %

Shares of Janus Henderson Group stock opened at $43.98 on Wednesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The stock has a market capitalization of $6.99 billion, a P/E ratio of 17.18, a P/E/G ratio of 0.62 and a beta of 1.50. Janus Henderson Group has a 52-week low of $29.50 and a 52-week high of $45.74. The stock’s 50-day simple moving average is $43.32 and its 200 day simple moving average is $40.32.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Friday, January 31st. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same quarter in the previous year, the company posted $0.82 EPS. As a group, research analysts anticipate that Janus Henderson Group will post 3.74 EPS for the current year.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds have recently made changes to their positions in JHG. Charles Schwab Investment Management Inc. raised its position in Janus Henderson Group by 0.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 4,446,079 shares of the company’s stock worth $169,262,000 after purchasing an additional 36,711 shares during the period. Geode Capital Management LLC grew its stake in shares of Janus Henderson Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock valued at $80,907,000 after buying an additional 12,884 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Janus Henderson Group by 28.9% in the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock worth $79,248,000 after buying an additional 467,049 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of Janus Henderson Group by 32.5% in the 4th quarter. Allianz Asset Management GmbH now owns 1,927,318 shares of the company’s stock valued at $81,969,000 after acquiring an additional 473,143 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Janus Henderson Group by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 1,064,556 shares of the company’s stock valued at $45,276,000 after acquiring an additional 32,346 shares during the period. 87.94% 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.