Janus Henderson Group (NYSE:JHG) Stock Rating Upgraded by Bank of America

Janus Henderson Group (NYSE:JHG) was upgraded by analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm currently has a $43.00 price objective on the stock. Bank of America‘s target price suggests a potential upside of 16.75% from the stock’s previous close.

JHG has been the topic of several other research reports. JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and raised their price objective for the stock from $44.00 to $53.00 in a report on Wednesday, February 5th. The Goldman Sachs Group upgraded Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $42.00 to $45.00 in a research note on Monday, January 6th. StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Wells Fargo & Company upped their price target on shares of Janus Henderson Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Finally, UBS Group raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $45.00 to $50.00 in a research report on Monday, February 24th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and a consensus target price of $46.89.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $36.83 on Thursday. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 52 week low of $30.35 and a 52 week high of $46.68. The firm’s 50 day moving average is $40.80 and its two-hundred day moving average is $41.52. The firm has a market capitalization of $5.80 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.66 and a beta of 1.43.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period in the previous year, the business posted $0.82 earnings per share. Research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Institutional Trading of Janus Henderson Group

Several hedge funds and other institutional investors have recently made changes to their positions in JHG. KBC Group NV increased its holdings in shares of Janus Henderson Group by 63.6% in the 4th quarter. KBC Group NV now owns 4,546 shares of the company’s stock valued at $193,000 after purchasing an additional 1,768 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Janus Henderson Group by 17.8% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,218 shares of the company’s stock worth $3,977,000 after acquiring an additional 13,942 shares during the last quarter. Merit Financial Group LLC acquired a new stake in shares of Janus Henderson Group during the fourth quarter worth $413,000. Delphi Management Inc. MA purchased a new stake in Janus Henderson Group in the 4th quarter valued at about $1,419,000. Finally, Nordea Investment Management AB grew its holdings in Janus Henderson Group by 6.9% in the fourth quarter. Nordea Investment Management AB now owns 233,601 shares of the company’s stock valued at $9,979,000 after purchasing an additional 14,996 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

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.