Janus Henderson Group (NYSE:JHG) Price Target Raised to $45.00

Janus Henderson Group (NYSE:JHG) had its price target increased by Wells Fargo & Company from $41.00 to $45.00 in a research report report published on Thursday,Benzinga reports. Wells Fargo & Company currently has an equal weight rating on the stock.

A number of other analysts have also commented on the company. UBS Group boosted their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Evercore ISI increased their price target on 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. The Goldman Sachs Group lifted their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a report on Thursday, October 3rd. Morgan Stanley increased their target price on shares of Janus Henderson Group from $39.00 to $42.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and a consensus price target of $42.63.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $44.06 on Thursday. Janus Henderson Group has a twelve month low of $28.19 and a twelve month high of $45.74. The stock’s 50 day moving average is $42.69 and its 200-day moving average is $38.02. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. The firm has a market capitalization of $7.01 billion, a price-to-earnings ratio of 17.42, a PEG ratio of 0.58 and a beta of 1.48.

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

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend was Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio is 61.66%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Foundry Partners LLC bought a new stake in shares of Janus Henderson Group in the 2nd quarter worth approximately $566,000. Dimensional Fund Advisors LP raised its stake in shares of Janus Henderson Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after buying an additional 344,582 shares during the period. WINTON GROUP Ltd lifted its position in shares of Janus Henderson Group by 97.7% during the 2nd quarter. WINTON GROUP Ltd now owns 28,049 shares of the company’s stock valued at $946,000 after buying an additional 13,861 shares during the last quarter. Mutual of America Capital Management LLC lifted its position in shares of Janus Henderson Group by 210.6% during the 3rd quarter. Mutual of America Capital Management LLC now owns 228,276 shares of the company’s stock valued at $8,690,000 after buying an additional 154,778 shares during the last quarter. Finally, AdvisorShares Investments LLC bought a new position in shares of Janus Henderson Group during the 2nd quarter worth $485,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

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.