Deutsche Bank Aktiengesellschaft Raises Janus Henderson Group (NYSE:JHG) Price Target to $42.00

Janus Henderson Group (NYSE:JHG) had its price objective raised by Deutsche Bank Aktiengesellschaft from $40.00 to $42.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a hold rating on the stock.

A number of other research firms also recently issued reports on JHG. JPMorgan Chase & Co. raised their price target on shares of Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, August 2nd. UBS Group lifted their price objective on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 22nd. The Goldman Sachs Group lifted their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research report on Thursday, October 3rd. Wells Fargo & Company boosted their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 9th. Finally, Evercore ISI boosted their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a research report on Friday, October 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $40.75.

Janus Henderson Group Price Performance

JHG traded up $0.34 on Friday, hitting $41.65. 1,087,749 shares of the company were exchanged, compared to its average volume of 892,978. The business’s fifty day moving average is $38.39 and its 200 day moving average is $35.53. The firm has a market capitalization of $6.63 billion, a P/E ratio of 16.46, a price-to-earnings-growth ratio of 0.79 and a beta of 1.49. Janus Henderson Group has a fifty-two week low of $23.98 and a fifty-two week high of $42.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.67 and a current ratio of 4.05.

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, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The business had revenue of $624.80 million for the quarter, compared to the consensus estimate of $600.88 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Janus Henderson Group will post 3.28 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.75%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 61.66%.

Insider Activity

In related news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total transaction of $318,420.00. Following the transaction, the chief financial officer now directly owns 139,171 shares in the company, valued at approximately $4,923,869.98. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total value of $318,420.00. Following the completion of the transaction, the chief financial officer now owns 139,171 shares of the company’s stock, valued at $4,923,869.98. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Michelle Rosenberg sold 7,651 shares of the business’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 25,651 shares of company stock worth $918,158 over the last ninety days. Insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Miller Howard Investments Inc. NY boosted its holdings in Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after acquiring an additional 282 shares during the last quarter. Abich Financial Wealth Management LLC boosted its holdings in Janus Henderson Group by 26.5% in the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after acquiring an additional 377 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Janus Henderson Group by 15.7% in the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $107,000 after acquiring an additional 382 shares during the last quarter. Graypoint LLC boosted its holdings in Janus Henderson Group by 4.2% in the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock valued at $345,000 after acquiring an additional 410 shares during the last quarter. Finally, Assetmark Inc. boosted its holdings in Janus Henderson Group by 9.1% in the third quarter. Assetmark Inc. now owns 5,101 shares of the company’s stock valued at $194,000 after acquiring an additional 425 shares during the last quarter. Institutional investors and hedge funds 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.