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

JPMorgan Chase & Co. upgraded shares of Janus Henderson Group (NYSE:JHG) from a neutral rating to an overweight rating in a research report report published on Wednesday, Marketbeat reports. The firm currently has $53.00 target price on the stock, up from their previous target price of $44.00.

A number of other research firms also recently commented on JHG. UBS Group increased their target price on Janus Henderson Group from $42.00 to $45.00 and gave the company a “neutral” rating in a research report on Monday. TD Cowen increased their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Wells Fargo & Company boosted their target price on shares of Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday. The Goldman Sachs Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and upped their target price for the company from $42.00 to $45.00 in a research report on Monday, January 6th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $46.75.

Janus Henderson Group Stock Up 4.4 %

Shares of JHG stock opened at $45.94 on Wednesday. The company’s fifty day simple moving average is $43.30 and its two-hundred day simple moving average is $40.38. Janus Henderson Group has a 52 week low of $29.64 and a 52 week high of $45.99. The stock has a market cap of $7.30 billion, a P/E ratio of 17.94, a PEG ratio of 0.62 and a beta of 1.50. 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 (NYSE:JHG) last posted its earnings results on Friday, January 31st. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same period in the prior year, the company earned $0.82 EPS. Analysts predict that Janus Henderson Group will post 3.74 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.40%. The ex-dividend date is Tuesday, February 11th. Janus Henderson Group’s payout ratio is currently 60.94%.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Quarry LP boosted its holdings in Janus Henderson Group by 203.6% during the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after acquiring an additional 509 shares during the period. Richardson Financial Services Inc. lifted its position in shares of Janus Henderson Group by 89.4% during the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock worth $33,000 after purchasing an additional 363 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Janus Henderson Group by 56.5% during the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. Huntington National Bank boosted its stake in shares of Janus Henderson Group by 24.5% during the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 240 shares during the period. Finally, Addison Advisors LLC increased its stake in Janus Henderson Group by 103.4% in the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after buying an additional 642 shares during the period. 87.94% of the stock is currently owned by hedge funds and other 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.