Morgan Stanley Boosts Janus Henderson Group (NYSE:JHG) Price Target to $42.00

Janus Henderson Group (NYSE:JHG) had its price target increased by Morgan Stanley from $39.00 to $42.00 in a report issued on Friday, Benzinga reports. Morgan Stanley currently has an equal weight rating on the stock.

Several other research firms also recently commented on JHG. Evercore ISI lifted their price objective on Janus Henderson Group from $36.00 to $37.00 and gave the stock an “in-line” rating in a report on Friday, October 4th. StockNews.com lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. TD Cowen raised their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 8th. JPMorgan Chase & Co. lifted their target price 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. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a report on Thursday, August 15th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average target price of $38.13.

Janus Henderson Group Price Performance

JHG opened at $40.36 on Friday. The stock has a 50-day moving average price of $37.63 and a 200-day moving average price of $35.06. The firm has a market cap of $6.43 billion, a PE ratio of 13.82, a P/E/G ratio of 0.79 and a beta of 1.50. Janus Henderson Group has a 1 year low of $22.17 and a 1 year high of $41.47. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.05 and a quick ratio of 2.67.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. The business had revenue of $588.40 million for the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm’s quarterly revenue was up 13.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.62 EPS. Sell-side analysts predict that Janus Henderson Group will post 3.25 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were issued a $0.39 dividend. The ex-dividend date was Monday, August 12th. This represents a $1.56 dividend on an annualized basis and a yield of 3.87%. Janus Henderson Group’s dividend payout ratio is currently 53.42%.

Insider Activity at Janus Henderson Group

In other news, CAO Michelle Rosenberg sold 7,651 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the transaction, the chief accounting officer now owns 89,048 shares of the company’s stock, valued at $3,251,142.48. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group stock in a transaction that occurred 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 sale, the chief financial officer now owns 139,171 shares in the company, valued at $4,923,869.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michelle Rosenberg sold 7,651 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 25,651 shares of company stock worth $918,158. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Miller Howard Investments Inc. NY grew its position in shares of Janus Henderson Group by 2.4% during the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after purchasing an additional 282 shares in the last quarter. Abich Financial Wealth Management LLC grew its holdings in shares of 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 purchasing an additional 377 shares in the last quarter. GAMMA Investing LLC raised its stake in Janus Henderson Group by 15.7% during the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $107,000 after purchasing an additional 382 shares in the last quarter. Graypoint LLC lifted its position in Janus Henderson Group by 4.2% during the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock valued at $345,000 after purchasing an additional 410 shares during the last quarter. Finally, Retirement Systems of Alabama grew its stake in shares of Janus Henderson Group by 0.3% in the 1st quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock worth $5,474,000 after buying an additional 439 shares in the last quarter. 87.94% of the stock is currently owned by 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.