Janus Henderson Group (NYSE:JHG) Receives New Coverage from Analysts at Wells Fargo & Company

Wells Fargo & Company began coverage on shares of Janus Henderson Group (NYSE:JHG) in a research note issued to investors on Thursday morning, MarketBeat.com reports. The firm issued an equal weight rating and a $37.00 target price on the stock.

Several other research firms have also issued reports on JHG. StockNews.com lowered Janus Henderson Group from a buy rating to a hold rating in a report on Friday, August 16th. Deutsche Bank Aktiengesellschaft upped their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a hold rating in a research report on Thursday, August 15th. UBS Group raised Janus Henderson Group from a sell rating to a neutral rating and upped their target price for the company from $33.00 to $37.00 in a research report on Monday, September 9th. TD Cowen upped their target price on Janus Henderson Group from $37.00 to $38.00 and gave the company a buy rating in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. upped their target price on Janus Henderson Group from $38.00 to $39.00 and gave the company a neutral rating in a research report on Friday, August 2nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of Hold and an average target price of $33.33.

Janus Henderson Group Stock Performance

JHG stock opened at $36.20 on Thursday. The firm has a market cap of $5.77 billion, a PE ratio of 13.66, a P/E/G ratio of 0.72 and a beta of 1.51. The business’s 50-day moving average price is $35.91 and its two-hundred day moving average price is $33.82. Janus Henderson Group has a 1-year low of $22.17 and a 1-year high of $39.11. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $588.40 million for the quarter, compared to analyst estimates of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 earnings per share. As a group, research analysts forecast that Janus Henderson Group will post 3.23 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.31%. The ex-dividend date of this dividend was Monday, August 12th. Janus Henderson Group’s payout ratio is presently 58.87%.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the transaction, the chief financial officer now directly owns 130,171 shares in the company, valued at approximately $4,634,087.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction on Monday, August 19th. The stock was 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 in the company, valued at approximately $3,251,142.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares of the company’s stock, valued at $4,634,087.60. The disclosure for this sale can be found here. Over the last three months, insiders acquired 492,997 shares of company stock worth $1,667,418 and sold 25,651 shares worth $918,158. Corporate insiders own 19.60% of the company’s stock.

Institutional Trading of Janus Henderson Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning increased its holdings in Janus Henderson Group by 14.6% in the second quarter. Creative Planning now owns 28,524 shares of the company’s stock valued at $962,000 after purchasing an additional 3,628 shares during the period. Algert Global LLC increased its holdings in Janus Henderson Group by 315.7% in the second quarter. Algert Global LLC now owns 78,495 shares of the company’s stock valued at $2,646,000 after purchasing an additional 59,611 shares during the period. Mackenzie Financial Corp increased its holdings in Janus Henderson Group by 25.8% in the second quarter. Mackenzie Financial Corp now owns 20,373 shares of the company’s stock valued at $687,000 after purchasing an additional 4,174 shares during the period. Millennium Management LLC increased its holdings in Janus Henderson Group by 43.5% in the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after purchasing an additional 1,809,249 shares during the period. Finally, AQR Capital Management LLC grew its holdings in Janus Henderson Group by 64.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock worth $40,677,000 after acquiring an additional 473,308 shares during the period. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.