Janus Henderson Group (NYSE:JHG) PT Raised to $42.00

Janus Henderson Group (NYSE:JHG) had its target price upped by research analysts at Morgan Stanley from $39.00 to $42.00 in a report issued on Friday, Benzinga reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price objective points to a potential upside of 1.89% from the stock’s previous close.

Several other research firms have also commented on JHG. TD Cowen increased their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a report on Monday, July 8th. The Goldman Sachs Group raised their price objective on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. JPMorgan Chase & Co. boosted their target price on Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. Wells Fargo & Company increased their target price on Janus Henderson Group from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Wednesday, October 9th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective 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. One investment 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. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $38.13.

Janus Henderson Group Trading Up 1.4 %

Shares of Janus Henderson Group stock opened at $41.22 on Friday. The stock has a market capitalization of $6.56 billion, a P/E ratio of 14.12, a P/E/G ratio of 0.77 and a beta of 1.50. Janus Henderson Group has a 52-week low of $22.17 and a 52-week high of $41.47. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05. The stock’s 50-day simple moving average is $37.51 and its 200 day simple moving average is $34.98.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The firm had revenue of $588.40 million during 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 business’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the company earned $0.62 earnings per share. As a group, research analysts anticipate that Janus Henderson Group will post 3.26 EPS for the current year.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total transaction 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 approximately $4,634,087.60. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total transaction of $320,400.00. Following the sale, the chief financial officer now directly owns 130,171 shares of the company’s stock, valued at $4,634,087.60. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,651 shares of company stock worth $918,158. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently made changes to their positions in the stock. Versant Capital Management Inc acquired a new stake in Janus Henderson Group during the 2nd quarter valued at approximately $34,000. Larson Financial Group LLC boosted its holdings in Janus Henderson Group by 401.6% in the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after purchasing an additional 1,000 shares during the last quarter. Abich Financial Wealth Management LLC grew its position in Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock worth $47,000 after purchasing an additional 419 shares during the period. GAMMA Investing LLC grew its position in Janus Henderson Group by 159.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock worth $82,000 after purchasing an additional 1,500 shares during the period. Finally, Blue Trust Inc. raised its stake in shares of Janus Henderson Group by 24.6% during the 3rd quarter. Blue Trust Inc. now owns 2,236 shares of the company’s stock valued at $85,000 after buying an additional 442 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.