Janus Henderson Group (JHG) Lifted to Buy at Zacks Investment Research

Janus Henderson Group (NYSE:JHG) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Friday. The firm presently has a $44.00 target price on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.86% from the stock’s previous close.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

Several other research analysts have also weighed in on JHG. Keefe, Bruyette & Woods reissued a “hold” rating and set a $37.00 price objective on shares of Janus Henderson Group in a report on Friday, November 10th. Citigroup raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and set a $39.00 price objective for the company in a report on Thursday, November 9th. ValuEngine raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Friday, October 27th. Deutsche Bank began coverage on shares of Janus Henderson Group in a report on Tuesday, October 17th. They set a “hold” rating and a $36.00 price objective for the company. Finally, Jefferies Group reissued a “hold” rating and set a $36.00 price objective (up from $35.00) on shares of Janus Henderson Group in a report on Tuesday, October 10th. Eight analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Janus Henderson Group has an average rating of “Hold” and an average price target of $36.39.

Janus Henderson Group (NYSE JHG) traded up $0.73 on Friday, reaching $39.69. 1,538,608 shares of the company were exchanged, compared to its average volume of 894,025. The firm has a market cap of $7,740.00, a price-to-earnings ratio of 26.14, a price-to-earnings-growth ratio of 1.12 and a beta of 2.19. Janus Henderson Group has a 1-year low of $23.90 and a 1-year high of $40.12. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.48 and a current ratio of 2.17.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, November 9th. The company reported $0.56 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.60 by ($0.04). The firm had revenue of $454.60 million for the quarter, compared to analyst estimates of $524.44 million. Janus Henderson Group had a net margin of 14.18% and a return on equity of 10.75%. Janus Henderson Group’s revenue for the quarter was up 8.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.52 earnings per share. analysts forecast that Janus Henderson Group will post 2.38 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the business. LS Investment Advisors LLC acquired a new position in Janus Henderson Group during the 3rd quarter worth $484,000. Dai Ichi Life Holdings Inc. bought a new position in shares of Janus Henderson Group in the 3rd quarter worth about $598,165,000. Sit Investment Associates Inc. bought a new position in shares of Janus Henderson Group in the 3rd quarter worth about $746,000. Prudential Financial Inc. bought a new position in shares of Janus Henderson Group in the 3rd quarter worth about $9,471,000. Finally, Chicago Equity Partners LLC bought a new position in shares of Janus Henderson Group in the 3rd quarter worth about $423,000. 46.77% of the stock is owned by institutional investors.

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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.

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