Janus Henderson Group (JHG) Downgraded to “Neutral” at Citigroup

Janus Henderson Group (NYSE:JHG) was downgraded by stock analysts at Citigroup from a “buy” rating to a “neutral” rating in a research report issued to clients and investors on Thursday. They currently have a $41.00 price target on the stock. Citigroup’s price target suggests a potential downside of 1.04% from the company’s current price.

Several other research firms have also recently commented on JHG. Zacks Investment Research raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Friday, January 5th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $41.00 target price on shares of Janus Henderson Group in a research note on Tuesday, January 9th. Deutsche Bank initiated coverage on shares of Janus Henderson Group in a research note on Tuesday, October 17th. They issued a “hold” rating and a $36.00 target price for the company. Jefferies Group reaffirmed a “hold” rating and issued a $36.00 target price (up from $35.00) on shares of Janus Henderson Group in a research note on Tuesday, October 10th. Finally, ValuEngine raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Friday, October 27th. Nine equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Janus Henderson Group currently has a consensus rating of “Hold” and an average price target of $36.93.

Shares of Janus Henderson Group (JHG) traded up $0.49 on Thursday, hitting $41.43. 564,296 shares of the stock were exchanged, compared to its average volume of 680,525. 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 has a fifty-two week low of $23.90 and a fifty-two week high of $41.64. The stock has a market cap of $8,204.63, a PE ratio of 27.80, a price-to-earnings-growth ratio of 1.10 and a beta of 1.48.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data 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). Janus Henderson Group had a return on equity of 10.75% and a net margin of 14.18%. The business had revenue of $454.60 million for the quarter, compared to analysts’ expectations of $524.44 million. During the same period last year, the business earned $0.52 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. equities analysts expect that Janus Henderson Group will post 2.39 earnings per share for the current year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Bartlett & Co. LLC acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $101,000. First Manhattan Co. acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $123,000. Envestnet Asset Management Inc. acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $131,000. Trust Co. of Vermont acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $143,000. Finally, Fiduciary Trust Co. acquired a new position in shares of Janus Henderson Group in the 3rd quarter valued at $210,000. Institutional investors own 46.83% of the company’s stock.

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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.

Analyst Recommendations for Janus Henderson Group (NYSE:JHG)

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