Janus Henderson Group (NYSE:JHG) Lowered to Hold Rating by Wall Street Zen

Janus Henderson Group (NYSE:JHG) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Friday.

A number of other brokerages also recently weighed in on JHG. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Cowen restated a “buy” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, November 19th. Bank of America upped their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a report on Thursday, October 2nd. Finally, Morgan Stanley reaffirmed a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Two analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, Janus Henderson Group presently has a consensus rating of “Buy” and a consensus price target of $48.11.

Janus Henderson Group Stock Up 0.8%

Shares of NYSE:JHG opened at $43.71 on Friday. The business’s 50 day moving average is $43.59 and its 200 day moving average is $41.77. The stock has a market cap of $6.75 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.96 and a beta of 1.59. Janus Henderson Group has a 52-week low of $28.26 and a 52-week high of $49.42. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. The business had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $695.57 million. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 EPS. Sell-side analysts predict that Janus Henderson Group will post 3.75 EPS for the current year.

Insiders Place Their Bets

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the sale, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at approximately $5,118,770.22. This trade represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.60% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Janus Henderson Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company’s stock worth $514,311,000 after acquiring an additional 78,321 shares in the last quarter. Millennium Management LLC grew its holdings in Janus Henderson Group by 20.3% in the third quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after purchasing an additional 1,154,481 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Janus Henderson Group by 3.2% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock valued at $198,162,000 after buying an additional 155,947 shares in the last quarter. AQR Capital Management LLC grew its stake in Janus Henderson Group by 29.7% in the 3rd quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock valued at $213,649,000 after acquiring an additional 1,099,858 shares during the period. Finally, State Street Corp increased its holdings in Janus Henderson Group by 0.6% in the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company’s stock worth $177,812,000 after acquiring an additional 28,114 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

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.