Bank of America Reiterates “Neutral” Rating for Janus Henderson Group (NYSE:JHG)

Janus Henderson Group (NYSE:JHG)‘s stock had its “neutral” rating reissued by equities research analysts at Bank of America in a note issued to investors on Monday,Benzinga reports. They currently have a $49.00 price objective on the stock, down from their previous price objective of $54.00. Bank of America‘s price objective would indicate a potential upside of 2.08% from the company’s current price.

Several other research analysts also recently issued reports on the stock. Cowen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Monday, December 22nd. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Evercore ISI lowered their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, Janus Henderson Group has a consensus rating of “Hold” and an average price target of $47.67.

Janus Henderson Group Stock Up 0.5%

JHG stock opened at $48.00 on Monday. The firm has a 50-day moving average price of $44.82 and a 200-day moving average price of $43.59. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $49.42. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $7.42 billion, a P/E ratio of 14.08, a price-to-earnings-growth ratio of 0.75 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $695.57 million. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The firm’s revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.91 EPS. As a group, equities research analysts anticipate that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors have recently modified their holdings of JHG. Bessemer Group Inc. raised its stake in Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after buying an additional 342 shares during the last quarter. United Community Bank acquired a new stake in Janus Henderson Group during the 3rd quarter worth about $30,000. Quent Capital LLC acquired a new stake in Janus Henderson Group during the 3rd quarter worth about $36,000. Addison Advisors LLC raised its position in shares of Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Finally, Traub Capital Management LLC acquired a new position in shares of Janus Henderson Group in the 2nd quarter valued at about $37,000. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.