Janus Henderson Group plc (NYSE:JHG) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Janus Henderson Group plc (NYSE:JHG) have received an average rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokers that have covered the stock in the last year is $47.6667.

JHG has been the topic of several recent research reports. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. BMO Capital Markets started coverage on Janus Henderson Group in a research note on Friday, October 3rd. They set an “outperform” rating and a $52.00 price objective on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Evercore ISI dropped their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Finally, Bank of America reissued a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in JHG. Millennium Management LLC lifted its holdings in Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after buying an additional 1,154,481 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of Janus Henderson Group by 3.2% during the second quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock valued at $198,162,000 after acquiring an additional 155,947 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Janus Henderson Group by 29.7% during the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock worth $213,649,000 after acquiring an additional 1,099,858 shares during the last quarter. State Street Corp lifted its stake in shares of Janus Henderson Group by 0.6% in the second 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. Finally, Norges Bank purchased a new position in Janus Henderson Group in the second quarter valued at about $86,180,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Down 0.3%

JHG opened at $47.97 on Friday. Janus Henderson Group has a 1 year low of $28.26 and a 1 year high of $49.42. The firm has a 50 day moving average price of $45.93 and a 200 day moving average price of $44.37. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. The company has a market cap of $7.41 billion, a PE ratio of 14.07, a price-to-earnings-growth ratio of 0.78 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $695.57 million. During the same period in the previous year, the firm earned $0.91 earnings per share. Janus Henderson Group’s revenue for the quarter was up 12.1% on a year-over-year basis. Sell-side analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. Janus Henderson Group’s payout ratio is presently 46.92%.

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.