Janus Henderson Group plc (NYSE:JHG) Receives Average Recommendation of “Hold” from Brokerages

Janus Henderson Group plc (NYSE:JHG) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $48.2857.

A number of research analysts recently weighed in on the stock. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th.

Insider Buying and Selling at Janus Henderson Group

In related news, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the transaction, the insider owned 12,204 shares in the company, valued at approximately $625,332.96. The trade was a 11.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

Several hedge funds have recently modified their holdings of the stock. Millennium Management LLC lifted its holdings in shares of Janus Henderson Group by 20.3% in the third 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. lifted its holdings in shares of Janus Henderson Group by 2.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,343,899 shares of the company’s stock worth $254,209,000 after buying an additional 139,229 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Janus Henderson Group by 29.7% in the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock worth $213,649,000 after buying an additional 1,099,858 shares in the last quarter. State Street Corp lifted its holdings 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 buying an additional 28,114 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Janus Henderson Group in the fourth quarter worth $117,881,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $51.75 on Friday. The stock has a market cap of $7.97 billion, a PE ratio of 10.19, a price-to-earnings-growth ratio of 5.76 and a beta of 1.37. Janus Henderson Group has a 1 year low of $35.56 and a 1 year high of $53.76. The firm has a fifty day moving average price of $51.56 and a 200-day moving average price of $48.84. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The firm had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. During the same quarter last year, the firm posted $0.79 EPS. The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Janus Henderson Group will post 4.39 earnings per share for the current fiscal year.

About Janus Henderson Group

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.