Janus Henderson Group (NYSE:JHG) Sees Unusually-High Trading Volume – Time to Buy?

Janus Henderson Group plc (NYSE:JHG) saw strong trading volume on Thursday . Approximately 2,898,854 shares changed hands during mid-day trading, an increase of 14% from the previous session’s volume of 2,546,327 shares.The stock last traded at $51.9050 and had previously closed at $51.75.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on JHG shares. Zacks Research downgraded Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and a consensus price target of $48.29.

Janus Henderson Group Stock Performance

The company has a market cap of $8.00 billion, a PE ratio of 10.22, a PEG ratio of 5.77 and a beta of 1.35. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $51.70 and its two-hundred day moving average is $49.74.

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

Institutional Trading of Janus Henderson Group

Institutional investors have recently made changes to their positions in the business. Carmignac Gestion raised its stake in Janus Henderson Group by 57.3% during the 1st quarter. Carmignac Gestion now owns 137,300 shares of the company’s stock valued at $7,053,000 after purchasing an additional 50,001 shares during the period. Rathbones Group PLC boosted its stake in Janus Henderson Group by 3.8% in the 1st quarter. Rathbones Group PLC now owns 8,802 shares of the company’s stock worth $452,000 after purchasing an additional 323 shares during the period. Parallel Advisors LLC boosted its stake in Janus Henderson Group by 35.1% in the 1st quarter. Parallel Advisors LLC now owns 14,454 shares of the company’s stock worth $743,000 after purchasing an additional 3,758 shares during the period. Carlson Capital L.P. bought a new stake in shares of Janus Henderson Group during the first quarter valued at approximately $1,182,000. Finally, Groupe la Francaise bought a new stake in shares of Janus Henderson Group during the first quarter valued at approximately $575,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

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.