Janus Henderson Group (NYSE:JHG) Given New $48.00 Price Target at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its target price boosted by Morgan Stanley from $46.00 to $48.00 in a research note published on Friday morning,Benzinga reports. They currently have an equal weight rating on the stock.

Other equities analysts also recently issued reports about the company. UBS Group boosted their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company boosted their price target on Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a report on Thursday, December 12th. TD Cowen increased their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a report on Friday, November 1st. Evercore ISI boosted their target price on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Finally, The Goldman Sachs Group upped their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research report on Thursday, October 3rd. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $43.38.

Janus Henderson Group Trading Up 2.0 %

Janus Henderson Group stock opened at $42.55 on Friday. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 12-month low of $28.19 and a 12-month high of $45.74. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.62 and a beta of 1.48. The firm has a 50 day moving average of $43.07 and a 200 day moving average of $38.39.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The firm had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. During the same period in the prior year, the company posted $0.64 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, research analysts predict that Janus Henderson Group will post 3.43 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.67%. The ex-dividend date of this dividend was Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio is presently 61.66%.

Hedge Funds Weigh In On Janus Henderson Group

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Foundry Partners LLC purchased a new stake in shares of Janus Henderson Group during the 2nd quarter valued at about $566,000. Dimensional Fund Advisors LP raised its position in Janus Henderson Group by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after purchasing an additional 344,582 shares during the period. WINTON GROUP Ltd raised its position in Janus Henderson Group by 97.7% during the second quarter. WINTON GROUP Ltd now owns 28,049 shares of the company’s stock valued at $946,000 after purchasing an additional 13,861 shares during the period. Mutual of America Capital Management LLC lifted its stake in shares of Janus Henderson Group by 210.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 228,276 shares of the company’s stock valued at $8,690,000 after purchasing an additional 154,778 shares during the last quarter. Finally, AdvisorShares Investments LLC purchased a new position in shares of Janus Henderson Group in the 2nd quarter worth approximately $485,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.