Janus Henderson Group (NYSE:JHG) Rating Increased to Neutral at The Goldman Sachs Group

Janus Henderson Group (NYSE:JHG) was upgraded by equities research analysts at The Goldman Sachs Group from a “sell” rating to a “neutral” rating in a research report issued on Monday,Briefing.com Automated Import reports. The firm currently has a $45.00 price objective on the stock, up from their previous price objective of $42.00. The Goldman Sachs Group’s target price would suggest a potential upside of 3.47% from the company’s previous close.

Several other analysts also recently weighed in on the company. Morgan Stanley upped their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. TD Cowen increased their target price on shares of Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Evercore ISI lifted their price target on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. UBS Group increased their price objective on shares of Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Eight analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $44.38.

Janus Henderson Group Price Performance

JHG stock opened at $43.49 on Monday. The company’s 50-day moving average price is $43.65 and its two-hundred day moving average price is $39.10. Janus Henderson Group has a 12 month low of $28.19 and a 12 month high of $45.74. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. The firm has a market cap of $6.91 billion, a P/E ratio of 17.19, a P/E/G ratio of 0.62 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate 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 business had revenue of $624.80 million during the quarter, compared to the consensus estimate of $600.88 million. During the same period in the previous year, the business earned $0.64 earnings per share. The company’s revenue was up 19.9% on a year-over-year basis. On average, analysts anticipate that Janus Henderson Group will post 3.43 earnings per share for the current fiscal year.

Institutional Trading of Janus Henderson Group

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP grew its position in shares of Janus Henderson Group by 4.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock valued at $272,741,000 after buying an additional 344,582 shares during the last quarter. Millennium Management LLC boosted its holdings in Janus Henderson Group by 43.5% in the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after acquiring an additional 1,809,249 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Janus Henderson Group by 0.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 4,446,079 shares of the company’s stock valued at $169,262,000 after acquiring an additional 36,711 shares during the last quarter. Ariel Investments LLC increased its position in Janus Henderson Group by 0.7% during the 2nd quarter. Ariel Investments LLC now owns 2,256,434 shares of the company’s stock valued at $76,064,000 after purchasing an additional 16,653 shares during the period. Finally, Geode Capital Management LLC raised its holdings in Janus Henderson Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock worth $80,907,000 after purchasing an additional 12,884 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.