Janus Henderson Group (NYSE:JHG) Price Target Lowered to $41.00 at The Goldman Sachs Group

Janus Henderson Group (NYSE:JHG) had its target price lowered by equities researchers at The Goldman Sachs Group from $47.00 to $41.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. The Goldman Sachs Group’s price target would suggest a potential upside of 35.87% from the stock’s previous close.

Several other brokerages also recently commented on JHG. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $45.00 to $50.00 in a research note on Monday, February 24th. Wells Fargo & Company upped their price objective on shares of Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Morgan Stanley raised their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Bank of America upgraded shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $57.00 to $43.00 in a report on Thursday. Finally, StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Janus Henderson Group currently has a consensus rating of “Hold” and a consensus target price of $46.44.

Janus Henderson Group Stock Performance

NYSE JHG opened at $30.18 on Thursday. The firm’s 50 day simple moving average is $40.32 and its 200 day simple moving average is $41.41. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 11.79, a P/E/G ratio of 0.66 and a beta of 1.43. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 1 year low of $29.63 and a 1 year high of $46.68.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same period last year, the business posted $0.82 EPS. As a group, research analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Janus Henderson Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 14,148,813 shares of the company’s stock worth $601,749,000 after buying an additional 203,330 shares during the period. Millennium Management LLC boosted its position in Janus Henderson Group by 23.9% during the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company’s stock valued at $308,242,000 after acquiring an additional 1,399,781 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Janus Henderson Group by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,593,441 shares of the company’s stock worth $195,359,000 after acquiring an additional 147,362 shares during the period. Northern Trust Corp raised its position in shares of Janus Henderson Group by 8.4% in the 4th quarter. Northern Trust Corp now owns 2,320,796 shares of the company’s stock worth $98,703,000 after acquiring an additional 180,726 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Janus Henderson Group by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock valued at $80,907,000 after purchasing an additional 12,884 shares during the period. Institutional investors own 87.94% of the company’s stock.

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.