JPMorgan Chase & Co. Cuts Janus Henderson Group (NYSE:JHG) Price Target to $44.00

Janus Henderson Group (NYSE:JHG) had its price objective cut by JPMorgan Chase & Co. from $45.00 to $44.00 in a research report sent to investors on Tuesday morning,Benzinga reports. They currently have a neutral rating on the stock.

Several other equities research analysts also recently weighed in on JHG. The Goldman Sachs Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and increased their target price for the stock from $42.00 to $45.00 in a research note on Monday. Morgan Stanley increased 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. Evercore ISI boosted their target price on 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 target on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a report on Tuesday, October 22nd. Finally, Wells Fargo & Company boosted their price objective on shares of Janus Henderson Group from $41.00 to $45.00 and gave the company an “equal weight” rating in a research note on Thursday, December 12th. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $45.00.

Janus Henderson Group Trading Up 0.9 %

JHG opened at $42.41 on Tuesday. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group has a 52 week low of $28.19 and a 52 week high of $45.74. The business’s 50 day moving average is $43.77 and its two-hundred day moving average is $39.27. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 16.76, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, beating the consensus estimate of $0.80 by $0.11. The firm had revenue of $624.80 million during the quarter, compared to the consensus estimate of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. Janus Henderson Group’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 EPS. On average, research analysts predict that Janus Henderson Group will post 3.43 EPS for the current year.

Janus Henderson Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were paid a dividend of $0.39 per share. The ex-dividend date was Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.68%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 61.66%.

Institutional Trading of Janus Henderson Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Quarry LP lifted its position in shares of Janus Henderson Group by 203.6% during the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after acquiring an additional 509 shares during the period. Huntington National Bank raised its holdings in Janus Henderson Group by 24.5% during the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 240 shares during the last quarter. Addison Advisors LLC raised its holdings in Janus Henderson Group by 103.4% during the third quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after purchasing an additional 642 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Janus Henderson Group by 70.6% during the third quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock worth $53,000 after purchasing an additional 575 shares in the last quarter. Finally, Abich Financial Wealth Management LLC grew its holdings in Janus Henderson Group by 26.5% in the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after purchasing an additional 377 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

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.