Zacks Investment Research downgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a sell rating in a research note published on Thursday morning.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

JHG has been the topic of several other research reports. Deutsche Bank downgraded shares of Janus Henderson Group from a buy rating to a hold rating and lowered their price objective for the stock from $35.00 to $31.00 in a report on Wednesday, August 1st. Citigroup downgraded shares of Janus Henderson Group from a buy rating to a neutral rating and lowered their price objective for the stock from $37.00 to $32.35 in a report on Thursday, August 2nd. ValuEngine downgraded shares of Janus Henderson Group from a hold rating to a sell rating in a report on Friday, June 1st. Finally, Credit Suisse Group restated an underperform rating and set a $29.00 price objective on shares of Janus Henderson Group in a report on Friday, August 24th. Four investment analysts have rated the stock with a sell rating and six have issued a hold rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $34.17.

JHG opened at $27.64 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.02 and a current ratio of 3.05. Janus Henderson Group has a 1-year low of $26.95 and a 1-year high of $41.64. The firm has a market cap of $5.62 billion, a price-to-earnings ratio of 10.24, a price-to-earnings-growth ratio of 0.98 and a beta of 1.37.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Wednesday, August 1st. The company reported $0.74 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.75 by ($0.01). Janus Henderson Group had a return on equity of 11.43% and a net margin of 37.79%. The business had revenue of $592.40 million for the quarter, compared to analyst estimates of $610.10 million. equities research analysts anticipate that Janus Henderson Group will post 2.88 earnings per share for the current year.

The company also recently announced a dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 13th were paid a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 10th. Janus Henderson Group’s payout ratio is 58.06%.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd bought a new stake in shares of Janus Henderson Group in the 2nd quarter worth $113,000. NumerixS Investment Technologies Inc bought a new stake in shares of Janus Henderson Group in the 2nd quarter worth $128,000. Itau Unibanco Holding S.A. bought a new stake in shares of Janus Henderson Group in the 2nd quarter worth $148,000. Assetmark Inc. bought a new stake in shares of Janus Henderson Group in the 1st quarter worth $169,000. Finally, Verition Fund Management LLC bought a new stake in shares of Janus Henderson Group in the 1st quarter worth $245,000. Hedge funds and other institutional investors own 53.58% 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.

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