Janus Henderson Group (NYSE:JHG) Downgraded by StockNews.com to Hold

StockNews.com cut shares of Janus Henderson Group (NYSE:JHG) from a buy rating to a hold rating in a research report released on Friday.

Several other equities analysts also recently weighed in on JHG. TD Cowen initiated coverage on Janus Henderson Group in a research report on Thursday, January 4th. They issued a market perform rating and a $30.00 target price on the stock. UBS Group boosted their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the stock a sell rating in a research note on Friday, April 12th. The Goldman Sachs Group lifted their target price on Janus Henderson Group from $29.00 to $32.00 and gave the stock a sell rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $35.00 to $36.00 and gave the stock a neutral rating in a research report on Friday. Finally, Morgan Stanley boosted their target price on shares of Janus Henderson Group from $30.00 to $33.00 and gave the stock an equal weight rating in a research report on Wednesday, April 17th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $28.93.

Janus Henderson Group Stock Up 1.3 %

NYSE JHG traded up $0.43 during midday trading on Friday, hitting $32.98. 734,958 shares of the company traded hands, compared to its average volume of 1,095,932. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.92 and a quick ratio of 2.64. The company has a market cap of $5.29 billion, a PE ratio of 12.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $33.31. The company’s 50-day simple moving average is $31.79 and its 200-day simple moving average is $29.22.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. The company had revenue of $551.70 million during the quarter, compared to analysts’ expectations of $547.20 million. During the same period last year, the business posted $0.55 earnings per share. The firm’s revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts forecast that Janus Henderson Group will post 2.85 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.73%. The ex-dividend date is Friday, May 10th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 58.87%.

Insider Buying and Selling

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the business’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the sale, the chief accounting officer now owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total transaction of $58,473.24. Following the completion of the transaction, the chief accounting officer now owns 3,535 shares of the company’s stock, valued at $114,074.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Roger Mj Thompson sold 30,656 shares of the business’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the completion of the sale, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 70,133 shares of company stock worth $2,172,459. Corporate insiders own 20.00% of the company’s stock.

Institutional Trading of Janus Henderson Group

A number of institutional investors have recently modified their holdings of JHG. Hexagon Capital Partners LLC boosted its stake in shares of Janus Henderson Group by 72.6% in the 4th quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after buying an additional 509 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Janus Henderson Group by 39.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after buying an additional 369 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Janus Henderson Group in the 3rd quarter valued at about $39,000. Headlands Technologies LLC bought a new position in Janus Henderson Group during the 4th quarter worth about $52,000. Finally, Assetmark Inc. grew its stake in Janus Henderson Group by 14.8% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $114,000 after purchasing an additional 567 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

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.