Janus Henderson Group (NYSE:JHG) Sees Large Volume Increase – Time to Buy?

Janus Henderson Group plc (NYSE:JHG) shares saw an uptick in trading volume on Monday . 2,236,297 shares were traded during mid-day trading, an increase of 79% from the previous session’s volume of 1,250,207 shares.The stock last traded at $47.5750 and had previously closed at $46.02.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. BMO Capital Markets initiated coverage on shares of Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 price target on the stock. TD Cowen upped their price objective on Janus Henderson Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, October 31st. Morgan Stanley increased their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday. Evercore ISI reissued a “positive” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Janus Henderson Group in a report on Monday, December 8th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.56.

Janus Henderson Group Stock Up 3.3%

The company has a market capitalization of $7.35 billion, a price-to-earnings ratio of 13.95, a PEG ratio of 0.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. The business has a 50-day simple moving average of $43.69 and a two-hundred day simple moving average of $42.66.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. The firm had revenue of $700.40 million during the quarter, compared to the consensus estimate of $695.57 million. During the same period last year, the firm posted $0.91 EPS. The firm’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, equities analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.4%. Janus Henderson Group’s payout ratio is 46.92%.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors have recently made changes to their positions in JHG. Norges Bank acquired a new stake in Janus Henderson Group in the second quarter worth about $86,180,000. AQR Capital Management LLC lifted its stake in shares of Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after acquiring an additional 1,773,964 shares during the period. Millennium Management LLC lifted its stake in shares of Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after acquiring an additional 1,154,481 shares during the period. Clark Capital Management Group Inc. boosted its holdings in shares of Janus Henderson Group by 101.2% in the third quarter. Clark Capital Management Group Inc. now owns 1,829,676 shares of the company’s stock valued at $81,439,000 after acquiring an additional 920,477 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in shares of Janus Henderson Group during the third quarter valued at approximately $26,409,000. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.