Janus Henderson Group (NYSE:JHG) Given Hold Rating at TD Cowen

Janus Henderson Group (NYSE:JHG)‘s stock had its “hold” rating reaffirmed by TD Cowen in a report released on Tuesday,Benzinga reports. They currently have a $49.00 target price on the stock. TD Cowen’s price target would indicate a potential upside of 3.29% from the company’s current price.

A number of other brokerages have also recently commented on JHG. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday. Evercore ISI set a $49.00 price objective on shares of Janus Henderson Group in a research note on Monday. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Cowen lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Janus Henderson Group in a research note on Monday, December 8th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $47.78.

Janus Henderson Group Stock Up 3.1%

JHG stock opened at $47.44 on Tuesday. The stock has a market cap of $7.33 billion, a P/E ratio of 13.91, a PEG ratio of 0.81 and a beta of 1.57. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a twelve month low of $28.26 and a twelve month high of $49.42. The company’s 50 day moving average is $43.77 and its two-hundred day moving average is $42.74.

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. The business had revenue of $700.40 million during the quarter, compared to the consensus estimate of $695.57 million. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The business’s quarterly revenue was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. Research analysts expect that Janus Henderson Group will post 3.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cibc World Market Inc. lifted its stake in shares of Janus Henderson Group by 2.9% in the third quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after purchasing an additional 234 shares during the period. AMG National Trust Bank increased its holdings in Janus Henderson Group by 0.9% in the second quarter. AMG National Trust Bank now owns 26,738 shares of the company’s stock valued at $1,039,000 after buying an additional 237 shares in the last quarter. Addison Advisors LLC lifted its position in shares of Janus Henderson Group by 42.3% during the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 243 shares during the period. J. W. Coons Advisors LLC boosted its stake in shares of Janus Henderson Group by 2.5% during the 2nd quarter. J. W. Coons Advisors LLC now owns 10,663 shares of the company’s stock worth $414,000 after acquiring an additional 265 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Janus Henderson Group by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock worth $192,000 after acquiring an additional 274 shares during the period. Institutional investors and hedge funds own 87.94% of the company’s stock.

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.