Janus Henderson Group (NYSE:JHG) Issues Earnings Results

Janus Henderson Group (NYSE:JHG) announced its quarterly earnings results on Friday. The company reported $2.01 EPS for the quarter, topping the consensus estimate of $1.19 by $0.82, FiscalAI reports. The company had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The firm’s revenue was up 61.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.07 earnings per share.

Janus Henderson Group Stock Up 0.4%

Shares of JHG stock traded up $0.20 during trading hours on Friday, hitting $48.13. 736,747 shares of the company were exchanged, compared to its average volume of 1,325,875. The stock has a market capitalization of $7.43 billion, a price-to-earnings ratio of 14.12, a P/E/G ratio of 0.79 and a beta of 1.54. Janus Henderson Group has a one year low of $28.26 and a one year high of $49.42. The business’s 50-day simple moving average is $46.39 and its two-hundred day simple moving average is $44.53. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Janus Henderson Group by 38.3% during the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock valued at $4,163,000 after acquiring an additional 31,889 shares during the period. Amundi grew its holdings in Janus Henderson Group by 13.8% during the first quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after acquiring an additional 506 shares during the period. Jones Financial Companies Lllp boosted its position in shares of Janus Henderson Group by 1,538.8% during the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after purchasing an additional 8,294 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Janus Henderson Group by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after buying an additional 186,218 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Janus Henderson Group by 1,924.0% in the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after acquiring an additional 265,550 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on JHG. Bank of America restated a “neutral” rating and issued a $49.00 price target (down previously from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley raised their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. BMO Capital Markets began coverage on Janus Henderson Group in a research report on Friday, October 3rd. They issued an “outperform” rating and a $52.00 target price for the company. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, Janus Henderson Group has a consensus rating of “Hold” and a consensus target price of $47.67.

About Janus Henderson Group

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.