Janus Henderson Group (NYSE:JHG) Downgraded to Hold Rating by Zacks Research

Janus Henderson Group (NYSE:JHG) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. Bank of America reaffirmed a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Evercore reduced their target price on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Morgan Stanley increased their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Finally, Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus target price of $48.29.

Janus Henderson Group Price Performance

NYSE JHG opened at $51.46 on Monday. Janus Henderson Group has a 52 week low of $28.68 and a 52 week high of $53.76. The firm has a market capitalization of $7.93 billion, a P/E ratio of 9.78, a PEG ratio of 1.47 and a beta of 1.50. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. The company has a 50-day moving average price of $50.24 and a 200-day moving average price of $46.87.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. During the same quarter in the prior year, the firm earned $1.07 EPS. The business’s revenue for the quarter was up 61.3% compared to the same quarter last year. Equities research analysts anticipate that Janus Henderson Group will post 3.75 earnings per share for the current year.

Insiders Place Their Bets

In other Janus Henderson Group news, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the transaction, the chief executive officer directly owned 449,078 shares in the company, valued at $22,058,711.36. This represents a 22.13% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CTO William B. Cassidy sold 16,947 shares of the company’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the transaction, the chief technology officer owned 118,939 shares of the company’s stock, valued at $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 146,229 shares of company stock worth $7,239,650 in the last three months. 20.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. boosted its stake in Janus Henderson Group by 29.9% in the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the period. Cibc World Market Inc. boosted its stake in Janus Henderson Group by 2.9% in the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock worth $375,000 after purchasing an additional 234 shares during the period. Addison Advisors LLC boosted its stake in Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after purchasing an additional 243 shares during the period. Inscription Capital LLC boosted its position in shares of Janus Henderson Group by 2.0% during the 4th quarter. Inscription Capital LLC now owns 13,938 shares of the company’s stock valued at $663,000 after acquiring an additional 279 shares during the last quarter. Finally, Integrated Advisors Network LLC boosted its position in shares of Janus Henderson Group by 4.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company’s stock valued at $308,000 after acquiring an additional 308 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors.

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.