Analysts Set Janus Henderson Group plc (NYSE:JHG) Target Price at $49.40

Janus Henderson Group plc (NYSE:JHG) has earned an average recommendation of “Hold” from the seven ratings firms that are currently covering the company, Marketbeat.com reports. Five analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $49.40.

A number of brokerages recently commented on JHG. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th.

Institutional Investors Weigh In On Janus Henderson Group

A number of large investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in Janus Henderson Group in the first quarter worth about $25,000. V Square Quantitative Management LLC bought a new stake in Janus Henderson Group during the 4th quarter valued at approximately $25,000. Elevation Wealth Partners LLC grew its holdings in shares of Janus Henderson Group by 215.2% during the 2nd quarter. Elevation Wealth Partners LLC now owns 561 shares of the company’s stock worth $29,000 after acquiring an additional 383 shares during the period. Empowered Funds LLC purchased a new position in shares of Janus Henderson Group during the 4th quarter worth approximately $33,000. Finally, Larson Financial Group LLC grew its holdings in shares of Janus Henderson Group by 108.0% during the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after acquiring an additional 406 shares during the period. Institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

JHG opened at $51.95 on Friday. Janus Henderson Group has a one year low of $38.67 and a one year high of $53.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. The business has a 50 day simple moving average of $51.86 and a two-hundred day simple moving average of $50.72. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 5.78 and a beta of 1.35.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business had revenue of $541.60 million during the quarter, compared to the consensus estimate of $560.37 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. Janus Henderson Group’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts predict that Janus Henderson Group will post 4.39 EPS for the current year.

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.