Janus Henderson Group (NYSE:JHG) Rating Increased to Overweight at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Janus Henderson Group (NYSE:JHG) from a neutral rating to an overweight rating in a research note released on Wednesday morning, Marketbeat reports. The firm currently has $53.00 target price on the stock, up from their previous target price of $44.00.

Other research analysts have also recently issued reports about the stock. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. TD Cowen boosted their target price on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. UBS Group increased their price target on Janus Henderson Group from $42.00 to $45.00 and gave the company a “neutral” rating in a report on Monday. Wells Fargo & Company lifted their price objective on Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday. Finally, Morgan Stanley increased their target price on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, December 20th. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and an average price target of $46.75.

Janus Henderson Group Stock Performance

JHG stock opened at $45.94 on Wednesday. The stock’s 50 day simple moving average is $43.30 and its 200 day simple moving average is $40.38. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 12-month low of $29.64 and a 12-month high of $45.99. The stock has a market capitalization of $7.30 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 31st. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same quarter in the previous year, the firm earned $0.82 EPS. As a group, research analysts forecast that Janus Henderson Group will post 3.74 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 3.40%. The ex-dividend date of this dividend is Tuesday, February 11th. Janus Henderson Group’s dividend payout ratio is 60.94%.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently added to or reduced their stakes in the company. Quarry LP increased its stake in shares of Janus Henderson Group by 203.6% in the third quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after purchasing an additional 509 shares in the last quarter. UMB Bank n.a. increased its stake in Janus Henderson Group by 56.5% in the 4th quarter. UMB Bank n.a. now owns 787 shares of the company’s stock worth $33,000 after buying an additional 284 shares in the last quarter. Richardson Financial Services Inc. raised its holdings in Janus Henderson Group by 89.4% during the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock valued at $33,000 after acquiring an additional 363 shares during the period. Huntington National Bank lifted its position in shares of Janus Henderson Group by 24.5% in the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after acquiring an additional 240 shares in the last quarter. Finally, Addison Advisors LLC boosted its stake in shares of Janus Henderson Group by 103.4% in the third quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after acquiring an additional 642 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Company Profile

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.