Janus Henderson Group (NYSE:JHG) Downgraded to “Hold” Rating by StockNews.com

StockNews.com downgraded shares of Janus Henderson Group (NYSE:JHG) from a buy rating to a hold rating in a research report report published on Tuesday morning.

Several other research analysts have also recently weighed in on JHG. Morgan Stanley lifted their price target on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $44.00 to $53.00 in a research note on Wednesday, February 5th. Wells Fargo & Company increased their price target on Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $45.00 to $50.00 in a report on Monday, February 24th. Finally, The Goldman Sachs Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and lifted their price target for the company from $42.00 to $45.00 in a research note on Monday, January 6th. Six analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $47.38.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $37.06 on Tuesday. The stock has a market cap of $5.84 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 0.66 and a beta of 1.49. Janus Henderson Group has a 12 month low of $30.35 and a 12 month high of $46.68. The company has a 50 day simple moving average of $41.34 and a two-hundred day simple moving average of $41.47. 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 (NYSE:JHG) last posted its quarterly earnings results 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 net margin of 16.38% and a return on equity of 12.18%. During the same period last year, the business earned $0.82 EPS. As a group, analysts predict that Janus Henderson Group will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a $0.39 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a dividend yield of 4.21%. Janus Henderson Group’s dividend payout ratio is currently 60.94%.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors have recently modified their holdings of JHG. Norges Bank acquired a new stake in Janus Henderson Group during the 4th quarter worth approximately $83,525,000. Castlekeep Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group in the fourth quarter valued at $74,989,000. Millennium Management LLC boosted its stake in shares of Janus Henderson Group by 23.9% in the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company’s stock valued at $308,242,000 after buying an additional 1,399,781 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Janus Henderson Group by 350.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,062,869 shares of the company’s stock worth $40,463,000 after buying an additional 827,132 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Janus Henderson Group by 113.7% during the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company’s stock worth $42,981,000 after buying an additional 537,700 shares during the period. 87.94% of the stock is owned by institutional investors and hedge funds.

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.