JPMorgan Chase & Co. Boosts Janus Henderson Group (NYSE:JHG) Price Target to $36.00

Janus Henderson Group (NYSE:JHG) had its target price increased by JPMorgan Chase & Co. from $35.00 to $36.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has a neutral rating on the stock.

JHG has been the subject of a number of other research reports. StockNews.com raised Janus Henderson Group from a hold rating to a buy rating in a report on Thursday, February 29th. Morgan Stanley raised their target price on Janus Henderson Group from $30.00 to $33.00 and gave the stock an equal weight rating in a research note on Wednesday, April 17th. The Goldman Sachs Group increased their target price on Janus Henderson Group from $29.00 to $32.00 and gave the stock a sell rating in a report on Tuesday, April 2nd. UBS Group upped their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the stock a sell rating in a research note on Friday, April 12th. Finally, TD Cowen assumed coverage on Janus Henderson Group in a research report on Thursday, January 4th. They set a market perform rating and a $30.00 target price for the company. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, Janus Henderson Group presently has an average rating of Hold and a consensus price target of $28.93.

Janus Henderson Group Stock Up 1.3 %

Shares of JHG traded up $0.43 during midday trading on Friday, hitting $32.98. The stock had a trading volume of 734,958 shares, compared to its average volume of 1,095,932. The company has a 50 day simple moving average of $31.79 and a two-hundred day simple moving average of $29.22. Janus Henderson Group has a twelve month low of $22.17 and a twelve month high of $33.31. The firm has a market cap of $5.29 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.54 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.92 and a quick ratio of 2.64.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The business had revenue of $551.70 million during the quarter, compared to analysts’ expectations of $547.20 million. During the same period last year, the business earned $0.55 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, analysts anticipate that Janus Henderson Group will post 2.85 EPS for the current year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a dividend of $0.39 per share. The ex-dividend date is Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a yield of 4.73%. Janus Henderson Group’s dividend payout ratio (DPR) is 58.87%.

Insider Buying and Selling at Janus Henderson Group

In other news, insider Georgina Fogo sold 22,076 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the transaction, the insider now owns 101,623 shares of the company’s stock, valued at $3,143,199.39. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Georgina Fogo sold 22,076 shares of Janus Henderson Group stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the transaction, the insider now owns 101,623 shares in the company, valued at $3,143,199.39. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at $114,074.45. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 70,133 shares of company stock valued at $2,172,459. Insiders own 20.00% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hexagon Capital Partners LLC lifted its stake in shares of Janus Henderson Group by 72.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after buying an additional 509 shares during the period. Neo Ivy Capital Management purchased a new stake in Janus Henderson Group in the 3rd quarter worth approximately $39,000. EverSource Wealth Advisors LLC raised its position in shares of Janus Henderson Group by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock worth $39,000 after acquiring an additional 369 shares during the period. Headlands Technologies LLC purchased a new position in shares of Janus Henderson Group in the 4th quarter valued at about $52,000. Finally, Assetmark Inc. raised its stake in shares of Janus Henderson Group by 14.8% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $114,000 after buying an additional 567 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

About Janus Henderson Group

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.