Janus Henderson Group (NYSE:JHG) Raised to “Buy” at Bank of America

Janus Henderson Group (NYSE:JHG) was upgraded by stock analysts at Bank of America from a “neutral” rating to a “buy” rating in a note issued to investors on Thursday,Briefing.com Automated Import reports. The firm presently has a $43.00 price target on the stock. Bank of America‘s price target would suggest a potential upside of 16.75% from the stock’s current price.

A number of other equities analysts have also recently weighed in on the company. Wells Fargo & Company upped their price target on Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a report on Monday, February 3rd. Morgan Stanley lifted their price target on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. The Goldman Sachs Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price target for the stock from $42.00 to $45.00 in a report on Monday, January 6th. StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. Finally, UBS Group upgraded shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $45.00 to $50.00 in a report on Monday, February 24th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus price target of $46.89.

Janus Henderson Group Stock Up 1.4 %

Shares of JHG stock opened at $36.83 on Thursday. 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 twelve month low of $30.35 and a twelve month high of $46.68. The stock has a 50 day moving average of $40.80 and a 200 day moving average of $41.52. The stock has a market cap of $5.80 billion, a P/E ratio of 14.39, a P/E/G ratio of 0.66 and a beta of 1.43.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Friday, January 31st. The company reported $1.07 earnings per share (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 in the previous year, the company posted $0.82 earnings per share. As a group, sell-side analysts expect that Janus Henderson Group will post 3.75 EPS for the current year.

Hedge Funds Weigh In On Janus Henderson Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in Janus Henderson Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 14,148,813 shares of the company’s stock valued at $601,749,000 after acquiring an additional 203,330 shares in the last quarter. Millennium Management LLC raised its holdings 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 purchasing an additional 1,399,781 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Janus Henderson Group by 3.3% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,593,441 shares of the company’s stock worth $195,359,000 after purchasing an additional 147,362 shares during the last quarter. Northern Trust Corp lifted its position in shares of Janus Henderson Group by 8.4% during the 4th quarter. Northern Trust Corp now owns 2,320,796 shares of the company’s stock worth $98,703,000 after purchasing an additional 180,726 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of Janus Henderson Group by 0.6% during the third quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company’s stock worth $80,907,000 after purchasing an additional 12,884 shares in the last quarter. 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.