Wells Fargo & Company Cuts Janus Henderson Group (NYSE:JHG) Price Target to $36.00

Janus Henderson Group (NYSE:JHG) had its target price cut by equities research analysts at Wells Fargo & Company from $46.00 to $36.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “equal weight” rating on the stock. Wells Fargo & Company‘s price target would indicate a potential upside of 22.61% from the stock’s current price.

Several other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 25th. UBS Group raised Janus Henderson Group from a “neutral” rating to a “buy” rating and increased their price objective for the company from $45.00 to $50.00 in a report on Monday, February 24th. Bank of America upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and reduced their target price for the stock from $57.00 to $43.00 in a report on Thursday, April 3rd. JPMorgan Chase & Co. upgraded Janus Henderson Group from a “neutral” rating to an “overweight” rating and increased their price target for the company from $44.00 to $53.00 in a report on Wednesday, February 5th. Finally, Morgan Stanley boosted their price objective on shares of 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. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group currently has an average rating of “Hold” and an average target price of $45.33.

Janus Henderson Group Stock Down 1.1 %

Shares of JHG traded down $0.32 during midday trading on Tuesday, reaching $29.36. 3,210,095 shares of the stock were exchanged, compared to its average volume of 1,053,934. The company has a market cap of $4.63 billion, a price-to-earnings ratio of 11.47, a P/E/G ratio of 0.66 and a beta of 1.43. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. Janus Henderson Group has a 12-month low of $28.26 and a 12-month high of $46.68. The firm has a 50 day simple moving average of $40.06 and a 200-day simple moving average of $41.40.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, January 31st. The company reported $1.07 earnings per share 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 quarter last year, the firm earned $0.82 EPS. Research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in JHG. Quarry LP increased its stake in Janus Henderson Group by 203.6% during the third quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after acquiring an additional 509 shares during the period. UMB Bank n.a. increased its position in shares of Janus Henderson Group by 56.5% during the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock valued at $33,000 after purchasing an additional 284 shares during the period. Richardson Financial Services Inc. raised its stake in shares of Janus Henderson Group by 89.4% in the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock valued at $33,000 after purchasing an additional 363 shares in the last quarter. True Wealth Design LLC lifted its position in Janus Henderson Group by 66.9% in the fourth quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock worth $43,000 after purchasing an additional 409 shares during the period. Finally, Larson Financial Group LLC boosted its stake in Janus Henderson Group by 33.9% during the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock worth $48,000 after buying an additional 288 shares in the last quarter. Institutional investors and hedge funds 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.