Janus Henderson Group (NYSE:JHG) Price Target Cut to $44.00 by Analysts at JPMorgan Chase & Co.

Janus Henderson Group (NYSE:JHG) had its target price reduced by JPMorgan Chase & Co. from $45.00 to $44.00 in a report released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

A number of other analysts have also issued reports on the company. The Goldman Sachs Group raised 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 research note on Monday. Wells Fargo & Company boosted their target price on shares of Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft raised their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. TD Cowen raised their target price on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, UBS Group raised their price target on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. Eight analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Janus Henderson Group currently has an average rating of “Hold” and a consensus target price of $45.00.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $42.05 on Tuesday. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. Janus Henderson Group has a 1 year low of $28.19 and a 1 year high of $45.74. The company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 16.62, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The company’s 50 day simple moving average is $43.72 and its 200-day simple moving average is $39.22.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The company had revenue of $624.80 million during the quarter, compared to the consensus estimate of $600.88 million. During the same quarter in the prior year, the firm posted $0.64 earnings per share. Janus Henderson Group’s revenue for the quarter was up 19.9% on a year-over-year basis. As a group, equities research analysts expect that Janus Henderson Group will post 3.43 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.71%. The ex-dividend date of this dividend was Wednesday, November 27th. Janus Henderson Group’s payout ratio is currently 61.66%.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently modified their holdings of JHG. Millennium Management LLC boosted its stake in shares of Janus Henderson Group by 43.5% during the second quarter. Millennium Management LLC now owns 5,968,705 shares of the company’s stock valued at $201,205,000 after purchasing an additional 1,809,249 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Janus Henderson Group by 350.9% in 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 acquiring an additional 827,132 shares in the last quarter. AQR Capital Management LLC lifted its position in Janus Henderson Group by 64.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,206,684 shares of the company’s stock valued at $40,677,000 after acquiring an additional 473,308 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Janus Henderson Group by 28.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock valued at $79,248,000 after purchasing an additional 467,049 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in Janus Henderson Group by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company’s stock worth $272,741,000 after purchasing an additional 344,582 shares during 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.