Wells Fargo & Company Forecasts Strong Price Appreciation for Janus Henderson Group (NYSE:JHG) Stock

Janus Henderson Group (NYSE:JHG - Free Report) had its price objective hoisted by Wells Fargo & Company from $43.00 to $46.00 in a research note released on Monday morning,Benzinga reports. The firm currently has an equal weight rating on the stock.

Several other equities research analysts also recently weighed in on JHG. UBS Group upped their target price on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. JPMorgan Chase & Co. cut their price target on Janus Henderson Group from $45.00 to $44.00 and set a "neutral" rating on the stock in a report on Tuesday, January 7th. TD Cowen raised their target price on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a "buy" rating in a report on Friday, November 1st. Morgan Stanley boosted their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an "equal weight" rating in a report on Friday, December 20th. Finally, Evercore ISI raised their price objective on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $46.75.

Janus Henderson Group Trading Down 0.3 %

NYSE JHG traded down $0.15 during trading hours on Monday, reaching $45.79. The company had a trading volume of 946,834 shares, compared to its average volume of 993,593. Janus Henderson Group has a 1-year low of $29.64 and a 1-year high of $46.68. The stock has a market capitalization of $7.28 billion, a P/E ratio of 17.89, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The stock has a 50-day moving average of $43.31 and a 200 day moving average of $40.42. 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 - Get Free Report) last posted its quarterly earnings data 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 return on equity of 12.18% and a net margin of 16.38%. During the same period in the prior year, the firm posted $0.82 EPS. As a group, research analysts anticipate that Janus Henderson Group will post 3.74 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Investors of record on Tuesday, February 11th will be given a $0.39 dividend. The ex-dividend date of this dividend is Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.41%. Janus Henderson Group's dividend payout ratio (DPR) is presently 60.94%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Quarry LP grew its position in shares of Janus Henderson Group by 203.6% during the third quarter. Quarry LP now owns 759 shares of the company's stock worth $29,000 after acquiring an additional 509 shares during the last quarter. Richardson Financial Services Inc. grew its position in Janus Henderson Group by 89.4% during the 4th quarter. Richardson Financial Services Inc. now owns 769 shares of the company's stock worth $33,000 after purchasing an additional 363 shares during the last quarter. UMB Bank n.a. grew its position in Janus Henderson Group by 56.5% during the 4th quarter. UMB Bank n.a. now owns 787 shares of the company's stock worth $33,000 after purchasing an additional 284 shares during the last quarter. Huntington National Bank increased its stake in Janus Henderson Group by 24.5% in the third quarter. Huntington National Bank now owns 1,219 shares of the company's stock valued at $46,000 after purchasing an additional 240 shares during the period. Finally, Addison Advisors LLC raised its holdings in shares of Janus Henderson Group by 103.4% in the third quarter. Addison Advisors LLC now owns 1,263 shares of the company's stock valued at $48,000 after buying an additional 642 shares during the last quarter. Institutional investors and hedge funds 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.