Morgan Stanley Forecasts Strong Price Appreciation for Janus Henderson Group (NYSE:JHG) Stock

Janus Henderson Group (NYSE:JHG - Get Free Report) had its price target lifted by equities researchers at Morgan Stanley from $46.00 to $48.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has an "equal weight" rating on the stock. Morgan Stanley's price target points to a potential upside of 12.81% from the company's current price.

Several other research analysts have also recently issued reports on the company. TD Cowen raised their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. The Goldman Sachs Group raised their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a "sell" rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a "hold" rating in a report on Monday, November 11th. Evercore ISI raised their target price on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an "in-line" rating in a report on Thursday, November 7th. Finally, Wells Fargo & Company upped their price target on shares of Janus Henderson Group from $41.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $43.38.

Janus Henderson Group Stock Up 2.0 %

NYSE JHG traded up $0.85 during trading on Friday, hitting $42.55. The company's stock had a trading volume of 3,184,668 shares, compared to its average volume of 1,035,667. Janus Henderson Group has a fifty-two week low of $28.19 and a fifty-two week high of $45.74. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 2.08. The company has a market cap of $6.77 billion, a PE ratio of 16.82, a P/E/G ratio of 0.62 and a beta of 1.48. The business's 50 day simple moving average is $43.00 and its 200-day simple moving average is $38.25.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping analysts' consensus estimates 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 analysts' expectations of $600.88 million. During the same period last year, the business earned $0.64 EPS. Janus Henderson Group's revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities analysts anticipate that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus Henderson Group

A number of hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. boosted its holdings in Janus Henderson Group by 28.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company's stock worth $79,248,000 after buying an additional 467,049 shares during the last quarter. DGS Capital Management LLC raised its holdings in shares of Janus Henderson Group by 5.4% during the third quarter. DGS Capital Management LLC now owns 14,032 shares of the company's stock valued at $534,000 after acquiring an additional 713 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Janus Henderson Group by 11.7% in the third quarter. Franklin Resources Inc. now owns 478,249 shares of the company's stock valued at $19,106,000 after acquiring an additional 50,221 shares in the last quarter. World Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group in the third quarter worth approximately $253,000. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Janus Henderson Group during the third quarter worth approximately $204,000. 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.