Janus Henderson Group (NYSE:JHG) Upgraded by Bank of America to "Buy" Rating

Janus Henderson Group (NYSE:JHG - Get Free Report) was upgraded by Bank of America from a "neutral" rating to a "buy" rating in a research report issued on Thursday, MarketBeat Ratings reports. The brokerage presently has a $43.00 target price on the stock, down from their previous target price of $57.00. Bank of America's price target would suggest a potential upside of 41.03% from the company's current price.

A number of other analysts have also issued reports on the stock. UBS Group upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and lifted their price objective for the company from $45.00 to $50.00 in a research note on Monday, February 24th. Morgan Stanley lifted 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 research note on Friday, December 20th. StockNews.com cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Wells Fargo & Company raised their target price on Janus Henderson Group from $43.00 to $46.00 and gave the company an "equal weight" rating in a research note on Monday, February 3rd. Finally, The Goldman Sachs Group upgraded Janus Henderson Group from a "sell" rating to a "neutral" rating and boosted their price target for the stock from $42.00 to $45.00 in a research note on Monday, January 6th. Six equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $46.44.

Janus Henderson Group Trading Up 2.7 %

Shares of Janus Henderson Group stock traded up $0.81 during trading hours on Thursday, hitting $30.49. The company's stock had a trading volume of 1,093,369 shares, compared to its average volume of 1,234,545. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $4.80 billion, a PE ratio of 11.90, a P/E/G ratio of 0.66 and a beta of 1.43. The business has a fifty day moving average of $40.06 and a 200 day moving average of $41.40. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Friday, January 31st. The company reported $1.07 EPS for the quarter, topping analysts' consensus estimates 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 quarter in the previous year, the firm earned $0.82 EPS. As a group, equities analysts forecast that Janus Henderson Group will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of JHG. KBC Group NV lifted its holdings in Janus Henderson Group by 63.6% in the fourth quarter. KBC Group NV now owns 4,546 shares of the company's stock worth $193,000 after acquiring an additional 1,768 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Janus Henderson Group by 17.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,218 shares of the company's stock worth $3,977,000 after purchasing an additional 13,942 shares during the last quarter. Merit Financial Group LLC acquired a new position in Janus Henderson Group during the 4th quarter valued at approximately $413,000. Delphi Management Inc. MA bought a new position in Janus Henderson Group during the 4th quarter worth $1,419,000. Finally, Nordea Investment Management AB grew its stake in Janus Henderson Group by 6.9% during the 4th quarter. Nordea Investment Management AB now owns 233,601 shares of the company's stock worth $9,979,000 after buying an additional 14,996 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

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.