Janus Henderson Group (NYSE:JHG) Upgraded by The Goldman Sachs Group to "Neutral" Rating

Janus Henderson Group (NYSE:JHG - Get Free Report) was upgraded by equities researchers at The Goldman Sachs Group from a "sell" rating to a "neutral" rating in a note issued to investors on Monday, Marketbeat Ratings reports. The brokerage presently has a $45.00 price objective on the stock, up from their prior price objective of $42.00. The Goldman Sachs Group's price objective would suggest a potential upside of 4.09% from the stock's previous close.

Several other research firms have also recently issued reports on JHG. UBS Group raised their price objective on Janus Henderson Group from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Evercore ISI raised their price target on Janus Henderson Group from $40.00 to $43.00 and gave the stock an "in-line" rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price target on Janus Henderson Group from $41.00 to $45.00 and gave the company an "equal weight" rating in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a "hold" rating in a report on Monday, November 11th. Finally, TD Cowen boosted 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. 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, the stock presently has an average rating of "Hold" and an average price target of $44.38.

Janus Henderson Group Price Performance

JHG stock traded down $0.26 during trading on Monday, hitting $43.23. The stock had a trading volume of 1,039,352 shares, compared to its average volume of 889,917. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 17.09, a price-to-earnings-growth ratio of 0.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The company's 50 day moving average price is $43.65 and its two-hundred day moving average price is $39.10. Janus Henderson Group has a 1-year low of $28.19 and a 1-year high of $45.74.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating 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 business had revenue of $624.80 million during the quarter, compared to analyst estimates of $600.88 million. During the same quarter in the previous year, the business posted $0.64 earnings per share. The company's revenue was up 19.9% on a year-over-year basis. On average, sell-side analysts forecast that Janus Henderson Group will post 3.43 EPS for the current fiscal year.

Institutional Trading of Janus Henderson Group

Several large investors have recently added to or reduced their stakes in the stock. Huntington National Bank boosted its stake in shares of 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. Abich Financial Wealth Management LLC boosted its position in Janus Henderson Group by 26.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company's stock valued at $61,000 after buying an additional 377 shares during the last quarter. GAMMA Investing LLC boosted its position in Janus Henderson Group by 15.7% in the 3rd quarter. GAMMA Investing LLC now owns 2,822 shares of the company's stock valued at $107,000 after buying an additional 382 shares during the last quarter. Assetmark Inc. grew its stake in shares of Janus Henderson Group by 9.1% during the third quarter. Assetmark Inc. now owns 5,101 shares of the company's stock valued at $194,000 after acquiring an additional 425 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of Janus Henderson Group by 24.6% during the third quarter. Blue Trust Inc. now owns 2,236 shares of the company's stock worth $85,000 after acquiring an additional 442 shares during the last quarter. 87.94% of the stock is currently 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.