Janus Henderson Group (NYSE:JHG) Reaches New 12-Month High - What's Next?

Janus Henderson Group plc (NYSE:JHG - Get Free Report)'s stock price reached a new 52-week high during trading on Wednesday . The company traded as high as $41.59 and last traded at $41.05, with a volume of 144454 shares. The stock had previously closed at $41.01.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on JHG. StockNews.com downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Friday, August 16th. Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 9th. Morgan Stanley increased their target price on Janus Henderson Group from $39.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Friday, October 18th. UBS Group raised their target price on Janus Henderson Group from $37.00 to $41.00 and gave the stock a "neutral" rating in a research note on Tuesday, October 22nd. Finally, Evercore ISI increased their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock an "in-line" rating in a report on Friday, October 4th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $38.63.

Janus Henderson Group Stock Up 0.4 %

The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05. The stock's 50 day moving average price is $38.21 and its 200-day moving average price is $35.42. The company has a market cap of $6.61 billion, a PE ratio of 15.54, a PEG ratio of 0.76 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.11. The company had revenue of $588.40 million during the quarter, compared to analysts' expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. Janus Henderson Group's quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.62 EPS. On average, analysts predict that Janus Henderson Group plc will post 3.26 earnings per share for the current year.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 9,000 shares of the company's stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the completion of the transaction, the chief financial officer now owns 139,171 shares of the company's stock, valued at $4,923,869.98. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the company's stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the sale, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total transaction of $318,420.00. Following the transaction, the chief financial officer now owns 139,171 shares of the company's stock, valued at $4,923,869.98. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 25,651 shares of company stock worth $918,158 in the last three months. 19.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds have recently added to or reduced their stakes in JHG. Duality Advisers LP purchased a new position in Janus Henderson Group in the 1st quarter worth about $2,741,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Janus Henderson Group by 163.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,083 shares of the company's stock worth $1,549,000 after buying an additional 29,181 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Janus Henderson Group by 77.7% in the first quarter. Russell Investments Group Ltd. now owns 251,853 shares of the company's stock worth $8,283,000 after acquiring an additional 110,136 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its position in Janus Henderson Group by 33.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,173 shares of the company's stock valued at $4,052,000 after acquiring an additional 31,261 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Janus Henderson Group by 177.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 208,686 shares of the company's stock valued at $6,865,000 after acquiring an additional 133,356 shares during the period. 87.94% of the stock is owned by institutional investors.

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.