Janus Henderson Group (NYSE:JHG) Price Target Increased to $42.00 by Analysts at Morgan Stanley

Janus Henderson Group (NYSE:JHG - Get Free Report) had its target price hoisted by investment analysts at Morgan Stanley from $39.00 to $42.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm presently has an "equal weight" rating on the stock. Morgan Stanley's price target indicates a potential upside of 1.93% from the company's previous close.

Several other brokerages have also recently weighed in on JHG. The Goldman Sachs Group lifted their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a "sell" rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the company a "hold" rating in a research note on Thursday, August 15th. TD Cowen raised their price objective on Janus Henderson Group from $37.00 to $38.00 and gave the stock a "buy" rating in a research note on Monday, July 8th. JPMorgan Chase & Co. upped their target price on Janus Henderson Group from $38.00 to $39.00 and gave the company a "neutral" rating in a research report on Friday, August 2nd. Finally, StockNews.com lowered Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Friday, August 16th. One 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 company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $38.13.

Janus Henderson Group Stock Performance

JHG stock traded up $0.53 during mid-day trading on Friday, hitting $41.21. 727,251 shares of the company were exchanged, compared to its average volume of 1,022,844. Janus Henderson Group has a 1-year low of $22.17 and a 1-year high of $41.47. The business has a 50 day simple moving average of $37.38 and a 200-day simple moving average of $34.90. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $6.56 billion, a PE ratio of 13.93, a price-to-earnings-growth ratio of 0.77 and a beta of 1.50.

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

Insiders Place Their Bets

In related news, major shareholder Henderson Group Plc Janus purchased 189,856 shares of the firm's stock in a transaction that occurred on Wednesday, July 24th. The shares were bought at an average cost of $3.20 per share, with a total value of $607,539.20. Following the acquisition, the insider now owns 2,081,168 shares of the company's stock, valued at $6,659,737.60. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, major shareholder Henderson Group Plc Janus acquired 189,856 shares of the business's stock in a transaction that occurred on Wednesday, July 24th. The shares were bought at an average price of $3.20 per share, with a total value of $607,539.20. Following the acquisition, the insider now directly owns 2,081,168 shares in the company, valued at $6,659,737.60. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the business's stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total value of $318,420.00. Following the sale, the chief financial officer now owns 139,171 shares in the company, valued at $4,923,869.98. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,651 shares of company stock valued at $918,158. 20.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Janus Henderson Group

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in shares of Janus Henderson Group by 0.5% during the first quarter. Vanguard Group Inc. now owns 13,652,673 shares of the company's stock valued at $449,036,000 after acquiring an additional 71,753 shares during the last quarter. Capital Research Global Investors raised its position in Janus Henderson Group by 1.2% during the 1st quarter. Capital Research Global Investors now owns 8,831,148 shares of the company's stock worth $290,456,000 after purchasing an additional 103,341 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Janus Henderson Group by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 8,090,743 shares of the company's stock worth $272,741,000 after purchasing an additional 344,582 shares during the last quarter. Millennium Management LLC lifted its holdings in Janus Henderson Group by 43.5% during the 2nd quarter. Millennium Management LLC now owns 5,968,705 shares of the company's stock worth $201,205,000 after buying an additional 1,809,249 shares during the period. Finally, Ariel Investments LLC grew its position in shares of Janus Henderson Group by 0.7% in the 2nd quarter. Ariel Investments LLC now owns 2,256,434 shares of the company's stock valued at $76,064,000 after buying an additional 16,653 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.