Wells Fargo & Company Cuts Janus Henderson Group (NYSE:JHG) Price Target to $43.00

Janus Henderson Group (NYSE:JHG - Get Free Report) had its target price dropped by investment analysts at Wells Fargo & Company from $45.00 to $43.00 in a report released on Tuesday,Benzinga reports. The brokerage currently has an "equal weight" rating on the stock. Wells Fargo & Company's target price indicates a potential upside of 5.06% from the stock's previous close.

Other analysts have also issued research reports about the stock. JPMorgan Chase & Co. dropped their price target on shares of Janus Henderson Group from $45.00 to $44.00 and set a "neutral" rating on the stock in a research report on Tuesday, January 7th. UBS Group lifted their price target on Janus Henderson Group from $37.00 to $41.00 and gave the company a "neutral" rating in a research note on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Janus Henderson Group from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. The Goldman Sachs Group upgraded Janus Henderson Group from a "sell" rating to a "neutral" rating and boosted their price objective for the company from $42.00 to $45.00 in a research report on Monday, January 6th. Finally, TD Cowen increased their target price on Janus Henderson Group from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $44.75.

Janus Henderson Group Stock Performance

Shares of NYSE JHG traded up $0.29 during trading on Tuesday, reaching $40.93. 1,075,488 shares of the company traded hands, compared to its average volume of 946,115. Janus Henderson Group has a 12-month low of $28.19 and a 12-month high of $45.74. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.09. The stock has a market cap of $6.51 billion, a P/E ratio of 16.18, a PEG ratio of 0.62 and a beta of 1.50. The firm's fifty day simple moving average is $43.71 and its 200 day simple moving average is $39.49.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. 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 earnings per share. Janus Henderson Group's quarterly revenue was up 19.9% on a year-over-year basis. As a group, research analysts anticipate that Janus Henderson Group will post 3.43 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Huntington National Bank grew its position 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 in the last quarter. Abich Financial Wealth Management LLC boosted its stake in Janus Henderson Group by 26.5% during the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company's stock worth $61,000 after buying an additional 377 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 in the last quarter. Assetmark Inc. grew its holdings in Janus Henderson Group by 9.1% in the 3rd quarter. Assetmark Inc. now owns 5,101 shares of the company's stock valued at $194,000 after buying an additional 425 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Janus Henderson Group by 24.6% in the 3rd 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. Hedge funds and other institutional investors own 87.94% of the company's stock.

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.