Janus Henderson Group (JHG) Stock Rating Lowered by Morgan Stanley

Janus Henderson Group (NYSE:JHG) was downgraded by research analysts at Morgan Stanley from an “overweight” rating to an “equal weight” rating in a research report issued on Friday, The Fly reports.

Other analysts have also issued reports about the stock. TheStreet lowered shares of Janus Henderson Group from a “c-” rating to a “d+” rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded shares of Janus Henderson Group from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Deutsche Bank lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $35.00 to $31.00 in a report on Wednesday, August 1st. Citigroup lowered shares of Janus Henderson Group from a “buy” rating to a “neutral” rating and lowered their target price for the company from $37.00 to $32.35 in a report on Thursday, August 2nd. Finally, ValuEngine lowered shares of Janus Henderson Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Three research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and an average target price of $33.56.

Shares of JHG opened at $23.57 on Friday. The company has a quick ratio of 2.00, a current ratio of 2.89 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a one year low of $22.66 and a one year high of $41.64. The stock has a market capitalization of $4.68 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.83 and a beta of 1.29.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.69 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.69. Janus Henderson Group had a net margin of 37.59% and a return on equity of 11.67%. The business had revenue of $581.20 million during the quarter, compared to analyst estimates of $586.45 million. During the same period last year, the business posted $0.56 earnings per share. Janus Henderson Group’s quarterly revenue was up 27.8% compared to the same quarter last year. Sell-side analysts predict that Janus Henderson Group will post 2.86 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in JHG. State of Alaska Department of Revenue purchased a new position in shares of Janus Henderson Group during the second quarter valued at approximately $772,000. Bank of Montreal Can purchased a new position in shares of Janus Henderson Group during the second quarter valued at approximately $297,000. Virginia Retirement Systems ET AL bought a new stake in shares of Janus Henderson Group during the second quarter valued at approximately $1,315,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Janus Henderson Group during the second quarter valued at approximately $1,496,000. Finally, HL Financial Services LLC increased its position in shares of Janus Henderson Group by 9.6% during the second quarter. HL Financial Services LLC now owns 84,949 shares of the company’s stock valued at $2,610,000 after acquiring an additional 7,425 shares in the last quarter. Hedge funds and other institutional investors own 56.67% 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.

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