Zacks Investment Research upgraded shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a buy rating in a research note released on Monday, Zacks.com reports. The brokerage currently has $36.00 price objective on the stock.
According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “
A number of other research firms have also commented on JHG. The Goldman Sachs Group lowered Janus Henderson Group from a neutral rating to a sell rating and increased their price target for the company from $28.50 to $29.00 in a research report on Tuesday, January 5th. Credit Suisse Group upped their price objective on Janus Henderson Group from $30.00 to $32.00 and gave the company a neutral rating in a research note on Friday, February 5th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $26.49.
Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, February 4th. The company reported $1.04 EPS for the quarter, beating analysts’ consensus estimates of $0.75 by $0.29. The business had revenue of $657.20 million during the quarter, compared to analyst estimates of $607.43 million. Janus Henderson Group had a return on equity of 10.41% and a net margin of 3.71%. Janus Henderson Group’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 EPS. As a group, sell-side analysts predict that Janus Henderson Group will post 2.75 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 3rd. Shareholders of record on Wednesday, February 17th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, February 16th. This represents a $1.44 dividend on an annualized basis and a yield of 4.33%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 58.30%.
Several hedge funds have recently bought and sold shares of the company. North Star Investment Management Corp. grew its stake in shares of Janus Henderson Group by 6.5% during the 4th quarter. North Star Investment Management Corp. now owns 11,924 shares of the company’s stock worth $388,000 after acquiring an additional 731 shares during the period. Van ECK Associates Corp grew its stake in shares of Janus Henderson Group by 17.4% during the 4th quarter. Van ECK Associates Corp now owns 5,090 shares of the company’s stock worth $165,000 after acquiring an additional 754 shares during the period. Freedman Financial Associates Inc. bought a new position in shares of Janus Henderson Group during the 4th quarter worth $28,000. ProShare Advisors LLC grew its stake in shares of Janus Henderson Group by 6.6% during the 4th quarter. ProShare Advisors LLC now owns 21,727 shares of the company’s stock worth $706,000 after acquiring an additional 1,341 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Janus Henderson Group by 4.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 34,022 shares of the company’s stock worth $1,106,000 after acquiring an additional 1,407 shares during the period. Institutional investors own 77.17% of the company’s stock.
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.
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