Janus Henderson Group plc (NYSE:JHG) Receives Consensus 'Hold' Rating from Analysts
Janus Henderson Group plc (NYSE:JHG - Get Free Report) has recently attracted attention in the investment community. According to Marketbeat Ratings, a consensus rating of "Hold" has been assigned to the company by eight different rating firms that are currently covering the stock. Out of these firms, six analysts suggest a hold rating, while two have given a buy rating.
The average price target projected by analysts who have rated Janus Henderson Group over the previous year stands at $46.75. This suggests that the shares have potential growth ahead, though caution is advised given the hold ratings.
Analyst Insights
Recently, several research firms have provided updates regarding Janus Henderson Group's stock. For instance, Wells Fargo & Company increased their target price from $43.00 to $46.00 while maintaining an "equal weight" rating as detailed in their report on February 3rd. The Goldman Sachs Group also made notable changes by upgrading Janus Henderson from a "sell" to a "neutral" rating and raising their price objective from $42.00 to $45.00 on January 6th.
Furthermore, Evercore ISI revised their target from $40.00 to $43.00 and issued an "in-line" rating on November 7th. UBS Group and Deutsche Bank also increased their price targets, with UBS raising it from $42.00 to $45.00 on February 3rd, while Deutsche Bank adjusted their target from $42.00 to $44.00, maintaining a "hold" rating as of November 11th.
Institutional Investments
There have been notable changes in institutional holdings of Janus Henderson Group. Quarry LP significantly increased its stake by 203.6% in the third quarter, now owning 759 shares valued at approximately $29,000 after acquiring additional shares. Meanwhile, UMB Bank n.a. raised its stake by 56.5% in the fourth quarter and now holds 787 shares worth $33,000 after adding to their position.
Other institutional investors such as Richardson Financial Services Inc. and Huntington National Bank have also boosted their holdings, with Richardson increasing its stake by 89.4% in the fourth quarter, and Huntington National Bank raising theirs by 24.5% in the third quarter. Overall, institutional and hedge fund investors collectively own around 87.94% of Janus Henderson Group plc's stock.
Stock Performance and Fundamentals
As of the last trading day, Janus Henderson Group (NYSE:JHG) opened at $45.32. The company has a favorable debt-to-equity ratio of 0.08, along with a quick ratio of 2.08 and a current ratio of 3.08. The stock boasts a market capitalization of $7.21 billion and carries a PE ratio of 17.70 along with a P/E/G ratio of 0.71.
Regarding performance over the past year, Janus Henderson Group has seen fluctuations, hitting a low of $29.64 and a high of $46.68. The company has also been performing well with a fifty-day moving average of $43.32 and a two-hundred day average of $40.52.
Earnings Report and Dividends
Janus Henderson Group recently announced its earnings results on January 31st. The company recorded an EPS of $1.07 for the quarter, surpassing analyst estimates of $0.94 by $0.13. The net margin for the company stood at 16.38% with a return on equity of 12.18%, compared to earnings of $0.82 per share from the same quarter last year.
Looking forward, analysts project that Janus Henderson Group will report earnings of approximately 3.74 per share for the current fiscal year.
Additionally, the company has disclosed a quarterly dividend, set to be paid on February 27th, with $0.39 per share for shareholders of record on February 11th. This dividend delivery indicates an annualized dividend of $1.56, yielding 3.44%, with a payout ratio of 60.94%.
Company Overview
Janus Henderson Group plc operates as an asset management holding company. It provides a variety of services through its subsidiaries to institutional clients, retail clients, and high-net-worth individuals. The firm manages distinct client-focused portfolios, including equity and fixed-income portfolios, along with balanced mutual funds.
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