Janus Henderson Group (JHG) Stock Rating Upgraded by Zacks Investment Research

Janus Henderson Group (NYSE:JHG) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Saturday.

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. “

JHG has been the subject of a number of other reports. Deutsche Bank downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $35.00 to $31.00 in a report on Wednesday, August 1st. Citigroup downgraded Janus Henderson Group from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $37.00 to $32.35 in a report on Thursday, August 2nd. TheStreet downgraded Janus Henderson Group from a “c-” rating to a “d+” rating in a report on Tuesday, October 2nd. ValuEngine downgraded Janus Henderson Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. Finally, Credit Suisse Group restated an “underperform” rating and set a $29.00 price objective on shares of Janus Henderson Group in a report on Friday, August 24th. Three investment analysts have rated the stock with a sell rating and five have assigned a hold rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $33.56.

JHG stock opened at $24.06 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 9.70, a PEG ratio of 0.84 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.05 and a quick ratio of 2.02. Janus Henderson Group has a 52 week low of $22.86 and a 52 week high of $41.64.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, November 1st. The company reported $0.69 EPS for the quarter, hitting analysts’ consensus estimates of $0.69. The business had revenue of $581.20 million during the quarter, compared to the consensus estimate of $586.45 million. Janus Henderson Group had a return on equity of 11.67% and a net margin of 37.59%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.56 EPS. On average, analysts forecast that Janus Henderson Group will post 2.87 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Virginia Retirement Systems ET AL increased its holdings in Janus Henderson Group by 5.1% in the 3rd quarter. Virginia Retirement Systems ET AL now owns 45,000 shares of the company’s stock valued at $1,213,000 after purchasing an additional 2,200 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Janus Henderson Group by 23.5% in the 1st quarter. Russell Investments Group Ltd. now owns 12,019 shares of the company’s stock valued at $396,000 after purchasing an additional 2,287 shares in the last quarter. American International Group Inc. increased its holdings in Janus Henderson Group by 0.7% in the 2nd quarter. American International Group Inc. now owns 359,666 shares of the company’s stock valued at $11,053,000 after purchasing an additional 2,602 shares in the last quarter. Arizona State Retirement System increased its holdings in Janus Henderson Group by 2.6% in the 2nd quarter. Arizona State Retirement System now owns 125,229 shares of the company’s stock valued at $3,848,000 after purchasing an additional 3,200 shares in the last quarter. Finally, Qube Research & Technologies Ltd acquired a new stake in Janus Henderson Group in the 2nd quarter valued at $113,000. Hedge funds and other institutional investors own 53.55% 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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