Janus Henderson Group’s (JHG) Hold Rating Reaffirmed at Gabelli

Gabelli restated their hold rating on shares of Janus Henderson Group (NYSE:JHG) in a research report released on Thursday morning, Zacks.com reports.

A number of other research firms have also weighed in on JHG. Citigroup decreased their target price on Janus Henderson Group from $25.50 to $23.55 and set a neutral rating on the stock in a report on Tuesday, July 9th. Bank of America set a $24.00 target price on Janus Henderson Group and gave the stock a sell rating in a report on Tuesday, April 9th. Goldman Sachs Group lowered Janus Henderson Group from a neutral rating to a sell rating in a report on Friday, May 3rd. JPMorgan Chase & Co. lowered Janus Henderson Group from an overweight rating to a neutral rating in a report on Thursday, April 11th. Finally, ValuEngine lowered Janus Henderson Group from a sell rating to a strong sell rating in a report on Tuesday, April 9th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the stock. The company has a consensus rating of Hold and an average target price of $26.85.

Shares of Janus Henderson Group stock traded up $0.18 on Thursday, reaching $19.38. 1,753,570 shares of the company were exchanged, compared to its average volume of 1,121,427. Janus Henderson Group has a one year low of $19.00 and a one year high of $30.03. The firm has a market cap of $3.92 billion, a P/E ratio of 7.07, a price-to-earnings-growth ratio of 1.08 and a beta of 1.22. The company has a quick ratio of 1.94, a current ratio of 2.74 and a debt-to-equity ratio of 0.07. The firm’s 50-day moving average is $21.92.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Wednesday, July 31st. The company reported $0.61 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.05). Janus Henderson Group had a return on equity of 9.97% and a net margin of 19.32%. The company had revenue of $525.90 million for the quarter, compared to the consensus estimate of $539.37 million. During the same quarter in the prior year, the company earned $0.74 EPS. The company’s revenue for the quarter was down 11.2% on a year-over-year basis. Analysts anticipate that Janus Henderson Group will post 2.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 7.43%. The ex-dividend date is Friday, August 9th. Janus Henderson Group’s dividend payout ratio is 52.55%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Yorktown Management & Research Co Inc acquired a new position in Janus Henderson Group in the 2nd quarter valued at $430,000. Aperio Group LLC grew its holdings in Janus Henderson Group by 11.8% in the 2nd quarter. Aperio Group LLC now owns 143,089 shares of the company’s stock valued at $3,062,000 after buying an additional 15,151 shares in the last quarter. Dupont Capital Management Corp grew its holdings in Janus Henderson Group by 18.5% in the 2nd quarter. Dupont Capital Management Corp now owns 17,931 shares of the company’s stock valued at $384,000 after buying an additional 2,805 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in Janus Henderson Group by 167.4% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 60,525 shares of the company’s stock valued at $1,295,000 after buying an additional 37,887 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. grew its holdings in Janus Henderson Group by 12.8% in the 2nd quarter. Los Angeles Capital Management & Equity Research Inc. now owns 21,280 shares of the company’s stock valued at $455,000 after buying an additional 2,420 shares in the last quarter. 62.73% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Janus Henderson Group (NYSE:JHG)

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