Evercore ISI Forecasts Strong Price Appreciation for Janus Henderson Group (NYSE:JHG) Stock

Janus Henderson Group (NYSE:JHG) had its price objective increased by equities researchers at Evercore ISI from $33.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm presently has an “in-line” rating on the stock. Evercore ISI’s price target indicates a potential downside of 1.77% from the stock’s current price.

Other equities research analysts also recently issued reports about the stock. UBS Group upgraded shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $45.00 to $50.00 in a research note on Monday, February 24th. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $44.00 to $53.00 in a report on Wednesday, February 5th. Bank of America upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and dropped their target price for the company from $57.00 to $43.00 in a research report on Thursday, April 3rd. Finally, The Goldman Sachs Group decreased their price objective on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating for the company in a research note on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $44.44.

Janus Henderson Group Stock Up 2.8 %

Janus Henderson Group stock opened at $35.63 on Friday. The business has a fifty day moving average price of $35.03 and a 200-day moving average price of $40.37. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $46.68. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of 13.92, a PEG ratio of 0.66 and a beta of 1.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.08.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $621.40 million for the quarter, compared to analyst estimates of $623.56 million. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The company’s revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities research analysts forecast that Janus Henderson Group will post 3.75 EPS for the current fiscal year.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently modified their holdings of the business. Norges Bank purchased a new stake in shares of Janus Henderson Group in the fourth quarter valued at approximately $83,525,000. Castlekeep Investment Advisors LLC purchased a new stake in Janus Henderson Group in the 4th quarter worth $74,989,000. Millennium Management LLC raised its position in Janus Henderson Group by 23.9% during the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company’s stock worth $308,242,000 after acquiring an additional 1,399,781 shares during the period. SG Americas Securities LLC lifted its holdings in Janus Henderson Group by 4,233.1% during the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company’s stock valued at $30,163,000 after purchasing an additional 815,124 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of Janus Henderson Group by 113.7% during the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company’s stock worth $42,981,000 after purchasing an additional 537,700 shares in the last quarter. Hedge funds and other institutional investors own 87.94% 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.