Janus Henderson Group (NYSE:JHG) Releases Quarterly Earnings Results, Beats Estimates By $0.82 EPS

Janus Henderson Group (NYSE:JHG) issued its earnings results on Friday. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82, FiscalAI reports. The firm had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. Janus Henderson Group’s revenue for the quarter was up 61.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.07 earnings per share.

Janus Henderson Group Trading Up 0.5%

Shares of NYSE JHG opened at $48.16 on Friday. Janus Henderson Group has a 1-year low of $28.26 and a 1-year high of $49.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.02 and a quick ratio of 2.15. The business’s 50 day moving average is $46.50 and its two-hundred day moving average is $44.61. The stock has a market capitalization of $7.44 billion, a P/E ratio of 14.12, a PEG ratio of 0.78 and a beta of 1.54.

Hedge Funds Weigh In On Janus Henderson Group

Several large investors have recently modified their holdings of the stock. Captrust Financial Advisors grew its stake in shares of Janus Henderson Group by 67.7% during the second quarter. Captrust Financial Advisors now owns 19,144 shares of the company’s stock valued at $744,000 after buying an additional 7,726 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Janus Henderson Group by 12.5% during the 2nd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 15,306 shares of the company’s stock valued at $594,000 after acquiring an additional 1,697 shares during the period. Acadian Asset Management LLC bought a new position in Janus Henderson Group in the 1st quarter valued at $708,000. Jones Financial Companies Lllp increased its stake in Janus Henderson Group by 1,538.8% in the first quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock worth $319,000 after purchasing an additional 8,294 shares during the period. Finally, NewEdge Advisors LLC bought a new stake in shares of Janus Henderson Group during the third quarter worth $215,000. Institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

JHG has been the subject of several research reports. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Tuesday, December 23rd. Finally, Morgan Stanley upped their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and a consensus target price of $47.67.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.