Bank of America Analysts Give Janus Henderson Group (JHG) a $24.00 Price Target

Bank of America set a $24.00 price objective on Janus Henderson Group (NYSE:JHG) in a research report released on Tuesday, April 9th, TipRanks reports. The firm currently has a sell rating on the stock.

JHG has been the topic of several other reports. ValuEngine lowered Janus Henderson Group from a sell rating to a strong sell rating in a research note on Tuesday, April 9th. Zacks Investment Research raised Janus Henderson Group from a sell rating to a hold rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. raised Janus Henderson Group from a neutral rating to an overweight rating and set a $24.41 price objective on the stock in a report on Tuesday, March 12th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company’s stock. Janus Henderson Group has an average rating of Hold and an average price target of $28.13.

JHG traded down $0.94 on Tuesday, hitting $22.54. 5,049,640 shares of the stock traded hands, compared to its average volume of 1,177,579. Janus Henderson Group has a 52 week low of $19.00 and a 52 week high of $34.62. The company has a quick ratio of 1.98, a current ratio of 2.77 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $4.43 billion, a price-to-earnings ratio of 8.23, a P/E/G ratio of 1.22 and a beta of 1.16.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, May 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.59 by ($0.03). Janus Henderson Group had a net margin of 22.53% and a return on equity of 11.05%. The firm had revenue of $519.30 million for the quarter, compared to the consensus estimate of $524.37 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The company’s revenue was down 11.6% on a year-over-year basis. Equities research analysts expect that Janus Henderson Group will post 2.64 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Texas Permanent School Fund increased its position in shares of Janus Henderson Group by 2.6% in the 1st quarter. Texas Permanent School Fund now owns 112,024 shares of the company’s stock valued at $2,798,000 after buying an additional 2,838 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its position in shares of Janus Henderson Group by 31.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 157,281 shares of the company’s stock valued at $3,929,000 after buying an additional 37,787 shares in the last quarter. Rhumbline Advisers increased its position in shares of Janus Henderson Group by 1.2% in the 1st quarter. Rhumbline Advisers now owns 264,202 shares of the company’s stock valued at $6,600,000 after buying an additional 3,091 shares in the last quarter. HL Financial Services LLC increased its position in shares of Janus Henderson Group by 1.6% in the 1st quarter. HL Financial Services LLC now owns 133,486 shares of the company’s stock valued at $3,334,000 after buying an additional 2,063 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in shares of Janus Henderson Group by 10.7% in the 1st quarter. Aviance Capital Partners LLC now owns 35,474 shares of the company’s stock valued at $886,000 after buying an additional 3,430 shares in the last quarter. 60.45% of the stock is currently owned by 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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