Janus Henderson Group (JHG) Downgraded to Sell at Goldman Sachs Group

Goldman Sachs Group lowered shares of Janus Henderson Group (NYSE:JHG) from a neutral rating to a sell rating in a report published on Friday morning, BenzingaRatingsTable reports.

A number of other research analysts have also recently weighed in on the company. Macquarie cut Janus Henderson Group from an outperform rating to a neutral rating in a research report on Thursday. TheStreet upgraded Janus Henderson Group from a d+ rating to a c- rating in a research report on Thursday, April 18th. JPMorgan Chase & Co. cut Janus Henderson Group from an overweight rating to a neutral rating in a research report on Thursday, April 11th. Bank of America set a $24.00 price target on Janus Henderson Group and gave the company a sell rating in a research report on Tuesday, April 9th. Finally, Zacks Investment Research upgraded Janus Henderson Group from a hold rating to a buy rating and set a $28.00 price target for the company in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Janus Henderson Group has an average rating of Hold and a consensus target price of $28.13.

Shares of JHG stock traded down $0.94 during mid-day trading on Friday, reaching $22.54. The stock had a trading volume of 5,049,640 shares, compared to its average volume of 1,177,579. Janus Henderson Group has a 12-month low of $19.00 and a 12-month high of $34.62. The stock has a market cap of $4.43 billion, a P/E ratio of 8.23, a P/E/G ratio of 1.22 and a beta of 1.16. The company has a quick ratio of 1.98, a current ratio of 2.77 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.56 earnings per share for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $524.37 million. During the same quarter in the prior year, the business earned $0.71 EPS. The company’s quarterly revenue was down 11.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Janus Henderson Group will post 2.64 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of JHG. Norges Bank acquired a new stake in shares of Janus Henderson Group during the fourth quarter valued at $41,678,000. Silchester International Investors LLP boosted its stake in shares of Janus Henderson Group by 11.2% during the fourth quarter. Silchester International Investors LLP now owns 16,833,086 shares of the company’s stock valued at $348,782,000 after acquiring an additional 1,695,303 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its stake in shares of Janus Henderson Group by 1,972.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 1,481,770 shares of the company’s stock valued at $72,000 after acquiring an additional 1,410,256 shares during the last quarter. American Century Companies Inc. acquired a new stake in Janus Henderson Group in the 4th quarter worth about $26,569,000. Finally, Two Sigma Investments LP boosted its stake in Janus Henderson Group by 135.8% in the 4th quarter. Two Sigma Investments LP now owns 821,148 shares of the company’s stock worth $17,014,000 after buying an additional 472,864 shares during the last quarter. 60.45% of the stock is currently owned by institutional investors and hedge funds.

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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