Janus Henderson Group (NYSE:JHG) Rating Reiterated by Gabelli

Janus Henderson Group (NYSE:JHG)‘s stock had its “hold” rating reaffirmed by research analysts at Gabelli in a report issued on Thursday, Zacks.com reports.

JHG has been the topic of a number of other reports. Zacks Investment Research cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Thursday, July 25th. Macquarie cut shares of Janus Henderson Group from an “outperform” rating to a “neutral” rating in a report on Thursday, May 2nd. Jefferies Financial Group cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $36.56 to $35.11 in a report on Monday, July 22nd. Bank of America set a $24.00 target price on shares of Janus Henderson Group and gave the stock a “sell” rating in a report on Tuesday, April 9th. Finally, JPMorgan Chase & Co. cut shares of Janus Henderson Group from an “overweight” rating to a “neutral” rating in a report on Thursday, April 11th. Four equities research analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Janus Henderson Group currently has an average rating of “Hold” and a consensus target price of $26.85.

JHG traded up $0.18 during trading on Thursday, hitting $19.38. The company had a trading volume of 1,753,570 shares, compared to its average volume of 1,121,427. The company has a market cap of $3.92 billion, a P/E ratio of 7.07, a PEG ratio of 1.08 and a beta of 1.22. Janus Henderson Group has a 1-year low of $19.00 and a 1-year high of $30.03. The stock has a 50-day moving average of $21.92. The company has a current ratio of 2.74, a quick ratio of 1.94 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Wednesday, July 31st. The company reported $0.61 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.66 by ($0.05). The business had revenue of $525.90 million for the quarter, compared to analyst estimates of $539.37 million. Janus Henderson Group had a return on equity of 9.97% and a net margin of 19.32%. The firm’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same period last year, the company posted $0.74 earnings per share. Sell-side analysts predict that Janus Henderson Group will post 2.52 earnings per share for the current year.

Several hedge funds have recently added to or reduced their stakes in JHG. BlackRock Inc. increased its holdings in shares of Janus Henderson Group by 37.1% in the 1st quarter. BlackRock Inc. now owns 15,985,123 shares of the company’s stock worth $399,310,000 after acquiring an additional 4,324,823 shares during the period. Norges Bank acquired a new stake in shares of Janus Henderson Group in the 4th quarter worth about $41,678,000. American Century Companies Inc. acquired a new stake in shares of Janus Henderson Group in the 4th quarter worth about $26,569,000. Silchester International Investors LLP increased its holdings in shares of Janus Henderson Group by 6.9% in the 2nd quarter. Silchester International Investors LLP now owns 18,164,451 shares of the company’s stock worth $388,719,000 after acquiring an additional 1,168,347 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its holdings in shares of Janus Henderson Group by 227.0% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 514,302 shares of the company’s stock worth $11,005,000 after acquiring an additional 357,021 shares during the period. 62.73% 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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