Janus Henderson Group (NYSE:JHG) Given New $48.00 Price Target at Morgan Stanley

Janus Henderson Group (NYSE:JHG) had its target price hoisted by Morgan Stanley from $46.00 to $48.00 in a research note issued on Friday,Benzinga reports. The firm currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 12.81% from the company’s previous close.

JHG has been the topic of a number of other research reports. TD Cowen increased their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group increased their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. UBS Group upped their price target on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research note on Tuesday, October 22nd. Evercore ISI increased their price target on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research report on Thursday, November 7th. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, November 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $43.38.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $42.55 on Friday. The stock has a market cap of $6.77 billion, a price-to-earnings ratio of 16.82, a P/E/G ratio of 0.62 and a beta of 1.48. Janus Henderson Group has a 12-month low of $28.19 and a 12-month high of $45.74. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. The business’s 50-day simple moving average is $43.07 and its 200 day simple moving average is $38.35.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. The company had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. Janus Henderson Group’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.64 EPS. As a group, research analysts anticipate that Janus Henderson Group will post 3.43 earnings per share for the current year.

Institutional Investors Weigh In On Janus Henderson Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Quarry LP increased its holdings in Janus Henderson Group by 203.6% during the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after purchasing an additional 509 shares in the last quarter. Huntington National Bank boosted its position in shares of Janus Henderson Group by 24.5% during the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 240 shares during the period. Larson Financial Group LLC grew its holdings in shares of Janus Henderson Group by 401.6% during the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after buying an additional 1,000 shares in the last quarter. Addison Advisors LLC raised its position in Janus Henderson Group by 103.4% in the 3rd quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock valued at $48,000 after buying an additional 642 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock valued at $53,000 after acquiring an additional 575 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Company Profile

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.