JPMorgan Chase & Co. Issues Pessimistic Forecast for Janus Henderson Group (NYSE:JHG) Stock Price

Janus Henderson Group (NYSE:JHG) had its target price lowered by investment analysts at JPMorgan Chase & Co. from $45.00 to $44.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 3.75% from the company’s previous close.

Other equities research analysts also recently issued reports about the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Morgan Stanley lifted their target price on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Friday, December 20th. Evercore ISI increased their price target on Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a research note on Thursday, November 7th. Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $41.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 12th. Finally, The Goldman Sachs Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and increased their price objective for the company from $42.00 to $45.00 in a research report on Monday. Eight analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Janus Henderson Group currently has an average rating of “Hold” and an average target price of $45.00.

Janus Henderson Group Stock Performance

JHG opened at $42.41 on Tuesday. Janus Henderson Group has a 52-week low of $28.19 and a 52-week high of $45.74. The firm has a market capitalization of $6.74 billion, a PE ratio of 16.76, a PEG ratio of 0.62 and a beta of 1.50. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The business’s 50-day simple moving average is $43.75 and its 200 day simple moving average is $39.24.

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

Institutional Trading of Janus Henderson Group

Institutional investors have recently bought and sold shares of the business. Huntington National Bank boosted its stake in shares of Janus Henderson Group by 24.5% in the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after buying an additional 240 shares during the period. Abich Financial Wealth Management LLC raised its holdings in Janus Henderson Group by 26.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after acquiring an additional 377 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Janus Henderson Group by 15.7% during the 3rd quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $107,000 after acquiring an additional 382 shares during the period. Assetmark Inc. increased its position in shares of Janus Henderson Group by 9.1% in the third quarter. Assetmark Inc. now owns 5,101 shares of the company’s stock worth $194,000 after purchasing an additional 425 shares during the period. Finally, Blue Trust Inc. raised its stake in Janus Henderson Group by 24.6% in the third quarter. Blue Trust Inc. now owns 2,236 shares of the company’s stock valued at $85,000 after purchasing an additional 442 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

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.