Zacks Investment Research Downgrades Janus Henderson Group (NYSE:JHG) to Hold

Zacks Investment Research lowered shares of Janus Henderson Group (NYSE:JHG) from a buy rating to a hold rating in a research report report published on Thursday, Zacks.com reports.

According to Zacks, “Janus Henderson Group plc is an investment management company. It provides investment advisors for equities, fixed income, property and private equity sectors. Janus Henderson Group plc, formerly known as Janus Cap Grp, is based in London, United Kingdom. “

Several other analysts also recently commented on the company. Citigroup reduced their target price on Janus Henderson Group from $25.50 to $23.55 and set a neutral rating for the company in a research note on Tuesday, July 9th. Jefferies Financial Group cut shares of Janus Henderson Group from a buy rating to a hold rating and dropped their price target for the company from $36.56 to $35.11 in a research report on Monday, July 22nd. ValuEngine raised shares of Janus Henderson Group from a strong sell rating to a sell rating in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods cut shares of Janus Henderson Group from a market perform rating to an underperform rating and dropped their price target for the company from $21.00 to $19.50 in a research report on Friday, October 4th. Finally, Gabelli reaffirmed a hold rating on shares of Janus Henderson Group in a research report on Thursday, August 1st. Four investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company. Janus Henderson Group has a consensus rating of Hold and a consensus price target of $24.93.

Shares of JHG traded up $0.09 during trading hours on Thursday, hitting $21.50. The stock had a trading volume of 684,600 shares, compared to its average volume of 1,282,181. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.93 and a quick ratio of 2.05. The firm has a 50 day simple moving average of $20.82 and a 200-day simple moving average of $21.80. The firm has a market capitalization of $4.10 billion, a P/E ratio of 7.85, a price-to-earnings-growth ratio of 1.54 and a beta of 1.30. Janus Henderson Group has a 1-year low of $17.68 and a 1-year high of $25.83.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Wednesday, July 31st. The company reported $0.61 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05). The firm had revenue of $525.90 million during the quarter, compared to analyst estimates of $539.37 million. Janus Henderson Group had a net margin of 19.32% and a return on equity of 9.97%. The business’s quarterly revenue was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.74 earnings per share. Equities analysts predict that Janus Henderson Group will post 2.42 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Man Group plc bought a new position in Janus Henderson Group in the 2nd quarter valued at about $1,171,000. Acadian Asset Management LLC bought a new position in shares of Janus Henderson Group during the 2nd quarter worth approximately $593,000. Aperio Group LLC lifted its position in shares of Janus Henderson Group by 11.8% during the 2nd quarter. Aperio Group LLC now owns 143,089 shares of the company’s stock worth $3,062,000 after buying an additional 15,151 shares in the last quarter. Robeco Institutional Asset Management B.V. lifted its position in shares of Janus Henderson Group by 227.0% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 514,302 shares of the company’s stock worth $11,005,000 after buying an additional 357,021 shares in the last quarter. Finally, Prudential Financial Inc. lifted its position in shares of Janus Henderson Group by 54.7% during the 2nd quarter. Prudential Financial Inc. now owns 1,732,095 shares of the company’s stock worth $37,067,000 after buying an additional 612,340 shares in the last quarter. 68.29% 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.

Featured Article: Certificate of Deposit (CD)

Get a free copy of the Zacks research report on Janus Henderson Group (JHG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for Janus Henderson Group (NYSE:JHG)

Receive News & Ratings for Janus Henderson Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Janus Henderson Group and related companies with MarketBeat.com's FREE daily email newsletter.