Analysts Set Price Target of $48.11 for Janus Henderson Group

Analysts covering Janus Henderson Group plc (NYSE:JHG) have assigned a consensus price target of $48.11. The firm currently holds a “Buy” recommendation from twelve analysts, according to data provided by Marketbeat Ratings. Among these analysts, two have rated the stock as a hold, eight have issued buy ratings, and two have designated it as a strong buy.

Several analysts recently reaffirmed their positions on Janus Henderson Group. On October 31, Evercore ISI maintained a “positive” rating, while Cowen also reiterated their “buy” stance. On October 2, Bank of America raised its price target from $49.00 to $50.00 and confirmed a “buy” rating. Similarly, TD Cowen increased their price target from $52.00 to $55.00 on October 31, further solidifying their “buy” recommendation. Conversely, on November 28, Wall Street Zen adjusted its rating from “buy” to “hold.”

Financial Performance and Dividend Announcement

Janus Henderson Group reported its earnings on October 30, revealing earnings per share (EPS) of $1.09 for the last quarter. This figure surpassed the consensus estimate of $1.01 by $0.08. The company generated revenue of $700.40 million, exceeding analyst expectations of $695.57 million. With a return on equity of 12.35% and a net margin of 19.82%, the firm experienced a year-over-year revenue increase of 12.1%. In the same quarter last year, it recorded an EPS of $0.91. Analysts predict an average EPS of 3.75 for the current fiscal year.

Additionally, Janus Henderson Group announced a quarterly dividend, which was paid on November 26. Shareholders of record as of November 10 received a dividend of $0.40 per share, translating to an annualized dividend of $1.60 and a yield of 3.6%. The firm’s current dividend payout ratio stands at 46.92%.

Insider Transactions and Institutional Holdings

In recent developments, Chief Financial Officer Roger Mj Thompson sold 27,491 shares of Janus Henderson Group on September 11. The shares were sold at an average price of $45.26, yielding a total transaction value of $1,244,242.66. Following this transaction, Thompson retained 113,097 shares, valued at approximately $5,118,770.22. The sale represents a 19.55% reduction in his holdings. This transaction was disclosed in a filing with the U.S. Securities and Exchange Commission.

Institutional investors have also recently adjusted their stakes in Janus Henderson Group. Avantax Advisory Services Inc. increased its holdings by 24.6% during the first quarter, now owning 7,919 shares valued at approximately $286,000. LPL Financial LLC raised its stake by 9.8%, acquiring an additional 16,296 shares, bringing its total to 183,044 shares, valued at $6,617,000. Other firms, including XTX Topco Ltd and US Bancorp DE, have similarly expanded their positions in the company. Currently, approximately 87.94% of Janus Henderson Group’s stock is held by hedge funds and other institutional investors.

Janus Henderson Group plc operates as an asset management holding entity, providing services to institutional and retail clients, as well as high-net-worth individuals. The firm manages separate equity and fixed income portfolios and offers a range of equity, fixed income, and balanced mutual funds.