Analysts Set Price Target of $48.11 for Janus Henderson Group

Investment analysts have set a consensus price target of $48.11 for Janus Henderson Group plc (NYSE:JHG), according to data from Marketbeat Ratings. The twelve analysts monitoring the firm have collectively assigned a “Buy” recommendation, with eight analysts suggesting a buy and two issuing a strong buy rating. Additionally, two analysts have rated the stock as a hold.

Several notable updates regarding Janus Henderson were released recently. On October 31, 2023, Evercore ISI reaffirmed its “positive” rating on the stock, while Cowen also maintained a “buy” rating. Bank of America increased its price target from $49.00 to $50.00, supporting their buy rating. Furthermore, TD Cowen raised its forecast from $52.00 to $55.00 on the same day. In contrast, Wall Street Zen downgraded its rating from buy to hold on November 28, 2023.

Janus Henderson Group recently announced its earnings results on October 30, 2023. The firm reported earnings per share (EPS) of $1.09 for the quarter, surpassing the consensus estimate of $1.01 by $0.08. The company reported revenue of $700.4 million, exceeding analyst expectations of $695.57 million. This represents a year-over-year revenue increase of 12.1%, compared to $0.91 EPS from the same period last year. Analysts predict an EPS of 3.75 for the current fiscal year.

Dividend Announcement and Insider Transactions

In a related development, Janus Henderson Group declared a quarterly dividend, which was paid on November 26, 2023. Shareholders recorded by November 10, 2023, received a dividend of $0.40 per share, amounting to an annualized dividend of $1.60, reflecting a yield of 3.6%. The company’s current dividend payout ratio stands at 46.92%.

In terms of insider transactions, Chief Financial Officer Roger Mj Thompson sold 27,491 shares of the company on September 11, 2023, at an average price of $45.26, totaling approximately $1,244,242.66. Following this transaction, Thompson retains 113,097 shares, valued at $5,118,770.22. This sale represents a decrease of 19.55% in his holdings. Currently, company insiders hold 20.40% of the stock.

Institutional Trading Activity

Recent trading activity among institutional investors has also influenced Janus Henderson Group’s stock. Avantax Advisory Services Inc. increased its holdings by 24.6% in the first quarter, acquiring an additional 1,563 shares. Meanwhile, LPL Financial LLC raised its stake by 9.8%, adding 16,296 shares to its portfolio. XTX Topco Ltd made a significant acquisition, increasing its holdings by 87.0% with an additional 5,430 shares.

Other notable movements include US Bancorp DE lifting its stake by 5.7%, while Jefferies Financial Group Inc. boosted its holdings by 29.2%. Currently, hedge funds and institutional investors collectively own 87.94% of Janus Henderson Group’s stock.

Janus Henderson Group plc operates as an asset management holding entity, offering services to institutional, retail, and high-net-worth clients. The firm manages separate client-focused equity and fixed income portfolios, as well as various mutual funds.