Janus Henderson Group (JHG) Cut to Sell at Zacks Investment Research

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Zacks Investment Research lowered shares of Janus Henderson Group (NYSE:JHG) from a hold rating to a sell rating in a report issued on Thursday.

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. “

JHG has been the subject of a number of other reports. Deutsche Bank downgraded Janus Henderson Group from a buy rating to a hold rating and decreased their price target for the company from $35.00 to $31.00 in a report on Wednesday, August 1st. Citigroup downgraded Janus Henderson Group from a buy rating to a neutral rating and decreased their price target for the company from $37.00 to $32.35 in a report on Thursday, August 2nd. ValuEngine downgraded Janus Henderson Group from a hold rating to a sell rating in a report on Friday, June 1st. Finally, Credit Suisse Group reissued an underperform rating and issued a $29.00 price target on shares of Janus Henderson Group in a report on Friday, August 24th. Four equities research analysts have rated the stock with a sell rating and six have assigned a hold rating to the company. Janus Henderson Group has a consensus rating of Hold and an average target price of $34.17.

Shares of NYSE:JHG opened at $27.64 on Thursday. Janus Henderson Group has a 12-month low of $26.95 and a 12-month high of $41.64. The company has a market capitalization of $5.62 billion, a price-to-earnings ratio of 10.24, a P/E/G ratio of 0.98 and a beta of 1.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.05 and a quick ratio of 2.02.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Wednesday, August 1st. The company reported $0.74 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.75 by ($0.01). Janus Henderson Group had a net margin of 37.79% and a return on equity of 11.43%. The company had revenue of $592.40 million during the quarter, compared to analyst estimates of $610.10 million. sell-side analysts anticipate that Janus Henderson Group will post 2.88 EPS for the current year.

The firm also recently disclosed a dividend, which was paid on Friday, August 24th. Stockholders of record on Monday, August 13th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 10th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 58.06%.

Institutional investors have recently bought and sold shares of the company. Qube Research & Technologies Ltd purchased a new stake in shares of Janus Henderson Group in the second quarter valued at approximately $113,000. NumerixS Investment Technologies Inc purchased a new stake in shares of Janus Henderson Group in the second quarter valued at approximately $128,000. Itau Unibanco Holding S.A. purchased a new stake in shares of Janus Henderson Group in the second quarter valued at approximately $148,000. Assetmark Inc. purchased a new stake in shares of Janus Henderson Group in the first quarter valued at approximately $169,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Janus Henderson Group during the first quarter worth approximately $245,000. Institutional investors and hedge funds own 53.58% 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.

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