Janus Henderson Group Downgraded to Hold by StockNews.com

Janus Henderson Group (NYSE:JHG) has been downgraded by StockNews.com, shifting its rating from "buy" to "hold" in a recent research note dated Tuesday.

Several other equity analysts have also offered their insights regarding Janus Henderson Group shares. For instance, UBS Group recently upgraded the company's rating from "neutral" to "buy," raising their price target for the stock from $45.00 to $50.00 in a report released on February 24th. Similarly, JPMorgan Chase & Co. elevated its rating from "neutral" to "overweight," increasing their target price from $44.00 to $53.00 as stated in a research note on February 5th.

Moreover, The Goldman Sachs Group upgraded Janus Henderson Group from a "sell" rating to a "neutral" rating, while also boosting their price target from $42.00 to $45.00 on January 6th. Wells Fargo & Company raised their price objective from $43.00 to $46.00, labeling the stock as "equal weight" in a report released on February 3rd. Lastly, Morgan Stanley increased their price target from $46.00 to $48.00, maintaining an "equal weight" rating in a report dated December 20th.

At present, six investment analysts have classified Janus Henderson Group as a hold, while three have placed a buy rating. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $47.38.

Janus Henderson Group Stock Movement

On Tuesday, Janus Henderson Group shares experienced a slight increase of 0.3%, trading up by $0.11 to reach a price of $37.94. A total of 1,163,955 shares changed hands, surpassing the average trading volume of 999,115. The company's fifty-day moving average price stands at $41.52, which is also its two-hundred day moving average. Janus Henderson Group has a market capitalization of $5.98 billion and its shares have fluctuated between a twelve-month low of $30.35 and a high of $46.68.

The company recently reported its quarterly earnings on January 31st, announcing an earnings per share (EPS) of $1.07, which outperformed analysts' consensus estimates of $0.94 by $0.13. The return on equity was recorded at 12.18%, and the company had a net margin of 16.38%. Last year, during the same quarter, Janus Henderson Group earned $0.82 EPS. Analysts forecast an average EPS of 3.75 for the current fiscal year.

Changes in Institutional Holdings

There have been significant movements among large investors regarding Janus Henderson Group. Vanguard Group Inc. increased its stake by 1.5% during the fourth quarter, now owning 14,148,813 shares valued at approximately $601.7 million after purchasing an additional 203,330 shares. Millennium Management LLC also expanded its holdings by 23.9% during the same period, now holding 7,247,633 shares valued at $308.2 million after acquiring 1,399,781 shares.

Additionally, Charles Schwab Investment Management raised its stake by 3.3%, now owning 4,593,441 shares valued at about $195.4 million after acquiring 147,362 shares. Northern Trust Corp boosted its holdings by 8.4%, owning 2,320,796 shares valued at approximately $98.7 million after purchasing another 180,726 shares. Lastly, Geode Capital Management increased its stake by 0.6%, now holding 2,124,618 shares worth around $80.9 million. In total, institutional investors own approximately 87.94% of Janus Henderson Group's stock.

Overview of Janus Henderson Group

Janus Henderson Group plc functions as an asset management holding entity. Through its various subsidiaries, it offers services to institutional and retail clients, as well as high-net-worth individuals. The company manages distinct client-focused equity and fixed income portfolios, in addition to offering equity, fixed income, and balanced mutual funds for its clients.

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