Reviewing The Case For Janus Henderson Group plc (JHG) Going Higher

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The Vanguard Group, Inc. recently announced the acquisition of new stake in Janus Henderson Group plc (NYSE:JHG). The institutional investor has increased its shareholding in the Financial company by 1.25% to 15.27 million shares with purchase of 0.19 million shares. This fresh investment now brings its stake to 8.26% valued currently at $323.22 million. In addition, Dimensional Fund Advisors LP raised its holdings by 0.61 million to 5.64 million shares. And SSgA Funds Management, Inc. has lifted its position by 22.89% or 0.89 million shares – to 4.79 million shares.

With over 2.27 million Janus Henderson Group plc (JHG) shares trading Wednesday and a closing price of $21.63 on the day, the dollar volume was approximately $49.16 million. The shares have shown a negative weekly performance of 0.00% and its price on 07/28/20 lost nearly -1.86%. Currently, there are 182.40M common shares owned by the public and among those 147.18M shares have been available to trade.

An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 10 analysts who have offered their price forecasts for JHG have a consensus price objective of $21.56. The analysts have set the share’s price value over the next 12 months at a high of $25.00 and a low of $15.00 should the stock experience a downside. Incidentally, analysts’ outlook for the Janus Henderson Group plc stock is 3.10 for the next 12 months. The average price target is -1.07% below its last price level and a downside to the estimated low will see the stock lose -44.2% over that period. But an upside of 13.48% will see the stock hit the forecast high price target while mean target price for the stock is $22.00.

The top 3 mutual fund holders in Janus Henderson Group plc are American Funds Small Cap World Fu, Vanguard Total Stock Market Index, and iShares Core S&P Mid Cap ETF. American Funds Small Cap World Fu owns 5.06 million shares of the company’s stock, all valued at over $106.96 million. The company bought an additional 1.5 million shares recently to bring their total holdings to about 2.73% of the shares outstanding. Vanguard Total Stock Market Index sold -0.35 million shares to see its total holdings shrink to 4.24 million shares valued at over $89.64 million and representing 2.29% of the shares outstanding. iShares Core S&P Mid Cap ETF now owns shares totaling to 2.22% of the shares outstanding.

Shares of Janus Henderson Group plc (NYSE: JHG) opened at $22.18, up $0.14 from a prior closing price of $22.04. However, the script later closed the day at $21.63, down -1.86%. The company’s stock has a 5-day price change of 0.00% and 38.01% over the past three months. JHG shares are trading -9.86% year to date (YTD), with the 12-month market performance down to -1.74% lower. It has a 12-month low price of $11.81 and touched a high of $27.50 over the same period. Currently, 2.27 million shares have been traded, compared to an average intraday trading volume of 1.93 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.97%, -0.81%, and -0.31% respectively.

Institutional ownership of Janus Henderson Group plc (NYSE: JHG) shares accounts for 75.70% of the company’s 182.40M shares outstanding. Mutual fund holders own 27.58%, while other institutional holders and individual stakeholders account for 31.03% and — respectively.

It has a market capitalization of $4.11B. The stock’s trailing 12-month PE ratio is 58.46, while the earnings-per-share (ttm) stands at $0.38. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.28% over the week and 2.92% over the month.

Analysts forecast that Janus Henderson Group plc (JHG) will achieve an EPS of $0.52 for the current quarter, $0.56 for the next quarter and $2.34 for 2021. The lowest estimate earnings-per-share for the quarter is $0.48 while analysts give the company a high EPS estimate of $0.57. Comparatively, EPS for the current quarter was $0.61 a year ago. Earnings per share for the fiscal year are expected to decrease by -14.80%, and 3.92% over the next financial year. EPS should shrink at an annualized rate of -0.59% over the next five years, compared to 14.70% over the past 5-year period.

If you are looking to buy this stock, then you may note that the average analyst recommendation by 10 brokerage firm advisors rate Janus Henderson Group plc (JHG) as a “Hold” at a consensus score of 3.10. Specifically, 0 Wall Street analysts polled rate the stock as a buy, while 7 of the 10 advise that investors “hold,” and 2 rated it as a “Sell.”

Looking at the support for the JHG, a number of firms have released research notes about the stock. Keefe Bruyette stated their Mkt Perform rating for the stock in a research note on May 01, 2020, with the firm’s price target at $19. Goldman coverage for the Janus Henderson Group plc (JHG) stock in a research note released on May 01, 2020 offered a Neutral rating with a price target of $20. Macquarie was of a view on February 05, 2020 that the stock is Outperform, while Citigroup gave the stock Buy rating on February 05, 2020, issuing a price target of. Citigroup on their part issued Buy rating on February 04, 2020.

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