Janus Henderson Group Reports Strong Earnings, Surpassing Expectations

Janus Henderson Group (NYSE:JHG - Get Free Report) unveiled its quarterly earnings on Friday, announcing earnings of $1.07 per share (EPS) for the quarter. This figure exceeded analysts' expectations, which were set at $0.94, marking a positive difference of $0.13. In addition, the company recorded a return on equity of 11.49% and a net margin of 17.33%. Comparatively, during the same period last year, Janus Henderson Group reported an EPS of $0.82.

Stock Performance

Following the earnings announcement, shares of Janus Henderson Group saw an increase of 4.0%, trading up $1.77 in midday trading and reaching a price of $45.43. The trading volume totaled 691,918 shares, which is below the average volume of 854,918. The company maintains a strong financial position with a debt-to-equity ratio of 0.09, a current ratio of 3.08, and a quick ratio of 2.08. Over the past 12 months, Janus Henderson Group experienced a low of $28.52 and a high of $45.74. The market capitalization of the company stands at $7.22 billion, coupled with a price-to-earnings ratio (PE ratio) of 18.02 and a price-to-earnings-growth ratio of 0.60. The stock has been trading consistently, with a 50-day moving average of $43.34 and a 200-day moving average of $40.13.

Dividend Announcement

Furthermore, Janus Henderson Group disclosed plans to issue a quarterly dividend of $0.39 per share, which will be paid out on Thursday, February 27th, to shareholders of record as of Tuesday, February 11th. This dividend represents an annualized total of $1.56 per share, offering a dividend yield of 3.43%. The company's dividend payout ratio is currently at 61.66%.

Analyst Insights

Analysts have provided their forecasts regarding Janus Henderson Group’s stock performance. Recently, UBS Group raised its price target for the stock from $37.00 to $41.00 and assigned a "neutral" rating. Meanwhile, JPMorgan Chase & Co. adjusted their price target down from $45.00 to $44.00, maintaining a "neutral" rating as well. Deutsche Bank increased its target price from $42.00 to $44.00 and kept a "hold" rating on Janus Henderson Group. On the other hand, Wells Fargo & Company lowered their price target from $45.00 to $43.00, also giving an "equal weight" rating. Finally, Morgan Stanley raised their price objective from $46.00 to $48.00, assigning an "equal weight" rating. Overall, eight analysts rate the stock as a hold, while one has a buy rating. According to MarketBeat, the average target price is $44.75.

About Janus Henderson Group

Janus Henderson Group plc is a global asset management company that provides services to institutional, retail, and high-net-worth clients. The firm manages separate client-focused portfolios in both equity and fixed income categories, as well as various equity, fixed income, and balanced mutual funds.

Earnings, Stocks, Performance