Janus Henderson Group (JHG) Stock Overview
An asset management holding entity. More details
| Snowflake Score | |
|---|---|
| Valuation | 3/6 |
| Future Growth | 0/6 |
| Past Performance | 5/6 |
| Financial Health | 5/6 |
| Dividends | 2/6 |
Rewards
Risk Analysis
JHG Community Fair Values
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Analyst Price Targets
Top Community Narratives
US$41.45
FV
24.8% overvalued intrinsic discount4.65%
Revenue growth p.a.
65
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Janus Henderson Group plc Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$51.72 |
| 52 Week High | US$53.76 |
| 52 Week Low | US$35.56 |
| Beta | 1.36 |
| 1 Month Change | 0.23% |
| 3 Month Change | 5.44% |
| 1 Year Change | 33.61% |
| 3 Year Change | 92.55% |
| 5 Year Change | 38.14% |
| Change since IPO | 69.02% |
Recent News & Updates
Narrative Update • Apr 28
JHG: Fair Value View Balances Deal Uncertainty With Earnings Power Shifts
Analysts have lifted their price targets for Janus Henderson, with a blended fair value estimate moving from about $48.00 to roughly $54.88, citing refreshed views on flows and earnings power across traditional asset managers. Analyst Commentary Recent research updates point to a more constructive stance on Janus Henderson Group, with several bullish analysts revisiting their assumptions on flows and earnings power across traditional asset managers.
Narrative Update • Apr 13
JHG: Fair Outlook Will Balance Flow Resilience And Merger Execution Risk
Analysts have lifted their fair value estimate for Janus Henderson Group by $3 to $52, citing updated views on asset manager flows and revised group targets from recent research. Analyst Commentary Recent research has adjusted fair value views for Janus Henderson Group around updated expectations for traditional asset manager flows in early 2026.Recent updates
Narrative Update • Apr 28
JHG: Fair Value View Balances Deal Uncertainty With Earnings Power Shifts
Analysts have lifted their price targets for Janus Henderson, with a blended fair value estimate moving from about $48.00 to roughly $54.88, citing refreshed views on flows and earnings power across traditional asset managers. Analyst Commentary Recent research updates point to a more constructive stance on Janus Henderson Group, with several bullish analysts revisiting their assumptions on flows and earnings power across traditional asset managers.Narrative Update • Apr 13
JHG: Fair Outlook Will Balance Flow Resilience And Merger Execution Risk
Analysts have lifted their fair value estimate for Janus Henderson Group by $3 to $52, citing updated views on asset manager flows and revised group targets from recent research. Analyst Commentary Recent research has adjusted fair value views for Janus Henderson Group around updated expectations for traditional asset manager flows in early 2026.
Narrative Update • Mar 30
JHG: Future Returns Will Reflect Merger Outcome And Dividend Suspension
Analysts have lifted their price target on Janus Henderson Group by about $2 to around $52, citing updated views on asset manager flows and revised sector targets following recent February and first-quarter flow checks. Analyst Commentary Recent Street research on Janus Henderson Group has focused on updated targets for traditional asset managers after February and first quarter flow checks, leading some firms to lift their price targets and refine their assumptions.Narrative Update • Mar 16
JHG: Fair Outlook Will Weigh Flow Execution Against Sector P/E Expectations
Analysts have nudged their fair value estimate for Janus Henderson Group up from $48.00 to $49.00, reflecting updated assumptions around asset flows and slightly higher future P/E expectations following recent price target moves in the sector. Analyst Commentary The latest price target move to $53 from $49 sits modestly above the refreshed $49 fair value estimate.Narrative Update • Mar 02
JHG: Fair Outlook Will Weigh Competing Merger Bids Against Buybacks And Dividend Suspension
Analysts have adjusted their price target on Janus Henderson Group to $48.00, with the update reflecting small tweaks to the discount rate, revenue growth outlook, profit margin assumptions, and a higher future P/E multiple. What's in the News Victory Capital Holdings, Inc.Narrative Update • Feb 16
JHG: Fair Outlook Will Balance Merger Uncertainty With Buybacks And Dividend Suspension
Analysts have trimmed their price targets for Janus Henderson Group by a modest amount in dollar terms, reflecting lower assumed revenue growth, a slightly softer profit margin outlook and a reduced future P/E multiple, partly offset by a marginally lower discount rate in their updated models. What's in the News Janus Henderson Group plc entered into a definitive merger agreement to be acquired by an investor group led by funds and investment vehicles associated with Trian Fund Management, L.P. and General Catalyst Group Management, LLC, referred to as the Proposed Transaction (Key Developments).Narrative Update • Feb 02
JHG: Future Returns Will Hinge On Proposed Buyout And Dividend Suspension
Analysts have nudged their price target on Janus Henderson Group slightly higher to about US$50.14 from US$50.00, citing updated assumptions around a lower discount rate, a modest revenue growth outlook, a slightly higher profit margin, and a reduced future P/E multiple. What's in the News Janus Henderson Group plc has entered into a definitive merger agreement to be acquired by an investor group led by funds and investment vehicles associated with Trian Fund Management, L.P. and General Catalyst Group Management, LLC, referred to as the Proposed Transaction (Key Developments).Narrative Update • Jan 19
JHG: Fair Outlook Balances Solid Operations With Trian General Catalyst Deal Uncertainty
Analysts have nudged their fair value estimate for Janus Henderson Group higher from US$46 to US$48. This reflects recent price target increases tied to solid Q3 results, continued organic growth, and attention on the ongoing Trian/General Catalyst proposal.Narrative Update • Jan 05
JHG: Future Outlook Will Depend On Trian And General Catalyst Deal Outcome
Analysts have nudged their price target on Janus Henderson Group higher to $50 from $48, citing a solid Q3 beat with strong top line results, sustained organic growth, and improving investment gains. They also note that the pending Trian and General Catalyst proposal remains a key swing factor for investor sentiment.Seeking Alpha • Dec 22
Janus Henderson: Trian Makes An Attractive Deal
Summary Janus Henderson Group plc will be acquired for $49/share in cash by Trian, General Catalyst, and a consortium, offering an 18% premium to the initial bid. The deal is well-financed, faces minimal regulatory risk, and is expected to close by mid-2026, providing shareholders with a market-like, low-risk return. JHG has demonstrated operational turnaround with six consecutive quarters of positive net flows, margin expansion, and robust AUM growth under new leadership. With limited upside to the $49 offer and no competing bids, holding JHG shares offers a ~6% annualized return until deal close, but little reason to buy anew. Read the full article on Seeking AlphaNarrative Update • Dec 15
JHG: Fair Outlook Will Hinge On Trian General Catalyst Proposal Outcome
Analysts have lifted their fair value estimate for Janus Henderson Group by $10 to $46 per share, citing a series of recent price target increases supported by stronger than expected Q3 performance, improving revenue growth and margins, and a more constructive outlook for traditional asset managers. Analyst Commentary Recent research updates highlight that, despite the higher fair value estimate and multiple price target increases, sentiment toward Janus Henderson remains nuanced.Narrative Update • Nov 30
JHG: Future Performance Will Depend On Outcome Of Trian Acquisition Proposal
Analysts have increased their price target for Janus Henderson Group to $50.00, a modest upward revision. They cited solid quarterly results and ongoing organic growth as supportive factors behind the positive adjustment.Narrative Update • Nov 16
JHG: Future Upside May Emerge From Ongoing Trian Proposal Uncertainty
Analysts have raised their price target for Janus Henderson Group to $50 from $48. They cited sustained organic growth, strong quarterly results, and improved future earnings expectations as the main reasons for this adjustment.Narrative Update • Nov 01
JHG: Continued Organic Gains Will Drive Share Momentum After Board Review
Analysts have raised their fair value estimate for Janus Henderson Group from $48.50 to $48.80. They cite solid quarterly results and a positive earnings outlook as key drivers for the price target increase.Narrative Update • Oct 18
Global Partnerships Will Reinforce Enduring Market Value
Analysts have raised their price target for Janus Henderson Group from $46.80 to $48.50, reflecting improved equity and bond markets as well as continued positive momentum in industry growth metrics. Analyst Commentary Recent analyst updates for Janus Henderson Group reflect a strong quarter for traditional asset managers.Narrative Update • Oct 04
Global Partnerships Will Reinforce Enduring Market Value
Janus Henderson Group's analyst price target has been revised upward from $45.56 to $46.80 per share. Analysts cite sustained equity and bond market gains, along with improved industry trends, as supporting future growth expectations.Analysis Article • Aug 03
Analysts Have Lowered Expectations For Janus Henderson Group plc (NYSE:JHG) After Its Latest Results
Last week saw the newest quarterly earnings release from Janus Henderson Group plc ( NYSE:JHG ), an important milestone...Analysis Article • Jul 16
Market Cool On Janus Henderson Group plc's (NYSE:JHG) Earnings
With a price-to-earnings (or "P/E") ratio of 16.4x Janus Henderson Group plc ( NYSE:JHG ) may be sending bullish...Seeking Alpha • Mar 27
Janus Henderson Q4: Positive Momentum And Profitability
Summary Janus Henderson Group plc has consistently beaten earnings estimates, increased dividends, and executed strategic acquisitions, positioning it well for future growth. The company ended 2024 with $378.7 billion in AUM, strong cash flow, and a solid liquidity position, supporting further strategic initiatives. JHG's strategic plan "Protect & Grow, Amplify, and Diversify" is driving revenue and earnings growth. In this article, I explain more about JHG, their quality business model and why I rate JHG stock a "Buy" based on a recent price drop. Read the full article on Seeking AlphaSeeking Alpha • Jan 16
Janus Henderson: Hold Rating Retained Despite Expense Growth Concerns
Summary Janus Henderson continues to make progress on net flows and product investment performance. Operating expenses are likely to be up by close to 10% in FY24E, and a continuation of this trend will put downward pressure on the FY25E operating margin. Upside and downside risks to the investment case appear finely balanced. With Janus Henderson’s shares trading at around fair value, a Hold rating is retained. Read the full article on Seeking AlphaSeeking Alpha • Oct 12
Janus Henderson: Operational Improvements, Beta-Boosted Share Price
Summary Janus Henderson reported net inflows in the second quarter of FY24, but flows remained in negative territory year-to-date. Peer-relative product investment performance metrics are impressive and have the potential to reverse the net outflow headwind. With yet another deal announced, and more M&A activity flagged, Janus Henderson investors should be mindful of acquisition-related downside risk. Leverage to strong investment markets combined with operational improvements have driven solid share price gains and point to a positive third quarter. My valuation suggests JHG is slightly undervalued but lacks sufficient upside for a Buy rating. Read the full article on Seeking AlphaSeeking Alpha • Sep 17
Janus Henderson: Turning Positive On Capital Allocation Moves And Performance Improvement (Rating Upgrade)
Summary I am positive on Janus Henderson's recent capital allocation actions pertaining to acquisitions and capital return. Janus Henderson's performance has improved significantly in Q2 2024, considering its revenue and earnings growth acceleration that surpassed expectations and a return to positive fund inflows. I have changed my rating for JHG stock from a Hold to a Buy after identifying favorable read-throughs from the company's capital allocation activities and financial results. Read the full article on Seeking Alpha
New Narrative • Aug 28
Expanding Global ETF Reach And Tactical Acquisitions Set To Drive Growth Amid Risks
Strategic expansions and acquisitions, particularly in Europe, position Janus Henderson for significant growth in active ETFs and diversification into emerging markets.Shareholder Returns
| JHG | US Capital Markets | US Market | |
|---|---|---|---|
| 7D | 0.06% | 1.8% | 1.1% |
| 1Y | 33.6% | 9.6% | 26.7% |
Return vs Industry: JHG exceeded the US Capital Markets industry which returned 9.6% over the past year.
Return vs Market: JHG exceeded the US Market which returned 26.7% over the past year.
Price Volatility
| JHG volatility | |
|---|---|
| JHG Average Weekly Movement | 2.4% |
| Capital Markets Industry Average Movement | 3.4% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.2% |
| 10% least volatile stocks in US Market | 3.1% |
Stable Share Price: JHG has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: JHG's weekly volatility (2%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1934 | 2,328 | Ali Dibadj | www.janushenderson.com |
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.
Janus Henderson Group plc Fundamentals Summary
| JHG fundamental statistics | |
|---|---|
| Market cap | US$7.96b |
| Earnings (TTM) | US$769.20m |
| Revenue (TTM) | US$3.17b |
10.4x
P/E Ratio2.5x
P/S RatioIs JHG overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| JHG income statement (TTM) | |
|---|---|
| Revenue | US$3.17b |
| Cost of Revenue | US$1.09b |
| Gross Profit | US$2.08b |
| Other Expenses | US$1.31b |
| Earnings | US$769.20m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 4.99 |
| Gross Margin | 65.64% |
| Net Profit Margin | 24.30% |
| Debt/Equity Ratio | 6.9% |
How did JHG perform over the long term?
See historical performance and comparisonDividends
1.5%
Current Dividend Yield16%
Payout RatioCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/15 22:27 |
| End of Day Share Price | 2026/05/15 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
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| Management | 10 years |
| |
| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Janus Henderson Group plc is covered by 33 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Daniel Garrod | Barclays |
| Prasaanna Jeyanandhan | Berenberg |
| Brennan Hawken | BMO Capital Markets Equity Research |