16/08/2022 09:14

Janus Henderson Group Plc (JHG) $37.42

UK-based fund manager JHG rallied over 3% yesterday and although it’s still close to its multi-year low the risk/reward looks interesting under $38. However the stocks looked cheap for a long time and today with an Est P/E of sub 11x for 2022 it’s no different, the stocks also set to yield almost 6% over the next 12 months but it still feels like buying JHG is akin to catching the proverbial falling knife.

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08/07/2022 09:19

Janus Henderson Group Plc (JHG) $34.30

MM recently looked at UK operating fund manager JHG which has been struggling since delivering a disappointing quarterly update in May. The stocks downside momentum is clear and catching this falling knife has proved an expensive exercise since Mid-2021 but history tells us stocks will eventually attract buyers if they simply become too cheap. JHG is currently trading on an Est P/E valuation of 8.5x for 2022 while being forecast to yield 6.65% over the next 12-months.

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01/07/2022 09:14

Janus Henderson (JHG) $33.49

This UK-based asset manager has been on the back foot since delivering a disappointing quarterly update in May and as we said at the time when the stock was ~$38, we would want to see some clear operational improvements before going long as investors continue to be rewarded for selling rallies as opposed to buying dips. However, after yesterdays -5.7% fall we can see some light slowly appearing at the end of the tunnel:

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06/05/2022 09:10

Janus Henderson Group (JHG) $37.76

UK based asset manager JHG plunged over 13% yesterday following a disappointing quarterly update – operating income was down 21% quarter on quarter, and over 35% year on year. JHG is clearly struggling as can be seen by its stocks 45% drop since November, a technical bounce towards $50 wouldn’t surprise but we want to see some operational improvement before going long i.e. “picking bottoms” has been fraught...

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05/04/2022 09:59

Janus Henderson Group Plc (JHG) $47.37

UK based JHG with a current $8bn valuation is likely to be a buyer in the industry consolidation cycle unless an overseas player eyes up the UK based business which is still trading on 9.7x earnings, even after bouncing 20% in recent weeks. On balance we like JHG at current levels but we would definitely be leaving ammunition to average into another dip towards / under $40.

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15/03/2022 09:18

Janus Henderson Group Plc (JHG) $44.75

UK based JHG has followed a similar sector path over the last few months although it feels like its “looking for a low” around the $40 area. The stocks now trading on  a P/E of 9x and estimated yield of 4.7% - the risk reward looks interesting into further weakness after the stocks shown how easily it can rally 15%.

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08/02/2022 09:21

Janus Henderson Group Plc (JHG) $50.18

UK based JHG has corrected over 25% from its 2021 high and the current momentum looks likely to take it lower short-term, things aren’t being  helped by the CEO selling down his stock which is understandably weighing on investor sentiment. Similar to PPT, and even MFG, Janus feels fairly cheap but when sectors fall out of favour they can remain cheap for a long time.

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12/01/2022 09:16

Janus Henderson (JHG) $59.39

The UK based active fund manager still appears fairly cheap even after surging post COVID, the recent more than 16% correction following the CEO’s sale of around $22m worth of stock in December feels like an opportunity. While its never good news to see “insiders” selling its understandable to lighten your exposure after the stocks tripled, we often...

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23/12/2021 09:39

Janus Henderson (JHG) $57.10

UK based JHG has performed strongly since the pandemic started back in Q1 of 2020 and they’re current mantra of “focusing on preserving investor capital” is probably sitting nicely with many investors. The stock feels good value after its 16.6% correction and a forecasted yield around 3.5% is some handy cream on the cake. We feel the stock...

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05/08/2021 09:23

Janus Henderson Group (JHG) $56.24

When things look their worst opportunities often arise and this was definitely the case with UK based fund manager JHG. Operationally this business looks to have risen from the ashes like a phoenix, last month it produced a quarterly update which almost doubled its profit compared to last year while also announcing a $200m buyback, the stock looks bullish until further notice.

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