Janus Henderson Group (JHG) AI Stock Analysis

• Market Cap: $6.69B
• Dividend Yield: 3.67%
• Average Volume (3M): 1.53M
• Price to Earnings (P/E): 12.7
• Beta (1Y): 1.32
• Revenue Growth: 14.48%
• EPS Growth: 34.97%
• Country: US
• Employees: 2,308
• Sector: Financial
• Sector Strength: 70
• Industry: Asset Management
• EPS (TTM): 1.09
• Shares Outstanding: 154,476,410
• 10 Day Avg. Volume: 2,419,827
• 30 Day Avg. Volume: 1,531,374
• PEG Ratio: 1.92
• Price to Book (P/B): 1.44
• Price to Sales (P/S): 2.67
• P/FCF Ratio: 9.66
• Enterprise Value/Market Cap: 0.83
• Enterprise Value/Revenue: 2.08
• Enterprise Value/Gross Profit: 3.00
• Enterprise Value/Ebitda: 7.12
• 1Y Price Target: $51.14
• Price Target Upside: 18.13% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 3.91
• Revenue Forecast (FY): $2.58B

• Rating: 73 Outperform
• Price Target: $48.00 ▲(10.88% Upside)

Janus Henderson Group's overall stock score reflects its strong financial performance and positive earnings call, which highlighted record assets under management and strategic growth initiatives. However, technical indicators suggest a lack of strong momentum, and challenges in cash flow generation pose risks. The stock's fair valuation and attractive dividend yield provide additional support.

Positive Factors

AUM Growth

Significant AUM growth indicates strong client trust and effective investment strategies, enhancing revenue potential through management fees.

Strategic Partnerships

The partnership with Guardian expands JHG's fixed income AUM, diversifying revenue streams and strengthening market position.

Revenue Growth

Exceeding revenue expectations reflects robust business operations and effective market strategies, supporting long-term financial health.

Negative Factors

Cash Flow Challenges

Declining free cash flow growth could limit future investments and shareholder returns, impacting long-term financial flexibility.

Equity Net Outflows

Continued equity net outflows suggest challenges in retaining investor interest, potentially affecting future revenue from equity products.

Multi-Asset Capability Net Outflows

Outflows in multi-asset strategies indicate potential issues in product competitiveness, affecting diversification and revenue stability.

Janus Henderson Group Business Overview & Revenue Model

Company Description

Janus Henderson Group (JHG) is a global asset management firm that provides a wide range of investment products and services to individual and institutional clients. With a focus on active management, the company operates across various sectors including equities, fixed income, and alternative investments. JHG offers mutual funds, exchange-traded funds (ETFs), and customized investment solutions, leveraging its deep expertise and market insights to deliver performance-oriented investment strategies.

How the Company Makes Money

Janus Henderson Group generates revenue primarily through the management of assets for clients, charging management fees based on the assets under management (AUM). These fees are typically a percentage of AUM and can vary depending on the type of investment product and service provided. Additionally, the company earns performance fees when its investment funds exceed certain benchmarks, providing an incentive to maximize returns for investors. Key revenue streams include management fees from mutual funds, ETFs, and institutional accounts. Partnerships with financial advisors and institutions also enhance its distribution capabilities, contributing to its overall earnings. Market conditions, investment performance, and client retention are significant factors influencing the company's revenue.

Janus Henderson Group Financial Statement Overview

Summary

Janus Henderson Group exhibits a strong financial position with robust profitability and low leverage. The income statement reflects consistent revenue growth and improved net margins, while the balance sheet shows a conservative capital structure with low debt levels. However, the cash flow statement indicates challenges in cash generation, particularly in free cash flow growth.

Income Statement

Janus Henderson Group shows a strong income statement with consistent revenue growth in the TTM period at 2.92%. The gross profit margin remains robust at approximately 69%, indicating efficient cost management. However, the EBIT margin has slightly declined from the previous year, suggesting increased operational costs. The net profit margin has improved to 20.07% in the TTM, reflecting better profitability. Overall, the company demonstrates solid revenue growth and profitability, though there is room for improvement in operational efficiency.

Balance Sheet

The balance sheet of Janus Henderson Group is strong, with a low debt-to-equity ratio of 0.08 in the TTM, indicating low financial leverage and a conservative capital structure. The return on equity has improved to 12.18%, showcasing effective use of shareholder funds to generate profits. The equity ratio remains healthy, reflecting a stable financial position. The company maintains a solid balance sheet with low leverage and improved returns, positioning it well for future growth.

Cash Flow

The cash flow statement reveals a mixed picture. The operating cash flow to net income ratio has decreased to 0.32 in the TTM, indicating less cash generation relative to net income. Free cash flow growth has significantly declined by 59.65%, which could impact future investments and shareholder returns. However, the free cash flow to net income ratio remains high at 0.98, suggesting that the company is still generating sufficient cash relative to its profits. While cash flow generation is adequate, the decline in free cash flow growth is a concern.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.66B	2.47B	2.10B	2.20B	2.77B	2.30B
Gross Profit	1.84B	1.70B	1.46B	1.54B	2.02B	1.63B
EBITDA	776.20M	654.40M	562.60M	419.70M	871.20M	265.60M
Net Income	534.50M	408.90M	392.00M	372.40M	620.00M	130.30M
Balance Sheet
Total Assets	7.61B	6.96B	6.50B	6.24B	6.70B	6.69B
Cash, Cash Equivalents and Short-Term Investments	2.50B	2.07B	1.88B	1.77B	1.82B	1.59B
Total Debt	395.40M	486.50M	382.50M	399.10M	444.10M	458.50M
Total Liabilities	1.94B	1.88B	1.64B	1.64B	1.90B	1.87B
Stockholders Equity	4.78B	4.59B	4.54B	4.36B	4.62B	4.72B
Cash Flow
Free Cash Flow	634.00M	684.50M	430.80M	455.70M	885.00M	627.90M
Operating Cash Flow	644.10M	694.60M	441.60M	473.30M	895.40M	645.70M
Investing Cash Flow	-434.40M	-285.40M	-328.90M	58.50M	-283.30M	129.40M
Financing Cash Flow	-670.20M	-324.40M	-151.90M	-419.10M	-588.10M	-491.00M

Janus Henderson Group Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 43.29
• 50DMA: Negative
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JHG, the sentiment is Neutral. The current price of 43.29 is above the 20-day moving average (MA) of 43.07, below the 50-day MA of 44.06, and above the 200-day MA of 39.81, indicating a neutral trend. The MACD of -0.12 indicates Negative momentum. The RSI at 48.71 is Neutral, neither overbought nor oversold. The STOCH value of 20.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for JHG.

Janus Henderson Group Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
HLNE	77 Outperform	$6.81B	22.16	31.85%	1.66%	13.01%	21.96%
AMG	76 Outperform	$7.29B	15.67	15.95%	0.02%	1.03%	8.24%
MAIN	74 Outperform	$5.11B	9.42	19.65%	7.38%	28.32%	13.63%
JHG	73 Outperform	$6.69B	12.74	11.10%	3.67%	14.48%	34.97%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
STEP	50 Neutral	$7.30B	―	-88.82%	2.25%	88.68%	-494.20%

Janus Henderson Group Corporate Events

Janus Henderson Reports Strong Q3 2025 Performance

Janus Henderson Group is a global active asset manager headquartered in London, specializing in providing clients with differentiated insights, disciplined investments, and world-class service across various financial markets.

Janus Henderson Receives Acquisition Proposal from Trian

On October 27, 2025, Janus Henderson Group announced it received a non-binding acquisition proposal from Trian Fund Management and General Catalyst Group Management. The proposal, which was received on October 26, suggests acquiring all outstanding ordinary shares of Janus Henderson not already owned by Trian for $46.00 per share in cash. The company’s board plans to appoint a special committee to evaluate the proposal, which highlights Trian’s ongoing interest since its initial investment in 2020. The outcome of this proposal remains uncertain, with no assurance of a definitive agreement or transaction.

The most recent analyst rating on (JHG) stock is a Buy with a $47.00 price target. To see the full list of analyst forecasts on Janus Henderson Group stock, see the JHG Stock Forecast page.

Janus Henderson Group Announces CFO Retirement

On August 15, 2025, Janus Henderson Group announced the upcoming retirement of its Chief Financial Officer, Roger Thompson, effective March 31, 2026. In his place, Sukh Grewal, currently the Head of Strategy & Corporate Development, will assume the role of CFO starting April 1, 2026. Grewal, who has been with Janus Henderson since 2022, has played a significant role in shaping the company’s strategic direction and expanding its investment capabilities. The transition is expected to align the company’s financial and corporate strategy teams more closely, potentially enhancing value for shareholders, clients, and employees.

The most recent analyst rating on (JHG) stock is a Buy with a $53.00 price target. To see the full list of analyst forecasts on Janus Henderson Group stock, see the JHG Stock Forecast page.

Janus Henderson Reports Strong Q2 2025 Financial Results

Janus Henderson Group plc is a global active asset manager headquartered in London, specializing in helping clients achieve superior financial outcomes through disciplined investments and world-class service, with a presence in 25 cities worldwide.

Janus Henderson’s Record AUM and Strategic Growth

Janus Henderson Group’s recent earnings call conveyed a generally positive sentiment, underscored by record assets under management (AUM), improved investment performance, and a successful strategic partnership with Guardian. The company reported positive net flows and enhanced financial results, contributing to a favorable outlook. However, challenges persist with retail outflows, struggles in the U.K. market, and negative equity flows.