JHG - Janus Henderson: Q1 Metrics Are Mixed (Rating Downgrade)

2024-05-07 22:28:28 ET

Summary

• JHG's Q1 2024 earnings surpassed expectations by +14%, and the stock offers a potential high-single digit percentage shareholder yield.
• But Janus Henderson's valuations are unappealing as per the PEG metric, and the asset management company experienced net outflows for the past few quarters.
• JHG's recent metrics are mixed in my view, and this supports a Hold rating for the stock.

Elevator Pitch

Janus Henderson Group plc ( JHG ) shares are awarded a Hold rating.

My prior October 16, 2023 update drew attention to JHG's capital allocation. I focus on Janus Henderson's most recent quarterly metrics in the current article....

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