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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For further details see:
Janus Henderson: Q1 Metrics Are Mixed (Rating Downgrade)