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Janus Henderson - Markets Helping, Upgrade To Bullish

Aug. 04, 2021 7:35 AM ETJanus Henderson Group plc (JHG)1 Comment
Intrinsic Analysis profile picture
Intrinsic Analysis


  • JHG reported another quarter of net outflows in 2Q21, but earnings were boosted by strong markets and performance fees.
  • Investment performance versus peers is an area of concern and should be carefully watched.
  • With valuation supported by higher AUM, and a positive assessment of management, I upgrade to Bullish.
  • Investors concerned about an equity market correction should be mindful of JHG’s market leverage.

Plan to keep savings in the piggy bank in 2021 year
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In A Nutshell

Janus Henderson Group (NYSE:JHG) reported strong 2Q21 earnings and announced a $200m buyback program. The group is in good shape from a financial perspective, but operational trends are somewhat underwhelming. In this note I will

This article was written by

Intrinsic Analysis profile picture
15 years of professional experience in equity markets and investment consulting to institutional clients, including over a decade as an equity research analyst with a leading fund manager.

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