Janus Henderson Group plc

NYSE:JHG Stock Report

Market Cap: US$8.0b

Janus Henderson Group Future Growth

Future criteria checks 0/6

Janus Henderson Group's earnings are forecast to decline at 3.8% per annum while its annual revenue is expected to grow at 2.6% per year. EPS is expected to decline by 1.2% per annum. Return on equity is forecast to be 8.2% in 3 years.

Key information

-3.8%

Earnings growth rate

-1.19%

EPS growth rate

Capital Markets earnings growth12.0%
Revenue growth rate2.6%
Future return on equity8.20%
Analyst coverage

Low

Last updated18 Jun 2026

Recent future growth updates

Analysis Article • Aug 03

Analysts Have Lowered Expectations For Janus Henderson Group plc (NYSE:JHG) After Its Latest Results

Last week saw the newest quarterly earnings release from Janus Henderson Group plc ( NYSE:JHG ), an important milestone...

Recent updates

Narrative Update • Jun 25

JHG: Fair Outlook Will Balance Take Private Execution And AI Transition

Analysts have adjusted their price target for Janus Henderson Group to $51.80. The change reflects updated views on discount rate assumptions, revenue trends, profit margins, and future P/E expectations supported by recent Street research.
Analysis Article • Jun 21

Janus Henderson Group (JHG) Stock Could Be 1.5% Undervalued as ETF Narrative Meets DCF Doubts

Recent Performance Context for Janus Henderson Group Janus Henderson Group (JHG) has drawn investor attention after recent trading, with the stock last closing at $51.88. The company, an asset management holding entity, reports revenue of $3,165.9 million and net income of $769.2 million. See our latest analysis for Janus Henderson Group. Recent trading has been relatively steady, but Janus Henderson Group’s 8.58% year to date share price return alongside a 43.93% 1 year total shareholder...
Narrative Update • Jun 06

JHG: Fair Outlook Will Weigh Private Buyout Execution And Flow Resilience

Analysts have modestly trimmed their fair value estimate for Janus Henderson Group to $51.80 from $52.00, reflecting updates to revenue growth, profit margin, discount rate and future P/E assumptions following recent Street research, including the resumed coverage at Morgan Stanley and a higher price target at TD Cowen. Analyst Commentary Recent Street research around Janus Henderson Group has centered on valuation discipline and execution risk, with some firms resuming coverage and others adjusting price targets as they reassess revenue and margin assumptions.
Narrative Update • May 23

JHG: Future Returns Will Reflect Merger Decision And M&A Setback

Analysts have lifted their price target on Janus Henderson Group by about $0.33 to reflect updated views on fair value, revenue growth assumptions, profit margins and future P/E expectations, supported by recent research that includes higher targets from TD Cowen and Evercore ISI, as well as a resumed rating from Morgan Stanley. Analyst Commentary Recent research updates on Janus Henderson Group focus on how the stock lines up with sector peers, with fresh price targets and ratings framed around fund flow trends and current valuation multiples.
Narrative Update • Apr 28

JHG: Fair Value View Balances Deal Uncertainty With Earnings Power Shifts

Analysts have lifted their price targets for Janus Henderson, with a blended fair value estimate moving from about $48.00 to roughly $54.88, citing refreshed views on flows and earnings power across traditional asset managers. Analyst Commentary Recent research updates point to a more constructive stance on Janus Henderson Group, with several bullish analysts revisiting their assumptions on flows and earnings power across traditional asset managers.
Narrative Update • Apr 13

JHG: Fair Outlook Will Balance Flow Resilience And Merger Execution Risk

Analysts have lifted their fair value estimate for Janus Henderson Group by $3 to $52, citing updated views on asset manager flows and revised group targets from recent research. Analyst Commentary Recent research has adjusted fair value views for Janus Henderson Group around updated expectations for traditional asset manager flows in early 2026.
Narrative Update • Mar 30

JHG: Future Returns Will Reflect Merger Outcome And Dividend Suspension

Analysts have lifted their price target on Janus Henderson Group by about $2 to around $52, citing updated views on asset manager flows and revised sector targets following recent February and first-quarter flow checks. Analyst Commentary Recent Street research on Janus Henderson Group has focused on updated targets for traditional asset managers after February and first quarter flow checks, leading some firms to lift their price targets and refine their assumptions.
Narrative Update • Mar 16

JHG: Fair Outlook Will Weigh Flow Execution Against Sector P/E Expectations

Analysts have nudged their fair value estimate for Janus Henderson Group up from $48.00 to $49.00, reflecting updated assumptions around asset flows and slightly higher future P/E expectations following recent price target moves in the sector. Analyst Commentary The latest price target move to $53 from $49 sits modestly above the refreshed $49 fair value estimate.
Narrative Update • Mar 02

JHG: Fair Outlook Will Weigh Competing Merger Bids Against Buybacks And Dividend Suspension

Analysts have adjusted their price target on Janus Henderson Group to $48.00, with the update reflecting small tweaks to the discount rate, revenue growth outlook, profit margin assumptions, and a higher future P/E multiple. What's in the News Victory Capital Holdings, Inc.
Narrative Update • Feb 16

JHG: Fair Outlook Will Balance Merger Uncertainty With Buybacks And Dividend Suspension

Analysts have trimmed their price targets for Janus Henderson Group by a modest amount in dollar terms, reflecting lower assumed revenue growth, a slightly softer profit margin outlook and a reduced future P/E multiple, partly offset by a marginally lower discount rate in their updated models. What's in the News Janus Henderson Group plc entered into a definitive merger agreement to be acquired by an investor group led by funds and investment vehicles associated with Trian Fund Management, L.P. and General Catalyst Group Management, LLC, referred to as the Proposed Transaction (Key Developments).
Narrative Update • Feb 02

JHG: Future Returns Will Hinge On Proposed Buyout And Dividend Suspension

Analysts have nudged their price target on Janus Henderson Group slightly higher to about US$50.14 from US$50.00, citing updated assumptions around a lower discount rate, a modest revenue growth outlook, a slightly higher profit margin, and a reduced future P/E multiple. What's in the News Janus Henderson Group plc has entered into a definitive merger agreement to be acquired by an investor group led by funds and investment vehicles associated with Trian Fund Management, L.P. and General Catalyst Group Management, LLC, referred to as the Proposed Transaction (Key Developments).
Narrative Update • Jan 19

JHG: Fair Outlook Balances Solid Operations With Trian General Catalyst Deal Uncertainty

Analysts have nudged their fair value estimate for Janus Henderson Group higher from US$46 to US$48. This reflects recent price target increases tied to solid Q3 results, continued organic growth, and attention on the ongoing Trian/General Catalyst proposal.
Narrative Update • Jan 05

JHG: Future Outlook Will Depend On Trian And General Catalyst Deal Outcome

Analysts have nudged their price target on Janus Henderson Group higher to $50 from $48, citing a solid Q3 beat with strong top line results, sustained organic growth, and improving investment gains. They also note that the pending Trian and General Catalyst proposal remains a key swing factor for investor sentiment.
Seeking Alpha • Dec 22

Janus Henderson: Trian Makes An Attractive Deal

Summary Janus Henderson Group plc will be acquired for $49/share in cash by Trian, General Catalyst, and a consortium, offering an 18% premium to the initial bid. The deal is well-financed, faces minimal regulatory risk, and is expected to close by mid-2026, providing shareholders with a market-like, low-risk return. JHG has demonstrated operational turnaround with six consecutive quarters of positive net flows, margin expansion, and robust AUM growth under new leadership. With limited upside to the $49 offer and no competing bids, holding JHG shares offers a ~6% annualized return until deal close, but little reason to buy anew. Read the full article on Seeking Alpha
Narrative Update • Dec 15

JHG: Fair Outlook Will Hinge On Trian General Catalyst Proposal Outcome

Analysts have lifted their fair value estimate for Janus Henderson Group by $10 to $46 per share, citing a series of recent price target increases supported by stronger than expected Q3 performance, improving revenue growth and margins, and a more constructive outlook for traditional asset managers. Analyst Commentary Recent research updates highlight that, despite the higher fair value estimate and multiple price target increases, sentiment toward Janus Henderson remains nuanced.
Narrative Update • Nov 30

JHG: Future Performance Will Depend On Outcome Of Trian Acquisition Proposal

Analysts have increased their price target for Janus Henderson Group to $50.00, a modest upward revision. They cited solid quarterly results and ongoing organic growth as supportive factors behind the positive adjustment.
Narrative Update • Nov 16

JHG: Future Upside May Emerge From Ongoing Trian Proposal Uncertainty

Analysts have raised their price target for Janus Henderson Group to $50 from $48. They cited sustained organic growth, strong quarterly results, and improved future earnings expectations as the main reasons for this adjustment.
Narrative Update • Nov 01

JHG: Continued Organic Gains Will Drive Share Momentum After Board Review

Analysts have raised their fair value estimate for Janus Henderson Group from $48.50 to $48.80. They cite solid quarterly results and a positive earnings outlook as key drivers for the price target increase.
Narrative Update • Oct 18

Global Partnerships Will Reinforce Enduring Market Value

Analysts have raised their price target for Janus Henderson Group from $46.80 to $48.50, reflecting improved equity and bond markets as well as continued positive momentum in industry growth metrics. Analyst Commentary Recent analyst updates for Janus Henderson Group reflect a strong quarter for traditional asset managers.
Narrative Update • Oct 04

Global Partnerships Will Reinforce Enduring Market Value

Janus Henderson Group's analyst price target has been revised upward from $45.56 to $46.80 per share. Analysts cite sustained equity and bond market gains, along with improved industry trends, as supporting future growth expectations.
Analysis Article • Aug 03

Analysts Have Lowered Expectations For Janus Henderson Group plc (NYSE:JHG) After Its Latest Results

Last week saw the newest quarterly earnings release from Janus Henderson Group plc ( NYSE:JHG ), an important milestone...
Analysis Article • Jul 16

Market Cool On Janus Henderson Group plc's (NYSE:JHG) Earnings

With a price-to-earnings (or "P/E") ratio of 16.4x Janus Henderson Group plc ( NYSE:JHG ) may be sending bullish...

Earnings and Revenue Growth Forecasts

NYSE:JHG - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20283,103589163N/A1
12/31/20273,109633169N/A2
12/31/20262,9105731664241
3/31/20263,166769942952N/A
12/31/20253,097798711720N/A
9/30/20252,663523634644N/A
6/30/20252,588410604614N/A
3/31/20252,543390692702N/A
12/31/20242,473399685695N/A
9/30/20242,333398600609N/A
6/30/20242,230463589597N/A
3/31/20242,158423534545N/A
12/31/20232,102381431442N/A
9/30/20232,049326410426N/A
6/30/20232,040339415431N/A
3/31/20232,079345406423N/A
12/31/20222,204361456473N/A
9/30/20222,386427594609N/A
6/30/20222,560514689706N/A
3/31/20222,743553800812N/A
12/31/20212,767602885895N/A
9/30/20212,727656827834N/A
6/30/20212,608580692698N/A
3/31/20212,388552622634N/A
12/31/20202,299127628646N/A
9/30/20202,24384601633N/A
6/30/20202,21077587623N/A
3/31/20202,22880497536N/A
12/31/20192,192416N/A463N/A
9/30/20192,136411N/A500N/A
6/30/20192,182411N/A573N/A
3/31/20192,238442N/A574N/A
12/31/20182,306511N/A671N/A
9/30/20182,383866N/A653N/A
6/30/20182,369854N/A563N/A
3/31/20182,173758N/A436N/A
12/31/20171,818638N/A444N/A
9/30/20171,440216N/A327N/A
6/30/20171,118171N/A213N/A
3/31/2017977178N/A263N/A
12/31/20161,018185N/A235N/A
9/30/20161,009194N/A260N/A
6/30/20161,027189N/A358N/A
3/31/20161,097215N/A385N/A
12/31/20151,155321N/A389N/A
9/30/20151,145246N/A328N/A
6/30/20151,152257N/A258N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: JHG's earnings are forecast to decline over the next 3 years (-3.8% per year).

Earnings vs Market: JHG's earnings are forecast to decline over the next 3 years (-3.8% per year).

High Growth Earnings: JHG's earnings are forecast to decline over the next 3 years.

Revenue vs Market: JHG's revenue (2.6% per year) is forecast to grow slower than the US market (12.6% per year).

High Growth Revenue: JHG's revenue (2.6% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: JHG's Return on Equity is forecast to be low in 3 years time (8.2%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/29 04:46
End of Day Share Price 2026/06/26 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Janus Henderson Group plc is covered by 33 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Daniel GarrodBarclays
Prasaanna JeyanandhanBerenberg
Brennan HawkenBMO Capital Markets Equity Research