Janus Henderson (JHG) Acquires Richard Bernstein Advisors Managing $20B in Assets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Acquisition Deal: Janus Henderson has agreed to acquire Richard Bernstein Advisors, which oversees approximately $20 billion in client assets, significantly enhancing its market position in model portfolios and separately managed accounts.
- Accelerated Market Demand: CEO Ali Dibadj noted that this acquisition will address the growing client demand for model portfolios and separately managed accounts, thereby driving further business growth for Janus Henderson.
- Leadership Transition: Richard Bernstein will join Janus Henderson as the global head of macro and customized investing, entering into a multi-year agreement that is expected to bring valuable experience and insights to the company's investment strategies.
- Transaction Timeline: The deal is expected to close in the second quarter, and although JHG shares edged down 0.4% in afternoon trading, the market remains optimistic about the long-term potential of this acquisition.
Analyst Views on JHG
Wall Street analysts forecast JHG stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for JHG is 49.67 USD with a low forecast of 48.00 USD and a high forecast of 55.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
6 Analyst Rating
1 Buy
5 Hold
0 Sell
Hold
Current: 48.090
Low
48.00
Averages
49.67
High
55.00
Current: 48.090
Low
48.00
Averages
49.67
High
55.00
About JHG
Janus Henderson Group plc is a United Kingdom-based independent global asset manager, which is specializing in active investment across various asset classes. The Company manages a broad range of investment products for institutional and retail investors across four capabilities: equities, fixed income, multi-asset and alternatives. Its intermediary channel distributes United States mutual funds, separately managed accounts, exchange-traded funds and various others, through financial intermediaries, including banks, financial advisors and discretionary wealth managers. The self-directed channel serves individual investors who invest in its products through a mutual fund supermarket or directly with the Company. Its institutional channel serves corporations, endowments, pension funds and others, with distribution direct to the plan sponsor and through consultants. It has operations in North America, the United Kingdom, continental Europe, Latin America, Japan, Asia, and Australia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
