Janus Henderson Group PLC
JHG: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$69.00 | Xgrny | Dlhdkvgb |
US-Based Asset Managers: Market Values for Asset Managers Already Pricing In an Easing Rate Cycle
On the heels of the US-based asset managers' second-quarter 2024 earnings, we have a better sense of how recent market activity has been affecting results. The rally in the US equity markets the past year has lifted most traditional and alternative-asset manager valuations close to our fair value estimates.