JHG – Citi rates the stock as Buy

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Management has flagged the possibility of ‘regular’ share repurchases as part of its capital management strategy. Citi analysts suggest the first one of these is probably not too far away.

The analysts have increased estimates but stress none of such buy backs have been incorporated as yet. Retail inflows remain weak, they acknowledge, while costs remain contained.

Citi continues to see "compelling value". Buy rating retained. Target lifts to $49.75, after reducing it last month.

Sector: Diversified Financials.

Target price is $49.75.Current Price is $43.65. Difference: $6.10 – (brackets indicate current price is over target). If JHG meets the Citi target it will return approximately 12% (excluding dividends, fees and charges – negative figures indicate an expected loss).

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