Janus Henderson Group (NYSE:JHG) Posts Quarterly Earnings Results, Misses Estimates By $0.11 EPS

Janus Henderson Group (NYSE:JHGGet Rating) announced its quarterly earnings results on Wednesday. The company reported $0.75 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11), MarketWatch Earnings reports. Janus Henderson Group had a return on equity of 14.95% and a net margin of 19.68%. The firm had revenue of $620.00 million for the quarter, compared to analysts’ expectations of $652.90 million. During the same period last year, the company posted $0.91 earnings per share. The business’s quarterly revenue was down 3.7% on a year-over-year basis.

NYSE JHG opened at $27.50 on Friday. The company has a market cap of $4.65 billion, a PE ratio of 8.65 and a beta of 1.45. The stock’s 50 day simple moving average is $33.07 and its 200-day simple moving average is $38.41. Janus Henderson Group has a 1-year low of $26.50 and a 1-year high of $48.55. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.06 and a quick ratio of 2.17.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 31st. Shareholders of record on Monday, May 16th will be paid a dividend of $0.39 per share. This is a positive change from Janus Henderson Group’s previous quarterly dividend of $0.38. This represents a $1.56 annualized dividend and a yield of 5.67%. The ex-dividend date of this dividend is Friday, May 13th. Janus Henderson Group’s payout ratio is 47.80%.

In other Janus Henderson Group news, Director Edward P. Garden purchased 691,306 shares of the firm’s stock in a transaction dated Monday, March 7th. The shares were purchased at an average cost of $30.02 per share, with a total value of $20,753,006.12. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard M. Weil sold 63,569 shares of the business’s stock in a transaction dated Monday, February 7th. The stock was sold at an average price of $36.12, for a total transaction of $2,296,112.28. The disclosure for this sale can be found here. Over the last ninety days, insiders bought 2,658,787 shares of company stock worth $85,656,066 and sold 64,769 shares worth $2,340,086. Insiders own 18.10% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley increased its stake in shares of Janus Henderson Group by 203.0% in the 2nd quarter. Morgan Stanley now owns 302,527 shares of the company’s stock worth $11,742,000 after acquiring an additional 202,671 shares during the last quarter. LPL Financial LLC raised its stake in Janus Henderson Group by 3.3% during the third quarter. LPL Financial LLC now owns 13,807 shares of the company’s stock worth $571,000 after purchasing an additional 436 shares during the period. Cubist Systematic Strategies LLC boosted its holdings in Janus Henderson Group by 4.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 20,200 shares of the company’s stock valued at $847,000 after purchasing an additional 910 shares during the last quarter. Millennium Management LLC grew its stake in shares of Janus Henderson Group by 2,059.2% in the 4th quarter. Millennium Management LLC now owns 177,164 shares of the company’s stock valued at $7,430,000 after buying an additional 168,959 shares during the period. Finally, Marshall Wace LLP acquired a new stake in shares of Janus Henderson Group during the 4th quarter worth approximately $451,000. 78.39% of the stock is currently owned by institutional investors.

Several equities research analysts have recently issued reports on JHG shares. Zacks Investment Research lowered shares of Janus Henderson Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th. StockNews.com started coverage on Janus Henderson Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on Janus Henderson Group from $31.00 to $25.00 in a research report on Thursday. Finally, Macquarie lowered Janus Henderson Group from an “outperform” rating to a “neutral” rating in a research report on Friday, February 4th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $46.13.

About Janus Henderson Group (Get Rating)

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.

See Also

Earnings History for Janus Henderson Group (NYSE:JHG)

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