Janus Henderson Group plc (JHG) to Issue Quarterly Dividend of $0.39 on May 31st

Janus Henderson Group plc (NYSE:JHGGet Rating) declared a quarterly dividend on Tuesday, May 3rd, Zacks reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.39 per share on Tuesday, May 31st. This represents a $1.56 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Friday, May 13th. This is an increase from Janus Henderson Group’s previous quarterly dividend of $0.38.

Janus Henderson Group has increased its dividend by an average of 2.3% annually over the last three years and has increased its dividend every year for the last 1 years. Janus Henderson Group has a payout ratio of 41.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Janus Henderson Group to earn $3.04 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 50.0%.

Shares of NYSE JHG opened at $27.32 on Wednesday. The company has a quick ratio of 2.17, a current ratio of 3.18 and a debt-to-equity ratio of 0.07. The business’s 50 day moving average is $32.88 and its two-hundred day moving average is $38.11. Janus Henderson Group has a 52-week low of $26.50 and a 52-week high of $48.55. The firm has a market cap of $4.58 billion, a price-to-earnings ratio of 8.59 and a beta of 1.45.

Janus Henderson Group (NYSE:JHGGet Rating) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.75 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.11). Janus Henderson Group had a net margin of 19.68% and a return on equity of 14.95%. The firm had revenue of $620.00 million during the quarter, compared to analyst estimates of $652.90 million. During the same period in the previous year, the firm posted $0.91 earnings per share. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. Analysts anticipate that Janus Henderson Group will post 2.94 EPS for the current fiscal year.

In other Janus Henderson Group news, Director Edward P. Garden acquired 691,306 shares of the company’s stock in a transaction dated Monday, March 7th. The shares were acquired at an average price of $30.02 per share, for a total transaction of $20,753,006.12. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Edward P. Garden bought 201,005 shares of the firm’s stock in a transaction that occurred on Thursday, March 31st. The shares were acquired at an average price of $35.71 per share, with a total value of $7,177,888.55. The disclosure for this purchase can be found here. Insiders have acquired a total of 2,658,787 shares of company stock valued at $85,656,066 in the last quarter. 18.10% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in shares of Janus Henderson Group by 5.3% during the 4th quarter. BlackRock Inc. now owns 18,325,280 shares of the company’s stock worth $768,563,000 after buying an additional 918,742 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Janus Henderson Group by 55.9% in the fourth quarter. Goldman Sachs Group Inc. now owns 864,247 shares of the company’s stock valued at $36,247,000 after acquiring an additional 309,750 shares in the last quarter. Morgan Stanley boosted its stake in Janus Henderson Group by 203.0% in the second quarter. Morgan Stanley now owns 302,527 shares of the company’s stock valued at $11,742,000 after acquiring an additional 202,671 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Janus Henderson Group by 2,059.2% during the fourth quarter. Millennium Management LLC now owns 177,164 shares of the company’s stock worth $7,430,000 after purchasing an additional 168,959 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Janus Henderson Group by 482.4% during the fourth quarter. Deutsche Bank AG now owns 112,361 shares of the company’s stock worth $4,712,000 after purchasing an additional 93,068 shares in the last quarter. 78.39% of the stock is currently owned by institutional investors.

JHG has been the topic of several research reports. StockNews.com initiated coverage on shares of Janus Henderson Group in a research report on Thursday, March 31st. They set a “hold” rating on the stock. Deutsche Bank Aktiengesellschaft reduced their target price on shares of Janus Henderson Group from $31.00 to $25.00 in a report on Thursday, May 5th. Zacks Investment Research downgraded shares of Janus Henderson Group from a “hold” rating to a “sell” rating in a research note on Thursday, March 10th. Finally, Macquarie cut Janus Henderson Group from an “outperform” rating to a “neutral” rating in a research note on Friday, February 4th. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $46.13.

Janus Henderson Group Company Profile (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.

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Dividend History for Janus Henderson Group (NYSE:JHG)

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