Fifth Third Bancorp Cuts Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Fifth Third Bancorp lowered its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 23.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,142 shares of the company’s stock after selling 358 shares during the period. Fifth Third Bancorp’s holdings in Janus Henderson Group were worth $34,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in JHG. Point72 Asset Management L.P. purchased a new position in shares of Janus Henderson Group in the 2nd quarter valued at $30,000. Neo Ivy Capital Management purchased a new position in shares of Janus Henderson Group in the 3rd quarter valued at $39,000. Advisory Services Network LLC raised its stake in shares of Janus Henderson Group by 486.3% in the 1st quarter. Advisory Services Network LLC now owns 1,495 shares of the company’s stock valued at $40,000 after acquiring an additional 1,240 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Janus Henderson Group in the 1st quarter valued at $47,000. Finally, NewEdge Advisors LLC raised its stake in shares of Janus Henderson Group by 19,944.4% in the 1st quarter. NewEdge Advisors LLC now owns 1,804 shares of the company’s stock valued at $48,000 after acquiring an additional 1,795 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Insiders Place Their Bets

In other news, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Roger Mj Thompson sold 30,656 shares of Janus Henderson Group stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total transaction of $948,190.08. Following the completion of the transaction, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at $3,910,758.27. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock valued at $2,172,459 in the last ninety days. Corporate insiders own 20.00% of the company’s stock.

Janus Henderson Group Price Performance

Shares of JHG stock opened at $32.09 on Friday. The firm has a market cap of $5.17 billion, a P/E ratio of 13.54, a P/E/G ratio of 1.65 and a beta of 1.52. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76. Janus Henderson Group plc has a 1-year low of $22.17 and a 1-year high of $33.25. The firm has a fifty day moving average of $31.55 and a two-hundred day moving average of $28.41.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, February 1st. The company reported $0.82 earnings per share for the quarter, topping the consensus estimate of $0.56 by $0.26. The company had revenue of $568.50 million during the quarter, compared to analyst estimates of $520.26 million. Janus Henderson Group had a net margin of 18.39% and a return on equity of 9.46%. The firm’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period last year, the business earned $0.61 EPS. As a group, research analysts anticipate that Janus Henderson Group plc will post 2.69 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.86%. The ex-dividend date was Friday, February 9th. Janus Henderson Group’s dividend payout ratio is currently 65.82%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD Cowen assumed coverage on shares of Janus Henderson Group in a research note on Thursday, January 4th. They issued a “market perform” rating and a $30.00 target price on the stock. Morgan Stanley raised their price target on shares of Janus Henderson Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a report on Friday, January 19th. StockNews.com raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Thursday, February 29th. The Goldman Sachs Group raised their price target on shares of Janus Henderson Group from $29.00 to $32.00 and gave the company a “sell” rating in a report on Tuesday, April 2nd. Finally, UBS Group raised their price target on shares of Janus Henderson Group from $27.00 to $28.00 and gave the company a “sell” rating in a report on Monday, February 5th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.39.

Janus Henderson Group Company Profile

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.