New York State Common Retirement Fund Decreases Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

New York State Common Retirement Fund cut its stake in Janus Henderson Group plc (NYSE:JHG) by 3.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 229,666 shares of the company’s stock after selling 8,931 shares during the quarter. New York State Common Retirement Fund’s holdings in Janus Henderson Group were worth $6,924,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Neo Ivy Capital Management acquired a new position in shares of Janus Henderson Group during the 3rd quarter worth $39,000. Assetmark Inc. increased its position in Janus Henderson Group by 14.8% during the 3rd quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock worth $114,000 after purchasing an additional 567 shares in the last quarter. Country Club Bank GFN acquired a new position in Janus Henderson Group in the 4th quarter valued at about $218,000. Mackenzie Financial Corp purchased a new position in Janus Henderson Group in the 4th quarter valued at about $218,000. Finally, Greenleaf Trust acquired a new stake in shares of Janus Henderson Group during the 4th quarter worth about $219,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $32.55 on Friday. The company has a market cap of $5.25 billion, a price-to-earnings ratio of 12.28, a price-to-earnings-growth ratio of 1.51 and a beta of 1.53. Janus Henderson Group plc has a 12 month low of $22.17 and a 12 month high of $33.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76. The stock’s 50-day moving average is $31.77 and its 200-day moving average is $29.08.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The firm had revenue of $551.70 million for the quarter, compared to analysts’ expectations of $547.20 million. During the same period in the previous year, the company posted $0.55 earnings per share. Janus Henderson Group’s revenue was up 11.3% compared to the same quarter last year. Equities analysts anticipate that Janus Henderson Group plc will post 2.85 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 29th. Investors of record on Monday, May 13th will be given a dividend of $0.39 per share. The ex-dividend date of this dividend is Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a yield of 4.79%. Janus Henderson Group’s dividend payout ratio (DPR) is 58.87%.

Wall Street Analysts Forecast Growth

JHG has been the subject of a number of analyst reports. UBS Group boosted their price objective on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Friday, April 12th. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday. The Goldman Sachs Group raised their price objective on Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on Janus Henderson Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday. Finally, Morgan Stanley raised their price target on Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $28.93.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the transaction, the chief accounting officer now owns 3,535 shares in the company, valued at $114,074.45. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, CFO Roger Mj Thompson sold 30,656 shares of the company’s stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $948,190.08. Following the completion of the transaction, the chief financial officer now directly owns 126,439 shares in the company, valued at $3,910,758.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brennan A. Hughes sold 1,812 shares of Janus Henderson Group stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total transaction of $58,473.24. Following the sale, the chief accounting officer now directly owns 3,535 shares in the company, valued at approximately $114,074.45. The disclosure for this sale can be found here. In the last three months, insiders sold 70,133 shares of company stock worth $2,172,459. Corporate insiders own 19.60% of the company’s stock.

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.