Bank of New York Mellon Corp Lowers Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Bank of New York Mellon Corp reduced its position in shares of Janus Henderson Group plc (NYSE:JHG) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,131,011 shares of the company’s stock after selling 22,404 shares during the period. Bank of New York Mellon Corp owned about 0.70% of Janus Henderson Group worth $38,126,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Versant Capital Management Inc acquired a new stake in shares of Janus Henderson Group in the second quarter valued at $34,000. EverSource Wealth Advisors LLC raised its stake in shares of Janus Henderson Group by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after acquiring an additional 369 shares in the last quarter. Abich Financial Wealth Management LLC raised its stake in shares of Janus Henderson Group by 41.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock valued at $47,000 after acquiring an additional 419 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Janus Henderson Group by 159.6% in the second quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock valued at $82,000 after acquiring an additional 1,500 shares in the last quarter. Finally, Assetmark Inc. raised its stake in shares of Janus Henderson Group by 18.2% in the fourth quarter. Assetmark Inc. now owns 5,208 shares of the company’s stock valued at $157,000 after acquiring an additional 802 shares in the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $37.61 on Tuesday. Janus Henderson Group plc has a one year low of $22.17 and a one year high of $39.11. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 14.19, a PEG ratio of 0.75 and a beta of 1.51. The company has a 50-day simple moving average of $35.47 and a 200-day simple moving average of $33.45. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same period last year, the firm earned $0.62 EPS. On average, analysts predict that Janus Henderson Group plc will post 3.23 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.56 annualized dividend and a yield of 4.15%. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

Insiders Place Their Bets

In related news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at $3,251,142.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, major shareholder Henderson Group Plc Janus purchased 166,042 shares of the stock in a transaction dated Wednesday, July 3rd. The shares were acquired at an average cost of $3.55 per share, with a total value of $589,449.10. Following the purchase, the insider now directly owns 1,648,577 shares in the company, valued at approximately $5,852,448.35. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Michelle Rosenberg sold 7,651 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the transaction, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. The disclosure for this sale can be found here. In the last quarter, insiders bought 492,997 shares of company stock worth $1,667,418. 19.60% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of brokerages have issued reports on JHG. TD Cowen lifted their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. StockNews.com downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. upped their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, UBS Group boosted their price target on shares of Janus Henderson Group from $30.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $32.26.

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.