Envestnet Asset Management Inc. Raises Stake in Janus Henderson Group plc (NYSE:JHG)

Envestnet Asset Management Inc. grew its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 4.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 248,540 shares of the company’s stock after buying an additional 9,896 shares during the period. Envestnet Asset Management Inc. owned 0.16% of Janus Henderson Group worth $10,570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of JHG. Richardson Financial Services Inc. grew its stake in Janus Henderson Group by 89.4% in the 4th quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock worth $33,000 after buying an additional 363 shares in the last quarter. UMB Bank n.a. grew its position in Janus Henderson Group by 56.5% in the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares in the last quarter. Larson Financial Group LLC increased its stake in Janus Henderson Group by 33.9% in the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock valued at $48,000 after acquiring an additional 288 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in Janus Henderson Group by 48.7% during the fourth quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the company’s stock valued at $80,000 after purchasing an additional 613 shares in the last quarter. Finally, Huntington National Bank lifted its stake in Janus Henderson Group by 89.7% during the fourth quarter. Huntington National Bank now owns 2,312 shares of the company’s stock worth $98,000 after purchasing an additional 1,093 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JHG. JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $44.00 to $53.00 in a report on Wednesday, February 5th. Bank of America raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and decreased their price target for the stock from $57.00 to $43.00 in a research note on Thursday, April 3rd. StockNews.com cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Morgan Stanley lifted their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. Finally, The Goldman Sachs Group cut their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Six investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and an average target price of $44.22.

Janus Henderson Group Price Performance

JHG opened at $30.72 on Friday. The stock’s 50 day moving average price is $37.08 and its 200-day moving average price is $40.79. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $46.68. The stock has a market capitalization of $4.84 billion, a PE ratio of 12.00, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Friday, January 31st. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period in the previous year, the business posted $0.82 earnings per share. On average, equities research analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Investors of record on Tuesday, February 11th were paid a $0.39 dividend. The ex-dividend date was Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 5.08%. Janus Henderson Group’s payout ratio is 60.94%.

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.