Ritholtz Wealth Management Sells 2,990 Shares of Janus Henderson Group plc (NYSE:JHG)

Ritholtz Wealth Management cut its holdings in Janus Henderson Group plc (NYSE:JHG) by 14.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,225 shares of the company’s stock after selling 2,990 shares during the period. Ritholtz Wealth Management’s holdings in Janus Henderson Group were worth $659,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. True Wealth Design LLC increased its holdings in shares of Janus Henderson Group by 66.9% during the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock valued at $43,000 after acquiring an additional 409 shares during the last quarter. Larson Financial Group LLC boosted its holdings in Janus Henderson Group by 33.9% during 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 period. UMB Bank n.a. grew its position in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company’s stock valued at $42,000 after purchasing an additional 385 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Janus Henderson Group by 825.2% in the fourth quarter. Bessemer Group Inc. now owns 1,286 shares of the company’s stock worth $55,000 after purchasing an additional 1,147 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Janus Henderson Group by 48.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the company’s stock worth $80,000 after purchasing an additional 613 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Janus Henderson Group Stock Up 0.8%

Shares of NYSE:JHG opened at $36.61 on Thursday. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The company has a 50 day moving average of $35.18 and a 200-day moving average of $38.98. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.38 and a quick ratio of 2.67. The stock has a market cap of $5.77 billion, a price-to-earnings ratio of 14.53, a P/E/G ratio of 1.28 and a beta of 1.42.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The firm had revenue of $621.40 million during the quarter, compared to analyst estimates of $623.56 million. Janus Henderson Group had a net margin of 15.56% and a return on equity of 12.13%. The business’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.71 EPS. On average, sell-side analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were paid a $0.40 dividend. This is a positive change from Janus Henderson Group’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 4.37%. Janus Henderson Group’s dividend payout ratio is presently 63.49%.

Analyst Ratings Changes

Several research analysts have recently issued reports on JHG shares. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. Wall Street Zen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. The Goldman Sachs Group reduced their price objective on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Bank of America raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and lowered their target price for the company from $57.00 to $43.00 in a research note on Thursday, April 3rd. Finally, Morgan Stanley lifted their price objective on Janus Henderson Group from $32.00 to $33.00 and gave the company an “equal weight” rating in a report on Tuesday, May 6th. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Janus Henderson Group has a consensus rating of “Hold” and a consensus price target of $42.78.

Janus Henderson Group 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.