Janus Henderson Group plc (NYSE:JHG) Shares Sold by New York State Teachers Retirement System

New York State Teachers Retirement System decreased its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 5.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,591 shares of the company’s stock after selling 10,402 shares during the period. New York State Teachers Retirement System owned approximately 0.11% of Janus Henderson Group worth $6,275,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of JHG. Norges Bank bought a new stake in shares of Janus Henderson Group in the 4th quarter worth $83,525,000. Castlekeep Investment Advisors LLC acquired a new position in Janus Henderson Group during the fourth quarter worth about $74,989,000. Millennium Management LLC grew its holdings in Janus Henderson Group by 23.9% during the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company’s stock worth $308,242,000 after acquiring an additional 1,399,781 shares during the period. SG Americas Securities LLC raised its position in Janus Henderson Group by 4,233.1% in the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company’s stock worth $30,163,000 after acquiring an additional 815,124 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its position in Janus Henderson Group by 113.7% in the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company’s stock worth $42,981,000 after acquiring an additional 537,700 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Morgan Stanley lifted their price objective on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday. Cowen restated a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Bank of America raised Janus Henderson Group from a “neutral” rating to a “buy” rating and dropped their price target for the company from $57.00 to $43.00 in a report on Thursday, April 3rd. Wells Fargo & Company reduced their price objective on Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Finally, The Goldman Sachs Group decreased their target price on Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $43.11.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $40.30 on Friday. The company’s fifty day moving average is $36.93 and its two-hundred day moving average is $38.48. The company has a market cap of $6.35 billion, a P/E ratio of 15.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $46.68. The company has a quick ratio of 2.67, a current ratio of 4.38 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $621.40 million for the quarter, compared to the consensus estimate of $623.56 million. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. Janus Henderson Group’s revenue for the quarter was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.71 earnings per share. Equities analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.97%. The ex-dividend date was Monday, May 12th. This is a boost from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s payout ratio is 63.49%.

About Janus Henderson Group

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.