Arizona State Retirement System Sells 491 Shares of Janus Henderson Group plc (NYSE:JHG)

Arizona State Retirement System trimmed its stake in Janus Henderson Group plc (NYSE:JHG) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 36,486 shares of the company’s stock after selling 491 shares during the period. Arizona State Retirement System’s holdings in Janus Henderson Group were worth $1,319,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in JHG. Cerity Partners LLC grew its holdings in shares of Janus Henderson Group by 7.7% during the 1st quarter. Cerity Partners LLC now owns 41,748 shares of the company’s stock worth $1,509,000 after purchasing an additional 2,991 shares in the last quarter. Allworth Financial LP grew its holdings in shares of Janus Henderson Group by 87.9% during the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $48,000 after purchasing an additional 684 shares in the last quarter. Crossmark Global Holdings Inc. grew its holdings in shares of Janus Henderson Group by 3.9% during the 1st quarter. Crossmark Global Holdings Inc. now owns 91,071 shares of the company’s stock worth $3,292,000 after purchasing an additional 3,389 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Janus Henderson Group by 28.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 320,093 shares of the company’s stock worth $11,571,000 after purchasing an additional 71,553 shares in the last quarter. Finally, World Investment Advisors grew its holdings in shares of Janus Henderson Group by 42.5% during the 1st quarter. World Investment Advisors now owns 9,717 shares of the company’s stock worth $351,000 after purchasing an additional 2,898 shares in the last quarter. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Trading Down 0.2%

NYSE:JHG opened at $41.58 on Friday. The company’s 50 day moving average price is $38.16 and its 200-day moving average price is $38.36. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week 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. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 16.50, a PEG ratio of 1.31 and a beta of 1.43.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. The business had revenue of $621.40 million during the quarter, compared to analyst estimates 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 prior year, the business posted $0.71 EPS. On average, equities research analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.85%. The ex-dividend date of this dividend was Monday, May 12th. This is an increase from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s payout ratio is currently 63.49%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on JHG. JPMorgan Chase & Co. boosted their target price on Janus Henderson Group from $44.00 to $47.00 and gave the stock an “overweight” rating in a research report on Wednesday. Cowen restated a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Wells Fargo & Company boosted their target price on Janus Henderson Group from $37.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, July 11th. Evercore ISI lifted their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the stock an “in-line” rating in a research note on Friday, May 2nd. Finally, Wall Street Zen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $43.33.

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.