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

Envestnet Asset Management Inc. lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 28.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 320,093 shares of the company’s stock after purchasing an additional 71,553 shares during the period. Envestnet Asset Management Inc. owned 0.20% of Janus Henderson Group worth $11,571,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. UMB Bank n.a. boosted its holdings in Janus Henderson Group by 48.9% in the 1st 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 period. True Wealth Design LLC boosted its holdings in Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company’s stock valued at $43,000 after purchasing an additional 409 shares during the period. Bessemer Group Inc. boosted its holdings in Janus Henderson Group by 825.2% in the 4th quarter. Bessemer Group Inc. now owns 1,286 shares of the company’s stock valued at $55,000 after purchasing an additional 1,147 shares during the period. Farther Finance Advisors LLC boosted its holdings in Janus Henderson Group by 82.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company’s stock valued at $83,000 after purchasing an additional 1,038 shares during the period. Finally, Huntington National Bank boosted its holdings in Janus Henderson Group by 89.7% in the 4th quarter. Huntington National Bank now owns 2,312 shares of the company’s stock valued at $98,000 after purchasing an additional 1,093 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 2nd. Wells Fargo & Company boosted their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. The Goldman Sachs Group reduced their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. JPMorgan Chase & Co. boosted their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Bank of America raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $57.00 to $43.00 in a research note on Thursday, April 3rd. Six investment 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, the company presently has a consensus rating of “Hold” and a consensus price target of $43.33.

Janus Henderson Group Trading Down 0.2%

Shares of JHG opened at $41.58 on Friday. Janus Henderson Group plc has a twelve month low of $28.26 and a twelve month high of $46.68. The company has a market cap of $6.55 billion, a P/E ratio of 16.50, a P/E/G ratio of 1.31 and a beta of 1.43. The company has a current ratio of 4.38, a quick ratio of 2.67 and a debt-to-equity ratio of 0.08. The company’s fifty day simple moving average is $38.16 and its 200-day simple moving average is $38.36.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, May 1st. The company reported $0.79 EPS 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 net margin of 15.56% and a return on equity of 12.13%. The company’s revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.71 EPS. As a group, analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date was Monday, May 12th. This is a boost from Janus Henderson Group’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 3.85%. Janus Henderson Group’s dividend payout ratio (DPR) 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.