Avantax Advisory Services Inc. Raises Stock Position in Janus Henderson Group plc (NYSE:JHG)

Avantax Advisory Services Inc. boosted its position in shares of Janus Henderson Group plc (NYSE:JHG) by 24.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,919 shares of the company’s stock after acquiring an additional 1,563 shares during the period. Avantax Advisory Services Inc.’s holdings in Janus Henderson Group were worth $286,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of JHG. Wellington Management Group LLP lifted its position in Janus Henderson Group by 55.0% during the fourth quarter. Wellington Management Group LLP now owns 115,387 shares of the company’s stock valued at $4,907,000 after purchasing an additional 40,951 shares during the last quarter. Wells Fargo & Company MN lifted its position in Janus Henderson Group by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 8,755 shares of the company’s stock valued at $372,000 after purchasing an additional 339 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Janus Henderson Group by 4.1% during the fourth quarter. Envestnet Asset Management Inc. now owns 248,540 shares of the company’s stock valued at $10,570,000 after purchasing an additional 9,896 shares during the last quarter. Federated Hermes Inc. lifted its position in Janus Henderson Group by 734.9% during the fourth quarter. Federated Hermes Inc. now owns 141,939 shares of the company’s stock valued at $6,037,000 after purchasing an additional 124,938 shares during the last quarter. Finally, Cerity Partners LLC lifted its position in Janus Henderson Group by 127.4% during the fourth quarter. Cerity Partners LLC now owns 38,757 shares of the company’s stock valued at $1,619,000 after purchasing an additional 21,713 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Trading Up 0.6%

NYSE:JHG opened at $42.72 on Friday. The company has a fifty day moving average of $39.77 and a 200 day moving average of $38.44. 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 2.30, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The firm has a market capitalization of $6.66 billion, a P/E ratio of 16.06, a P/E/G ratio of 1.02 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. During the same period in the prior year, the business posted $0.85 EPS. The firm’s revenue was up 7.6% compared to the same quarter last year. On average, research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 11th. Janus Henderson Group’s dividend payout ratio is currently 60.15%.

Wall Street Analyst Weigh In

JHG has been the subject of several research analyst reports. Wells Fargo & Company lifted their target price 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. Morgan Stanley lifted their target price 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. Cowen restated a “buy” rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. JPMorgan Chase & Co. boosted their price objective on shares of Janus Henderson Group from $44.00 to $47.00 and gave the stock an “overweight” rating in a report on Wednesday, July 16th. Finally, 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and an average price target of $43.33.

Insider Buying and Selling

In related news, insider Georgina Fogo sold 69,000 shares of the company’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the sale, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 19.60% of the stock is owned by corporate insiders.

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.