D.A. Davidson & CO. Boosts Stock Holdings in Janus Henderson Group plc $JHG

D.A. Davidson & CO. raised its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 95.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,104 shares of the company’s stock after buying an additional 15,716 shares during the period. D.A. Davidson & CO.’s holdings in Janus Henderson Group were worth $1,247,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Nuveen LLC purchased a new stake in shares of Janus Henderson Group during the first quarter worth about $21,890,000. Hsbc Holdings PLC boosted its holdings in shares of Janus Henderson Group by 821.8% during the first quarter. Hsbc Holdings PLC now owns 463,104 shares of the company’s stock worth $16,519,000 after purchasing an additional 412,865 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of Janus Henderson Group by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company’s stock worth $178,800,000 after purchasing an additional 352,617 shares during the period. Jupiter Asset Management Ltd. boosted its holdings in shares of Janus Henderson Group by 48.5% during the first quarter. Jupiter Asset Management Ltd. now owns 995,445 shares of the company’s stock worth $35,985,000 after purchasing an additional 325,240 shares during the period. Finally, Jane Street Group LLC boosted its holdings in shares of Janus Henderson Group by 1,924.0% during the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after purchasing an additional 265,550 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Morgan Stanley reiterated a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Janus Henderson Group in a report on Wednesday, October 8th. BMO Capital Markets assumed coverage on shares of Janus Henderson Group in a report on Friday, October 3rd. They set an “outperform” rating and a $52.00 target price for the company. Wells Fargo & Company increased their target price on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, July 11th. Finally, Bank of America raised their price objective on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, Janus Henderson Group has an average rating of “Moderate Buy” and an average price target of $47.00.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $46.31 on Tuesday. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $49.42. The company has a 50 day simple moving average of $44.03 and a two-hundred day simple moving average of $40.11. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 17.41, a P/E/G ratio of 0.90 and a beta of 1.54. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share 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 business had revenue of $633.20 million during the quarter, compared to the consensus estimate of $614.46 million. During the same quarter last year, the firm earned $0.85 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. Analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. Janus Henderson Group’s dividend payout ratio (DPR) is 60.15%.

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the firm’s stock in a transaction that occurred 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 owned 58,057 shares of the company’s stock, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Roger Mj Thompson sold 27,491 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the sale, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at $5,118,770.22. This trade represents a 19.55% decrease in their position. The disclosure for this sale can be found here. 19.60% of the stock is owned by company insiders.

Janus Henderson Group Company 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.