D.A. Davidson & CO. Decreases Position in Janus Henderson Group plc $JHG

D.A. Davidson & CO. lessened its stake in Janus Henderson Group plc (NYSE:JHG) by 53.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,967 shares of the company’s stock after selling 17,137 shares during the quarter. D.A. Davidson & CO.’s holdings in Janus Henderson Group were worth $666,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in shares of Janus Henderson Group in the second quarter valued at $86,180,000. AQR Capital Management LLC grew its stake in shares of Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after acquiring an additional 1,773,964 shares during the period. Jane Street Group LLC increased its holdings in Janus Henderson Group by 1,924.0% in the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after acquiring an additional 265,550 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Janus Henderson Group by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after acquiring an additional 186,218 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock valued at $198,162,000 after acquiring an additional 155,947 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Price Performance

NYSE:JHG opened at $47.95 on Tuesday. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $49.42. The stock has a fifty day moving average of $45.17 and a 200 day moving average of $43.88. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. The firm has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.06, a P/E/G ratio of 0.75 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $695.57 million. During the same quarter last year, the firm posted $0.91 EPS. The company’s revenue was up 12.1% compared to the same quarter last year. On average, research analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. Janus Henderson Group’s payout ratio is currently 46.92%.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Morgan Stanley increased their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Bank of America restated a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Tuesday, December 23rd. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have issued a Hold rating to the company’s stock. According to MarketBeat.com, Janus Henderson Group has an average rating of “Hold” and an average target price of $47.67.

Janus Henderson Group Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.