Confluence Wealth Services Inc. Cuts Holdings in Janus Henderson Group plc $JHG

Confluence Wealth Services Inc. trimmed its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 33.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,509 shares of the company’s stock after selling 12,431 shares during the quarter. Confluence Wealth Services Inc.’s holdings in Janus Henderson Group were worth $1,166,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the business. Cibc World Market Inc. increased its holdings in Janus Henderson Group by 2.9% during the third quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock valued at $375,000 after buying an additional 234 shares during the period. Addison Advisors LLC increased its holdings in Janus Henderson Group by 42.3% during the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 243 shares during the period. Integrated Advisors Network LLC increased its holdings in Janus Henderson Group by 4.7% during the third quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company’s stock valued at $308,000 after buying an additional 308 shares during the period. Bessemer Group Inc. increased its holdings in Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after buying an additional 342 shares during the period. Finally, Signaturefd LLC increased its holdings in Janus Henderson Group by 4.8% during the third quarter. Signaturefd LLC now owns 8,020 shares of the company’s stock valued at $357,000 after buying an additional 369 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on JHG. Bank of America reaffirmed a “neutral” rating and issued a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Finally, Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $48.29.

Janus Henderson Group Price Performance

NYSE JHG opened at $51.55 on Friday. The firm’s fifty day simple moving average is $51.05 and its two-hundred day simple moving average is $47.41. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. Janus Henderson Group plc has a 12-month low of $31.88 and a 12-month high of $53.76. The firm has a market capitalization of $7.94 billion, a P/E ratio of 9.80, a P/E/G ratio of 5.73 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The business had revenue of $996.60 million for the quarter, compared to analyst estimates of $763.09 million. During the same period in the previous year, the company earned $1.07 earnings per share. The business’s revenue for the quarter was up 61.3% on a year-over-year basis. Analysts forecast that Janus Henderson Group plc will post 4.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CTO William B. Cassidy sold 16,947 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $52.27, for a total transaction of $885,819.69. Following the sale, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the sale, the insider directly owned 12,204 shares in the company, valued at $625,332.96. This trade represents a 11.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 146,229 shares of company stock valued at $7,239,650. 19.60% of the stock is currently owned by insiders.

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.