AlTi Global Inc. Buys New Position in Janus Henderson Group plc $JHG

AlTi Global Inc. bought a new stake in Janus Henderson Group plc (NYSE:JHG) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 25,001 shares of the company’s stock, valued at approximately $1,284,000.

Other hedge funds also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in Janus Henderson Group during the fourth quarter worth approximately $25,000. Empowered Funds LLC acquired a new position in Janus Henderson Group in the 4th quarter valued at $33,000. Larson Financial Group LLC lifted its stake in shares of Janus Henderson Group by 108.0% during the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after purchasing an additional 406 shares during the period. Hantz Financial Services Inc. boosted its holdings in shares of Janus Henderson Group by 114.7% during the fourth quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock worth $40,000 after purchasing an additional 444 shares during the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in shares of Janus Henderson Group by 29.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $51.95 on Tuesday. The company has a market cap of $8.00 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 5.78 and a beta of 1.35. Janus Henderson Group plc has a 12 month low of $38.67 and a 12 month high of $53.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. The stock’s 50-day moving average is $51.85 and its 200-day moving average is $50.68.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. During the same period last year, the company posted $0.79 EPS. The firm’s revenue for the quarter was up 11.0% compared to the same quarter last year. Equities analysts anticipate that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms have commented on JHG. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. Zacks Research downgraded 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, one has assigned a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $49.40.

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.