ARGA Investment Management LP Buys 29,068 Shares of Janus Henderson Group plc $JHG

ARGA Investment Management LP boosted its position in Janus Henderson Group plc (NYSE:JHG) by 90.7% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 61,127 shares of the company’s stock after purchasing an additional 29,068 shares during the period. ARGA Investment Management LP’s holdings in Janus Henderson Group were worth $2,721,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of JHG. Norges Bank bought a new stake in Janus Henderson Group in the 2nd quarter valued at $86,180,000. AQR Capital Management LLC increased its holdings in 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 purchasing an additional 1,773,964 shares during the period. Jane Street Group LLC increased its position in Janus Henderson Group by 1,924.0% during the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after purchasing an additional 265,550 shares during the period. Goldman Sachs Group Inc. raised its stake in Janus Henderson Group by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after buying an additional 186,218 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of 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 worth $198,162,000 after acquiring an additional 155,947 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

JHG has been the subject of several research analyst reports. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research note on Tuesday, December 23rd. Morgan Stanley lifted their price target on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Bank of America restated a “neutral” rating and set a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Finally, Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $47.67.

Janus Henderson Group Stock Performance

Shares of JHG opened at $47.97 on Friday. The company has a quick ratio of 2.15, a current ratio of 4.02 and a debt-to-equity ratio of 0.08. The stock has a 50 day moving average price of $45.93 and a 200 day moving average price of $44.34. The company has a market capitalization of $7.41 billion, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $49.42.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The firm had revenue of $700.40 million during the quarter, compared to analysts’ expectations of $695.57 million. Janus Henderson Group had a net margin of 19.82% and a return on equity of 12.35%. Janus Henderson Group’s quarterly revenue was up 12.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.91 EPS. Research analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were given a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.3%. Janus Henderson Group’s payout ratio is presently 46.92%.

About Janus Henderson Group

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.