Janus Henderson Group plc $JHG Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 67.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 403,045 shares of the company’s stock after purchasing an additional 162,920 shares during the quarter. Envestnet Asset Management Inc. owned about 0.26% of Janus Henderson Group worth $17,940,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of JHG. United Community Bank purchased a new stake in shares of Janus Henderson Group in the third quarter valued at about $30,000. Quent Capital LLC purchased a new position in Janus Henderson Group during the third quarter worth about $36,000. Traub Capital Management LLC acquired a new stake in Janus Henderson Group in the second quarter valued at about $37,000. True Wealth Design LLC boosted its holdings in Janus Henderson Group by 1,019.4% in the 3rd quarter. True Wealth Design LLC now owns 1,556 shares of the company’s stock valued at $69,000 after purchasing an additional 1,417 shares in the last quarter. Finally, Richardson Financial Services Inc. increased its position in Janus Henderson Group by 237.8% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,598 shares of the company’s stock worth $71,000 after purchasing an additional 1,125 shares during the period. 87.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on JHG. Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Morgan Stanley upped their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Bank of America reiterated a “neutral” rating and issued a $49.00 price objective (down previously from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Finally, TD Cowen downgraded 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 report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, three have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Janus Henderson Group has an average rating of “Moderate Buy” and an average price target of $47.67.

Janus Henderson Group Price Performance

JHG stock opened at $49.03 on Friday. The stock’s 50 day moving average price is $47.43 and its 200 day moving average price is $45.03. The firm has a market cap of $7.57 billion, a P/E ratio of 9.32, a PEG ratio of 1.40 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02. Janus Henderson Group plc has a 1 year low of $28.26 and a 1 year high of $49.42.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The company had revenue of $996.60 million during the quarter, compared to analysts’ expectations of $763.09 million. During the same period in the previous year, the firm posted $1.07 earnings per share. The business’s revenue for the quarter was up 61.3% compared to the same quarter last year. On average, sell-side analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

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.