Janus Henderson Group plc $JHG Holdings Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its position in shares of Janus Henderson Group plc (NYSE:JHG) by 28.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 754,201 shares of the company’s stock after acquiring an additional 168,241 shares during the period. JPMorgan Chase & Co. owned about 0.49% of Janus Henderson Group worth $33,569,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bessemer Group Inc. increased its stake 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 purchasing an additional 342 shares during the last quarter. United Community Bank acquired a new stake in shares of Janus Henderson Group during the third quarter worth $30,000. Quent Capital LLC bought a new position in shares of Janus Henderson Group in the 3rd quarter worth about $36,000. Addison Advisors LLC lifted its position in shares of Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after buying an additional 243 shares during the last quarter. Finally, Clearstead Advisors LLC boosted its holdings in shares of Janus Henderson Group by 170.4% in the 3rd quarter. Clearstead Advisors LLC now owns 1,144 shares of the company’s stock valued at $51,000 after buying an additional 721 shares during the period. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Stock Performance

Shares of NYSE JHG opened at $50.41 on Monday. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $53.76. The company has a market cap of $7.77 billion, a PE ratio of 9.58, a P/E/G ratio of 1.44 and a beta of 1.53. The stock has a 50 day simple moving average of $49.41 and a 200-day simple moving average of $46.31. 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 (NYSE:JHG) last announced its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $996.60 million for the quarter, compared to the consensus estimate of $763.09 million. During the same quarter in the previous year, the business earned $1.07 EPS. The firm’s revenue for the quarter was up 61.3% on a year-over-year basis. On average, equities research analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on JHG shares. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Bank of America reaffirmed a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Evercore lowered their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

Insider Activity

In related news, CTO William B. Cassidy sold 16,947 shares of the company’s stock in a transaction dated Friday, February 27th. The shares were sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares of the company’s stock, valued at $6,216,941.53. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Ali Dibadj sold 127,632 shares of the stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the transaction, the chief executive officer owned 449,078 shares of the company’s stock, valued at $22,058,711.36. This represents a 22.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 146,229 shares of company stock valued at $7,239,650. Company insiders own 20.40% of the company’s stock.

Janus Henderson Group Company 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.