Hennion & Walsh Asset Management Inc. Sells 10,798 Shares of Janus Henderson Group plc $JHG

Hennion & Walsh Asset Management Inc. lowered its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 61.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 6,905 shares of the company’s stock after selling 10,798 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Janus Henderson Group were worth $328,000 as of its most recent filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Millennium Management LLC raised its holdings in Janus Henderson Group by 20.3% in the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after acquiring an additional 1,154,481 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of Janus Henderson Group by 29.7% in the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock valued at $213,649,000 after purchasing an additional 1,099,858 shares in the last quarter. State Street Corp lifted its position in Janus Henderson Group by 0.6% in the second quarter. State Street Corp now owns 4,578,071 shares of the company’s stock worth $177,812,000 after purchasing an additional 28,114 shares during the period. Qube Research & Technologies Ltd boosted its stake in Janus Henderson Group by 8.7% during the second quarter. Qube Research & Technologies Ltd now owns 1,856,228 shares of the company’s stock worth $72,096,000 after buying an additional 148,132 shares in the last quarter. Finally, Clark Capital Management Group Inc. increased its holdings in Janus Henderson Group by 101.2% in the 3rd quarter. Clark Capital Management Group Inc. now owns 1,829,676 shares of the company’s stock valued at $81,439,000 after buying an additional 920,477 shares during the period. 87.94% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Janus Henderson Group

In related news, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the transaction, the chief executive officer owned 449,078 shares in the company, valued at $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction dated Friday, February 27th. The stock was 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 approximately $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,229 shares of company stock valued at $7,239,650 over the last quarter. Corporate insiders own 19.60% of the company’s stock.

Analysts Set New Price Targets

JHG has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research upgraded shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Evercore lowered their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Bank of America reiterated a “neutral” rating and issued a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.29.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $51.46 on Monday. The business’s fifty day moving average is $50.11 and its two-hundred day moving average is $46.78. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18. The firm has a market cap of $7.93 billion, a P/E ratio of 9.78, a P/E/G ratio of 1.47 and a beta of 1.50. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $53.76.

Janus Henderson Group (NYSE:JHG) last issued 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. The business had revenue of $996.60 million for the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm’s quarterly revenue was up 61.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.07 EPS. Equities research analysts forecast 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.