Absolute Gestao de Investimentos Ltda. Takes Position in Janus Henderson Group plc $JHG

Absolute Gestao de Investimentos Ltda. purchased a new position in shares of Janus Henderson Group plc (NYSE:JHG) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 92,718 shares of the company’s stock, valued at approximately $4,763,000. Absolute Gestao de Investimentos Ltda. owned 0.06% of Janus Henderson Group as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Royal Bank of Canada boosted its position in shares of Janus Henderson Group by 38.3% in the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after acquiring an additional 31,889 shares during the last quarter. Amundi increased its holdings in shares of Janus Henderson Group by 13.8% during the 1st quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after buying an additional 506 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Janus Henderson Group by 1,538.8% in the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock worth $319,000 after buying an additional 8,294 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Janus Henderson Group by 16.7% in the 1st 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 during the period. Finally, Jane Street Group LLC boosted its holdings in Janus Henderson Group by 1,924.0% in the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after acquiring an additional 265,550 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research report on Wednesday, June 24th. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $49.40.

Janus Henderson Group Stock Performance

NYSE:JHG opened at $51.95 on Friday. The business’s 50-day moving average is $51.87 and its two-hundred day moving average is $50.78. The firm has a market capitalization of $8.00 billion, a PE 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.

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