Millennium Management LLC Decreases Stake in Janus Henderson Group PLC (JHG)
Millennium Management LLC trimmed its stake in shares of Janus Henderson Group PLC (NYSE:JHG) by 42.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 196,597 shares of the company’s stock after selling 142,807 shares during the period. Millennium Management LLC’s holdings in Janus Henderson Group were worth $4,073,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Macquarie Group Ltd. bought a new stake in Janus Henderson Group during the third quarter valued at approximately $5,573,000. Municipal Employees Retirement System of Michigan bought a new stake in Janus Henderson Group during the fourth quarter valued at approximately $838,000. Dupont Capital Management Corp bought a new stake in Janus Henderson Group during the fourth quarter valued at approximately $313,000. Investors Research Corp grew its position in Janus Henderson Group by 340.1% during the fourth quarter. Investors Research Corp now owns 44,612 shares of the company’s stock valued at $924,000 after buying an additional 34,475 shares during the period. Finally, Standard Life Aberdeen plc grew its position in Janus Henderson Group by 44.8% during the fourth quarter. Standard Life Aberdeen plc now owns 70,062 shares of the company’s stock valued at $1,419,000 after buying an additional 21,670 shares during the period. 60.41% of the stock is owned by hedge funds and other institutional investors.
Several analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a research report on Wednesday, April 10th. ValuEngine lowered shares of Janus Henderson Group from a “sell” rating to a “strong sell” rating in a research report on Tuesday, April 9th. JPMorgan Chase & Co. lowered shares of Janus Henderson Group from an “overweight” rating to a “neutral” rating in a research report on Thursday, April 11th. Finally, Bank of America set a $24.00 target price on shares of Janus Henderson Group and gave the company a “sell” rating in a research report on Tuesday, April 9th. Three analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $28.13.
Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Tuesday, February 5th. The company reported $0.59 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.04). The firm had revenue of $545.10 million during the quarter, compared to the consensus estimate of $560.57 million. Janus Henderson Group had a return on equity of 11.05% and a net margin of 22.53%. The business’s revenue for the quarter was down 12.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.73 earnings per share. Equities research analysts anticipate that Janus Henderson Group PLC will post 2.57 earnings per share for the current fiscal year.
Janus Henderson Group Profile
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
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