Midwest Trust Co Invests $258,000 in Janus Henderson Group plc $JHG

Midwest Trust Co purchased a new position in shares of Janus Henderson Group plc (NYSE:JHG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 6,639 shares of the company’s stock, valued at approximately $258,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted its holdings in Janus Henderson Group by 182.2% in the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock valued at $33,000 after purchasing an additional 594 shares in the last quarter. Allworth Financial LP raised its stake in shares of Janus Henderson Group by 87.9% during the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $48,000 after buying an additional 684 shares in the last quarter. Fifth Third Bancorp lifted its holdings in shares of Janus Henderson Group by 40.2% in the 2nd quarter. Fifth Third Bancorp now owns 2,167 shares of the company’s stock valued at $84,000 after buying an additional 621 shares during the period. UMB Bank n.a. boosted its stake in shares of Janus Henderson Group by 86.3% in the second quarter. UMB Bank n.a. now owns 2,183 shares of the company’s stock valued at $85,000 after buying an additional 1,011 shares in the last quarter. Finally, Wealthquest Corp purchased a new stake in shares of Janus Henderson Group in the first quarter valued at approximately $115,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on JHG shares. Weiss Ratings reiterated a “buy (b-)” rating on shares of Janus Henderson Group in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Sunday, November 9th. Cowen reiterated a “buy” rating on shares of Janus Henderson Group in a report on Friday, October 31st. Morgan Stanley reiterated a “positive” rating on shares of Janus Henderson Group in a research note on Monday, October 6th. Finally, BMO Capital Markets assumed coverage on shares of Janus Henderson Group in a report on Friday, October 3rd. They set an “outperform” rating and a $52.00 price objective on the stock. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of $48.11.

Janus Henderson Group Trading Down 1.7%

Shares of JHG stock opened at $43.72 on Friday. The stock has a market cap of $6.75 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.96 and a beta of 1.59. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $49.42. The business has a fifty day simple moving average of $44.00 and a 200-day simple moving average of $41.19.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, October 30th. The company reported $1.09 EPS for the quarter, topping the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $695.57 million. During the same period in the previous year, the firm earned $0.91 EPS. The business’s revenue for the quarter was up 12.1% compared to the same quarter last year. On average, analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be given a $0.40 dividend. The ex-dividend date is Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Janus Henderson Group’s dividend payout ratio is currently 46.92%.

Insider Buying and Selling at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 27,491 shares of the firm’s stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the transaction, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at $5,118,770.22. This trade represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 20.40% of the stock is currently owned by company insiders.

Janus Henderson Group Company 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.