Vanguard Group Inc. Cuts Holdings in Janus Henderson Group plc $JHG

Vanguard Group Inc. lessened its position in shares of Janus Henderson Group plc (NYSE:JHG) by 1.7% in the third quarter, Holdings Channel.com reports. The fund owned 13,819,977 shares of the company’s stock after selling 234,414 shares during the quarter. Vanguard Group Inc. owned about 0.09% of Janus Henderson Group worth $615,127,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Bessemer Group Inc. increased its position in Janus Henderson Group by 134.6% during the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after purchasing an additional 342 shares in the last quarter. United Community Bank purchased a new stake in Janus Henderson Group during the third quarter worth approximately $30,000. Quent Capital LLC acquired a new stake in shares of Janus Henderson Group in the third quarter worth $36,000. Addison Advisors LLC increased its position in shares of Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of Janus Henderson Group in the 2nd quarter valued at $37,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Janus Henderson Group

In other news, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total value of $6,269,283.84. Following the sale, the chief executive officer owned 449,078 shares in the company, valued at approximately $22,058,711.36. This represents a 22.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.40% of the company’s stock.

Janus Henderson Group Price Performance

JHG stock opened at $49.68 on Wednesday. The stock’s 50 day moving average is $48.02 and its two-hundred day moving average is $45.36. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $50.23. The company has a market capitalization of $7.67 billion, a PE ratio of 9.44, a P/E/G ratio of 1.42 and a beta of 1.54. The company has a quick ratio of 2.15, a current ratio of 4.02 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. The business had revenue of $996.60 million during 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 business’s quarterly revenue was up 61.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. Analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

JHG has been the subject of a number of research reports. Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Tuesday, December 23rd. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Finally, Bank of America reissued a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

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.