Janus Henderson Group (NYSE:JHG) Sees Unusually-High Trading Volume – Here’s What Happened

Janus Henderson Group plc (NYSE:JHG) saw unusually-strong trading volume on Tuesday . Approximately 8,452,152 shares changed hands during mid-day trading, an increase of 219% from the previous session’s volume of 2,653,021 shares.The stock last traded at $51.7050 and had previously closed at $51.67.

Analysts Set New Price Targets

Several analysts have recently weighed in on JHG shares. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $48.29.

Janus Henderson Group Price Performance

The firm has a market capitalization of $7.96 billion, a price-to-earnings ratio of 10.17, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37. The stock’s fifty day moving average price is $51.40 and its two-hundred day moving average price is $48.05. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). The business had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a return on equity of 14.82% and a net margin of 24.33%.The firm’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period last year, the firm earned $0.79 earnings per share. Equities research analysts expect that Janus Henderson Group plc will post 4.39 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Ali Dibadj sold 127,632 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at $22,058,711.36. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO William B. Cassidy sold 16,947 shares of the business’s stock in a transaction on Friday, February 27th. The shares were sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the sale, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 146,229 shares of company stock valued at $7,239,650 in the last ninety days. Insiders own 21.00% of the company’s stock.

Institutional Investors Weigh In On Janus Henderson Group

A number of institutional investors and hedge funds have recently bought and sold shares of JHG. V Square Quantitative Management LLC purchased a new stake in shares of Janus Henderson Group in the fourth quarter valued at about $25,000. Bessemer Group Inc. raised its holdings in shares of Janus Henderson Group by 134.6% in the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after buying an additional 342 shares during the last quarter. United Community Bank purchased a new stake in shares of Janus Henderson Group in the third quarter valued at about $30,000. Empowered Funds LLC purchased a new stake in shares of Janus Henderson Group in the fourth quarter valued at about $33,000. Finally, Quent Capital LLC purchased a new stake in shares of Janus Henderson Group in the third quarter valued at about $36,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

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.