Gamco Investors INC. ET AL Cuts Position in Janus Henderson Group plc $JHG

Gamco Investors INC. ET AL decreased its position in shares of Janus Henderson Group plc (NYSE:JHG) by 8.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 398,208 shares of the company’s stock after selling 37,824 shares during the period. Gamco Investors INC. ET AL owned approximately 0.26% of Janus Henderson Group worth $20,456,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Morningstar Investment Management LLC increased its position in shares of Janus Henderson Group by 17.1% during the 1st quarter. Morningstar Investment Management LLC now owns 35,001 shares of the company’s stock valued at $1,798,000 after purchasing an additional 5,103 shares during the last quarter. Capula Management Ltd bought a new stake in Janus Henderson Group in the 1st quarter worth approximately $11,580,000. Lido Advisors LLC boosted its stake in Janus Henderson Group by 35.6% in the first quarter. Lido Advisors LLC now owns 7,907 shares of the company’s stock worth $406,000 after buying an additional 2,078 shares in the last quarter. AlTi Global Inc. purchased a new stake in Janus Henderson Group in the first quarter worth approximately $1,284,000. Finally, Earned Wealth Advisors LLC bought a new position in Janus Henderson Group during the first quarter valued at approximately $223,000. Institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

NYSE JHG opened at $51.95 on Friday. Janus Henderson Group plc has a 1-year low of $38.67 and a 1-year high of $53.76. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07. The stock has a 50-day moving average of $51.87 and a 200-day moving average of $50.78. The firm has a market cap 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 (NYSE:JHG) last issued its earnings results on Friday, May 8th. The company reported $0.90 earnings per share 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 company had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. During the same quarter in the prior year, the company earned $0.79 earnings per share. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, sell-side analysts forecast that Janus Henderson Group plc will post 4.39 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on JHG shares. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $49.40.

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.