SummitTX Capital L.P. Raises Position in Janus Henderson Group plc $JHG

SummitTX Capital L.P. grew its holdings in Janus Henderson Group plc (NYSE:JHG) by 224.4% in the 1st quarter, HoldingsChannel.com reports. The fund owned 59,483 shares of the company’s stock after buying an additional 41,148 shares during the quarter. SummitTX Capital L.P.’s holdings in Janus Henderson Group were worth $3,056,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Janus Henderson Group in the fourth quarter valued at $25,000. Empowered Funds LLC acquired a new position in Janus Henderson Group during the 4th quarter worth $33,000. Larson Financial Group LLC grew its stake in Janus Henderson Group by 108.0% during the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after purchasing an additional 406 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Janus Henderson Group by 114.7% during the 4th quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock worth $40,000 after purchasing an additional 444 shares during the period. Finally, Rockefeller Capital Management L.P. increased its holdings in Janus Henderson Group by 29.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of NYSE:JHG opened at $51.95 on Wednesday. Janus Henderson Group plc has a 52 week low of $38.67 and a 52 week high of $53.76. The company’s 50 day moving average is $51.88 and its two-hundred day moving average is $50.86. The company has a market cap of $8.00 billion, a PE ratio of 10.23, a P/E/G ratio of 5.78 and a beta of 1.35. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.08). The firm 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 14.59% and a net margin of 24.33%.Janus Henderson Group’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period last year, the firm posted $0.79 earnings per share. Equities analysts predict that Janus Henderson Group plc will post 4.39 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Wednesday, June 24th. Zacks Research downgraded Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus price target of $49.40.

Janus Henderson Group 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.