111 Capital Trims Position in Janus Henderson Group plc $JHG

Key Points

• 111 Capital has significantly reduced its stake in Janus Henderson Group plc by 58.9% during the second quarter, resulting in ownership of just 9,272 shares worth approximately $360,000.
• Analysts remain optimistic about Janus Henderson Group with target price increases from firms including Bank of America and JPMorgan Chase & Co., while the stock has a consensus rating of "Moderate Buy".
• The CFO and another insider have sold significant shares recently, indicating a combined decrease in ownership that could reflect changing confidence or strategy within the company's leadership.

111 Capital decreased its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 58.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,272 shares of the company's stock after selling 13,266 shares during the quarter. 111 Capital's holdings in Janus Henderson Group were worth $360,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. SG Americas Securities LLC lifted its holdings in Janus Henderson Group by 4,233.1% in the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after buying an additional 815,124 shares during the period. Nuveen LLC bought a new position in shares of Janus Henderson Group during the first quarter valued at $21,890,000. Hsbc Holdings PLC raised its position in shares of Janus Henderson Group by 821.8% in the 1st quarter. Hsbc Holdings PLC now owns 463,104 shares of the company's stock worth $16,519,000 after purchasing an additional 412,865 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Janus Henderson Group by 7.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock worth $178,800,000 after purchasing an additional 352,617 shares in the last quarter. Finally, Jupiter Asset Management Ltd. grew its position in Janus Henderson Group by 48.5% during the 1st quarter. Jupiter Asset Management Ltd. now owns 995,445 shares of the company's stock valued at $35,985,000 after purchasing an additional 325,240 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on JHG. Bank of America lifted their target price on shares of Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a report on Thursday. Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Morgan Stanley increased their target price on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. BMO Capital Markets began coverage on Janus Henderson Group in a research note on Friday. They issued an "outperform" rating and a $52.00 price target for the company. Finally, JPMorgan Chase & Co. upped their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $46.20.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 27,491 shares of Janus Henderson Group stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the transaction, the chief financial officer directly owned 113,097 shares of the company's stock, valued at $5,118,770.22. The trade was a 19.55% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider owned 58,057 shares of the company's stock, valued at approximately $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company insiders.

Janus Henderson Group Trading Up 1.3%

Janus Henderson Group stock opened at $45.54 on Monday. The business has a 50-day simple moving average of $44.01 and a two-hundred day simple moving average of $39.12. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $46.68. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.10 billion, a P/E ratio of 17.12, a P/E/G ratio of 1.02 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company had revenue of $633.20 million for the quarter, compared to the consensus estimate of $614.46 million. During the same quarter last year, the firm posted $0.85 earnings per share. The firm's revenue was up 7.6% compared to the same quarter last year. Analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.5%. The ex-dividend date was Monday, August 11th. Janus Henderson Group's dividend payout ratio is 60.15%.

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.

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