Walleye Capital LLC Acquires New Position in Janus Henderson Group plc $JHG

Key Points

• Walleye Capital LLC acquired 43,800 shares of Janus Henderson Group plc, valued at approximately $1,583,000, marking a new stake for the investment firm.
• Janus Henderson Group reported earnings per share of $0.90 for the last quarter, exceeding expectations and showing a 7.6% increase in revenue compared to the same period last year.
• The company recently declared a $0.40 quarterly dividend, yielding 3.6% annually, with a payout ratio of 60.15% as of the ex-dividend date.

Walleye Capital LLC acquired a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 43,800 shares of the company's stock, valued at approximately $1,583,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group grew its position in shares of Janus Henderson Group by 182.2% in the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock valued at $33,000 after purchasing an additional 594 shares during the period. UMB Bank n.a. grew its position in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after purchasing an additional 385 shares during the period. Allworth Financial LP grew its position in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after purchasing an additional 684 shares during the period. Farther Finance Advisors LLC grew its position in shares of Janus Henderson Group by 82.3% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after purchasing an additional 1,038 shares during the period. Finally, Wealthquest Corp purchased a new stake in shares of Janus Henderson Group in the first quarter valued at $115,000. Hedge funds and other institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Down 1.7%

Shares of JHG traded down $0.74 during midday trading on Wednesday, reaching $43.57. 487,244 shares of the company were exchanged, compared to its average volume of 1,266,095. The stock has a 50-day moving average price of $42.18 and a 200-day moving average price of $38.36. The company has a market cap of $6.80 billion, a price-to-earnings ratio of 16.38, a P/E/G ratio of 1.07 and a beta of 1.51. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08.

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

Janus Henderson Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Janus Henderson Group's payout ratio is 60.15%.

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was 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 in the company, valued at approximately $2,500,514.99. The trade was a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 19.60% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on JHG shares. Wells Fargo & Company lifted their price objective on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. JPMorgan Chase & Co. lifted their target price on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Finally, Morgan Stanley lifted their target price on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

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.