Pallas Capital Advisors LLC Takes $321,000 Position in Janus Henderson Group plc (NYSE:JHG)

Pallas Capital Advisors LLC purchased a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 8,877 shares of the company's stock, valued at approximately $321,000.

Other large investors have also recently bought and sold shares of the company. True Wealth Design LLC raised its holdings in Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock valued at $43,000 after acquiring an additional 409 shares during the period. Larson Financial Group LLC raised its holdings in Janus Henderson Group by 33.9% in the 4th quarter. Larson Financial Group LLC now owns 1,137 shares of the company's stock valued at $48,000 after acquiring an additional 288 shares during the period. UMB Bank n.a. grew its position in shares of Janus Henderson Group by 48.9% during the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock worth $42,000 after purchasing an additional 385 shares in the last quarter. Bessemer Group Inc. grew its position in shares of Janus Henderson Group by 825.2% during the 4th quarter. Bessemer Group Inc. now owns 1,286 shares of the company's stock worth $55,000 after purchasing an additional 1,147 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of Janus Henderson Group by 48.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the company's stock worth $80,000 after purchasing an additional 613 shares in the last quarter. 87.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Bank of America upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and decreased their target price for the stock from $57.00 to $43.00 in a research report on Thursday, April 3rd. Evercore ISI increased their price target on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Wells Fargo & Company reduced their price target on shares of Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group reduced their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Finally, Wall Street Zen lowered shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $42.78.

Janus Henderson Group Trading Up 2.1%

JHG traded up $0.77 during midday trading on Monday, hitting $36.92. 1,061,767 shares of the company were exchanged, compared to its average volume of 1,155,494. The firm has a market capitalization of $5.82 billion, a P/E ratio of 14.42, a P/E/G ratio of 0.66 and a beta of 1.42. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. The firm's 50 day moving average price is $35.06 and its 200-day moving average price is $39.02. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $621.40 million for the quarter, compared to the consensus estimate of $623.56 million. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The business's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.71 EPS. As a group, equities analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.33%. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date was Monday, May 12th. Janus Henderson Group's payout ratio is currently 63.49%.

Janus Henderson Group 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.