Allianz Asset Management GmbH lowered its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 9.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,748,166 shares of the company's stock after selling 179,152 shares during the quarter. Allianz Asset Management GmbH owned approximately 1.11% of Janus Henderson Group worth $63,196,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Janus Henderson Group by 12.4% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,653 shares of the company's stock worth $3,729,000 after acquiring an additional 11,435 shares during the last quarter. GAMMA Investing LLC grew its position in shares of Janus Henderson Group by 4,188.8% during the 1st quarter. GAMMA Investing LLC now owns 144,962 shares of the company's stock worth $5,240,000 after buying an additional 141,582 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Janus Henderson Group by 28.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 320,093 shares of the company's stock worth $11,571,000 after buying an additional 71,553 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Janus Henderson Group by 23.7% during the 1st quarter. Assenagon Asset Management S.A. now owns 63,334 shares of the company's stock worth $2,290,000 after buying an additional 12,119 shares during the period. Finally, Mutual of America Capital Management LLC grew its position in shares of Janus Henderson Group by 4.3% during the 1st quarter. Mutual of America Capital Management LLC now owns 319,131 shares of the company's stock worth $11,537,000 after buying an additional 13,080 shares during the period. Institutional investors own 87.94% of the company's stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on JHG shares. The Goldman Sachs Group lowered their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Wells Fargo & Company increased their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their target price on shares of Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley raised their target price on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Finally, Cowen restated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $43.33.
View Our Latest Stock Report on JHG
Janus Henderson Group Stock Performance
Shares of Janus Henderson Group stock traded up $0.04 during trading on Friday, reaching $43.09. The company's stock had a trading volume of 125,910 shares, compared to its average volume of 1,292,733. The business's 50-day moving average price is $38.49 and its 200-day moving average price is $38.37. The firm has a market cap of $6.79 billion, a PE ratio of 17.08, a P/E/G ratio of 1.35 and a beta of 1.43. 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 2.67, a current ratio of 4.38 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $621.40 million during the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a net margin of 15.56% and a return on equity of 12.13%. Janus Henderson Group's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.71 earnings per share. Equities analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current year.
Janus Henderson Group Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.71%. The ex-dividend date was Monday, May 12th. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's payout ratio is presently 63.49%.
Janus Henderson Group Company Profile
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Free Report)
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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