Allianz Asset Management GmbH Sells 75,280 Shares of Janus Henderson Group plc $JHG

Key Points

• Allianz Asset Management GmbH has reduced its stake in Janus Henderson Group plc by 4.3%, selling 75,280 shares and now holding approximately 1.06% of the company worth $64.9 million.
• Insiders, including Georgina Fogo and CFO Roger Mj Thompson, sold significant amounts of stock, indicating a decrease in their positions.
• Wall Street analysts have a generally positive outlook, with target prices set as high as $52.00, while the consensus rating for the stock is a Moderate Buy.

Allianz Asset Management GmbH lowered its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 4.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,672,886 shares of the company's stock after selling 75,280 shares during the period. Allianz Asset Management GmbH owned approximately 1.06% of Janus Henderson Group worth $64,975,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of JHG. Nuveen LLC purchased a new position in shares of Janus Henderson Group in the first quarter worth about $21,890,000. Hsbc Holdings PLC increased its holdings in shares of Janus Henderson Group by 821.8% in the first quarter. Hsbc Holdings PLC now owns 463,104 shares of the company's stock worth $16,519,000 after buying an additional 412,865 shares during the period. Charles Schwab Investment Management Inc. increased its holdings in shares of Janus Henderson Group by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock worth $178,800,000 after buying an additional 352,617 shares during the period. Jupiter Asset Management Ltd. increased its holdings in shares of Janus Henderson Group by 48.5% in the first quarter. Jupiter Asset Management Ltd. now owns 995,445 shares of the company's stock worth $35,985,000 after buying an additional 325,240 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Janus Henderson Group by 1,924.0% in the first quarter. Jane Street Group LLC now owns 279,352 shares of the company's stock worth $10,099,000 after buying an additional 265,550 shares during the period. Hedge funds and other institutional investors own 87.94% of the company's stock.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the sale, the insider directly owned 58,057 shares of the company's stock, valued at approximately $2,500,514.99. The trade was a 54.31% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 27,491 shares of Janus Henderson Group stock in a transaction that occurred on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the sale, the chief financial officer directly owned 113,097 shares in the company, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 19.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wells Fargo & Company raised their target price on Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. BMO Capital Markets assumed coverage on Janus Henderson Group in a research note on Friday, October 3rd. They issued an "outperform" rating and a $52.00 target price on the stock. Bank of America raised their target price on Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a research note on Thursday, October 2nd. Wall Street Zen raised Janus Henderson Group from a "hold" rating to a "buy" rating in a research note on Saturday, October 11th. Finally, Morgan Stanley reissued a "positive" rating on shares of Janus Henderson Group in a research note on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Janus Henderson Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $42.20 on Friday. The stock's 50 day simple moving average is $44.18 and its two-hundred day simple moving average is $39.52. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. The stock has a market cap of $6.58 billion, a price-to-earnings ratio of 15.86, a PEG ratio of 0.96 and a beta of 1.54. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $46.68.

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 for the quarter, beating the consensus estimate of $0.84 by $0.06. The business 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 business's revenue was up 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.85 EPS. As a group, analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group's payout ratio is presently 60.15%.

About Janus Henderson Group

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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