AQR Capital Management LLC Grows Position in Janus Henderson Group plc $JHG

Key Points

• AQR Capital Management LLC increased its stake in Janus Henderson Group by 8.8% during the first quarter, owning approximately 1.22% of the company's stock valued at $68.4 million.
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, representing a 3.6% yield and a payout ratio of 60.15%.
• Analysts have mixed ratings on Janus Henderson Group, with five rating it a "Buy" and five a "Hold," while the average target price is $44.78.

AQR Capital Management LLC grew its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 8.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,926,206 shares of the company's stock after purchasing an additional 155,059 shares during the period. AQR Capital Management LLC owned approximately 1.22% of Janus Henderson Group worth $68,400,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in JHG. 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 valued at $3,729,000 after buying an additional 11,435 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Janus Henderson Group by 4,188.8% in the first quarter. GAMMA Investing LLC now owns 144,962 shares of the company's stock valued at $5,240,000 after purchasing an additional 141,582 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of Janus Henderson Group by 28.8% in the first quarter. Envestnet Asset Management Inc. now owns 320,093 shares of the company's stock valued at $11,571,000 after purchasing an additional 71,553 shares in the last quarter. Sierra Summit Advisors LLC bought a new stake in Janus Henderson Group in the first quarter worth $587,000. Finally, Jump Financial LLC purchased a new stake in Janus Henderson Group during the first quarter valued at $6,099,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Janus Henderson Group

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction 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 transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. This trade represents a 54.31% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 19.60% of the stock is currently owned by company insiders.

Janus Henderson Group Trading Up 1.7%

Shares of NYSE JHG traded up $0.75 during mid-day trading on Thursday, reaching $45.35. The company had a trading volume of 1,255,527 shares, compared to its average volume of 1,002,929. The stock has a market cap of $7.07 billion, a price-to-earnings ratio of 17.05, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $46.68. The business's 50-day moving average is $42.96 and its 200-day moving average is $38.47. 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 announced its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The company had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The firm's revenue for the quarter was up 7.6% on a year-over-year basis. During the same quarter last year, the business posted $0.85 EPS. Equities analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The company also recently disclosed 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 of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.5%. Janus Henderson Group's dividend payout ratio is 60.15%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Morgan Stanley increased their target price on shares of 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. Finally, Wall Street Zen lowered shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Janus Henderson Group has a consensus rating of "Hold" and a consensus price target of $44.78.

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.