Ariel Investments LLC Sells 26,955 Shares of Janus Henderson Group plc $JHG

Key Points

• Ariel Investments LLC has reduced its stake in Janus Henderson Group plc by 1.2%, holding approximately 2,148,665 shares valued at $77.67 million following a sale of 26,955 shares.
• Institutional investors, including Mirae Asset Global Investments and GAMMA Investing, have notably increased their holdings, with GAMMA reporting a 4,188.8% increase in shares owned during the same period.
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, yielding 3.6%, with a dividend payout ratio of 60.15%.

Ariel Investments LLC reduced its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 1.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,148,665 shares of the company's stock after selling 26,955 shares during the period. Ariel Investments LLC owned 1.36% of Janus Henderson Group worth $77,674,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Amundi lifted its stake in Janus Henderson Group by 13.8% during the first quarter. Amundi now owns 4,177 shares of the company's stock worth $150,000 after purchasing an additional 506 shares in the last quarter. Perbak Capital Partners LLP acquired a new stake in Janus Henderson Group in the first quarter valued at $321,000. FJ Capital Management LLC raised its stake in Janus Henderson Group by 29.2% in the first quarter. FJ Capital Management LLC now owns 28,435 shares of the company's stock valued at $1,028,000 after buying an additional 6,423 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of Janus Henderson Group by 242.8% during the first quarter. Cubist Systematic Strategies LLC now owns 282,131 shares of the company's stock worth $10,199,000 after purchasing an additional 199,827 shares during the last quarter. Finally, Royal Bank of Canada grew its holdings in shares of Janus Henderson Group by 38.3% during the first quarter. Royal Bank of Canada now owns 115,135 shares of the company's stock worth $4,163,000 after buying an additional 31,889 shares during the last quarter. 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 that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares of the company's stock, valued at approximately $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 20.40% of the company's stock.

Analysts Set New Price Targets

JHG has been the subject of a number of recent analyst reports. Evercore ISI raised their price objective on shares of Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a research report on Friday. Wells Fargo & Company boosted their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. JPMorgan Chase & Co. boosted their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Morgan Stanley upped their price objective on 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, Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $44.78.

Janus Henderson Group Trading Up 0.4%

Janus Henderson Group stock traded up $0.18 during midday trading on Monday, reaching $44.46. The stock had a trading volume of 394,162 shares, compared to its average volume of 1,261,934. Janus Henderson Group plc has a twelve month low of $28.26 and a twelve month high of $46.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 16.71, a PEG ratio of 1.07 and a beta of 1.51. The firm's fifty day simple moving average is $42.56 and its two-hundred day simple moving average is $38.34.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The business 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%. Janus Henderson Group's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.85 EPS. Equities analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, August 11th. Janus Henderson Group's dividend payout ratio is 60.15%.

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.