Assenagon Asset Management S.A. Increases Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Assenagon Asset Management S.A. raised its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 63,334 shares of the company's stock after buying an additional 12,119 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Janus Henderson Group were worth $2,290,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in JHG. Norges Bank purchased a new stake in Janus Henderson Group in the fourth quarter worth $83,525,000. Castlekeep Investment Advisors LLC bought a new stake in Janus Henderson Group in the fourth quarter worth $74,989,000. Millennium Management LLC boosted its holdings in Janus Henderson Group by 23.9% in the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after acquiring an additional 1,399,781 shares in the last quarter. SG Americas Securities LLC boosted its holdings in Janus Henderson Group by 4,233.1% in the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after acquiring an additional 815,124 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in Janus Henderson Group by 113.7% in the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company's stock worth $42,981,000 after acquiring an additional 537,700 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. Bank of America upgraded Janus Henderson Group from a "neutral" rating to a "buy" rating and cut their target price for the company from $57.00 to $43.00 in a research note on Thursday, April 3rd. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Morgan Stanley boosted their target price on Janus Henderson Group from $32.00 to $33.00 and gave the stock an "equal weight" rating in a research report on Tuesday, May 6th. Evercore ISI raised their price target on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, UBS Group raised shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $45.00 to $50.00 in a report on Monday, February 24th. Six investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Janus Henderson Group has an average rating of "Hold" and an average price target of $42.78.

Janus Henderson Group Stock Performance

NYSE:JHG traded up $0.30 during mid-day trading on Wednesday, hitting $36.61. 869,547 shares of the company traded hands, compared to its average volume of 1,156,274. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.28 and a beta of 1.42. The stock's fifty day moving average price is $35.12 and its 200-day moving average price is $39.00. 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 posted its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. Janus Henderson Group had a net margin of 15.56% and a return on equity of 12.13%. The business had revenue of $621.40 million during the quarter, compared to analyst estimates of $623.56 million. During the same period in the prior year, the business posted $0.71 earnings per share. The company's revenue was up 12.6% on a year-over-year basis. Research analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 12th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 4.37%. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's dividend payout ratio is currently 63.49%.

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.