Assenagon Asset Management S.A. Raises Stake in Janus Henderson Group plc $JHG

Key Points

• Assenagon Asset Management S.A. has increased its stake in Janus Henderson Group plc by 14.7%, bringing its total holdings to 72,625 shares valued at approximately $2.82 million.
• Janus Henderson Group recently reported an EPS of $0.90 for the last quarter, exceeding estimates, with revenue of $633.20 million, a 7.6% increase year-over-year.
• The company declared a quarterly dividend of $0.40 per share, representing a 3.6% yield, with a payout ratio of 60.15%.

Assenagon Asset Management S.A. boosted its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 14.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,625 shares of the company's stock after purchasing an additional 9,291 shares during the quarter. Assenagon Asset Management S.A.'s holdings in Janus Henderson Group were worth $2,821,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Janus Henderson Group by 182.2% in the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after buying an additional 594 shares during the last quarter. UMB Bank n.a. boosted its holdings in Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock worth $42,000 after acquiring an additional 385 shares in the last quarter. Allworth Financial LP increased its holdings in shares of Janus Henderson Group by 87.9% during the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after acquiring an additional 684 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Janus Henderson Group by 82.3% during the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Janus Henderson Group in the 1st quarter worth about $115,000. Institutional investors own 87.94% of the company's stock.

Janus Henderson Group Price Performance

Shares of JHG opened at $44.42 on Friday. The firm has a fifty day simple moving average of $43.72 and a two-hundred day simple moving average of $38.79. The firm has a market cap of $6.93 billion, a PE ratio of 16.70, a P/E/G ratio of 1.07 and a beta of 1.51. 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 plc has a 1-year low of $28.26 and a 1-year high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate 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 return on equity of 12.01% and a net margin of 16.06%.Janus Henderson Group's revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 earnings per share. On average, equities analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

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

Analyst Ratings Changes

JHG has been the subject of a number of analyst reports. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Wells Fargo & Company raised their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Morgan Stanley upped their price objective on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Evercore ISI increased their target price on Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. Finally, Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Five analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, Janus Henderson Group presently has a consensus rating of "Hold" and a consensus price target of $44.78.

Insider Activity

In other news, CFO Roger Mj Thompson sold 27,491 shares of the 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 transaction, the chief financial officer owned 113,097 shares in the company, valued at $5,118,770.22. This represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Georgina Fogo sold 69,000 shares of the firm's 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 completion of the transaction, the insider directly owned 58,057 shares in the company, valued at approximately $2,500,514.99. The trade was a 54.31% decrease in their position. The disclosure for this sale can be found here. 19.60% of the stock is owned by corporate insiders.

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.

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