Chicago Capital Management LLC Takes $8.33 Million Position in Janus Henderson Group plc $JHG

Key Points

• Chicago Capital Management LLC bought 175,000 shares of Janus Henderson Group in Q4 valued at about $8.33 million, making JHG its second-largest holding (~7.7% of the firm's portfolio) and representing roughly 0.11% ownership of the company.
• Insiders are net sellers: CEO Ali Dibadj sold 127,632 shares (~$6.27M) and insiders have sold 146,229 shares worth $7.24M in the past 90 days, with company insiders now owning about 21% of the stock.
• Strong quarterly results: Janus Henderson reported EPS of $2.01 versus a $1.19 consensus and revenue of $996.6M, up 61.3% year-over-year.

Chicago Capital Management LLC bought a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 175,000 shares of the company's stock, valued at approximately $8,325,000. Janus Henderson Group makes up about 7.7% of Chicago Capital Management LLC's holdings, making the stock its 2nd biggest holding. Chicago Capital Management LLC owned about 0.11% of Janus Henderson Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. V Square Quantitative Management LLC purchased a new position in Janus Henderson Group in the fourth quarter valued at about $25,000. Bessemer Group Inc. boosted its holdings in Janus Henderson Group by 134.6% in the third quarter. Bessemer Group Inc. now owns 596 shares of the company's stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. United Community Bank purchased a new position in Janus Henderson Group in the third quarter valued at about $30,000. Quent Capital LLC purchased a new position in Janus Henderson Group in the third quarter valued at about $36,000. Finally, Addison Advisors LLC boosted its holdings in Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company's stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

Insider Activity

In other news, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total transaction of $84,546.00. Following the transaction, the insider directly owned 12,204 shares in the company, valued at approximately $625,332.96. This trade represents a 11.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Ali Dibadj sold 127,632 shares of Janus Henderson Group stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total value of $6,269,283.84. Following the transaction, the chief executive officer owned 449,078 shares in the company, valued at approximately $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 146,229 shares of company stock worth $7,239,650. 21.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Bank of America reissued a "neutral" rating and issued a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Zacks Research downgraded Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a report on Monday, April 6th. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Janus Henderson Group in a report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, Janus Henderson Group has an average rating of "Hold" and a consensus price target of $48.29.

Janus Henderson Group Stock Up 0.0%

JHG opened at $51.62 on Tuesday. Janus Henderson Group plc has a 12 month low of $34.54 and a 12 month high of $53.76. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.18 and a quick ratio of 2.50. The stock has a market cap of $7.95 billion, a P/E ratio of 9.81, a P/E/G ratio of 5.73 and a beta of 1.37. The stock's 50 day moving average price is $51.29 and its 200 day moving average price is $47.72.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm had revenue of $996.60 million for the quarter, compared to analysts' expectations of $763.09 million. During the same period last year, the firm earned $1.07 EPS. The firm's revenue was up 61.3% compared to the same quarter last year. As a group, research analysts predict that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

Janus Henderson Group Company Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.

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