City Center Advisors LLC Acquires New Holdings in Janus Henderson Group plc $JHG

Key Points

• City Center Advisors LLC has acquired a new stake in Janus Henderson Group plc, purchasing 5,656 shares valued at approximately $220,000.
• Multiple analysts have increased their price targets for Janus Henderson Group, with Wells Fargo raising theirs from $37.00 to $44.00 and Morgan Stanley from $33.00 to $36.00, suggesting potential positive outlooks for the stock.
• The company recently declared a quarterly dividend of $0.40 per share, resulting in a 3.6% dividend yield for investors, with a payout ratio of 60.15%.

City Center Advisors LLC acquired a new stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,656 shares of the company's stock, valued at approximately $220,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in JHG. Brooklyn Investment Group lifted its position in Janus Henderson Group by 182.2% during the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock valued at $33,000 after purchasing an additional 594 shares during the period. UMB Bank n.a. lifted its position in Janus Henderson Group by 48.9% during the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after purchasing an additional 385 shares during the period. Allworth Financial LP lifted its position in 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 purchasing an additional 684 shares during the period. Farther Finance Advisors LLC lifted its position in 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 purchasing an additional 1,038 shares during the period. Finally, Wealthquest Corp bought a new position in Janus Henderson Group during the first quarter valued at approximately $115,000. Institutional investors own 87.94% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Morgan Stanley increased their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Wells Fargo & Company increased their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Zacks Research downgraded shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Evercore ISI increased their price target on shares of Janus Henderson Group from $45.00 to $48.00 and gave the stock an "in-line" rating in a research report on Friday, September 5th. Finally, JPMorgan Chase & Co. increased their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of "Hold" and an average price target of $44.78.

Insider Activity at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 19.60% of the stock is owned by insiders.

Janus Henderson Group Stock Down 1.0%

Shares of JHG stock opened at $44.93 on Friday. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.09 and a beta of 1.51. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The company's fifty day moving average price is $43.05 and its 200-day moving average price is $38.46. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. The firm had revenue of $633.20 million for the quarter, compared to the consensus estimate of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The company's revenue was up 7.6% on a year-over-year basis. During the same period last year, the firm earned $0.85 EPS. Sell-side analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were given 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 was Monday, August 11th. Janus Henderson Group's dividend payout ratio (DPR) is presently 60.15%.

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.

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