Janus Henderson Group plc $JHG Shares Sold by Dimensional Fund Advisors LP

Key Points

• Dimensional Fund Advisors LP reduced its stake in Janus Henderson Group by 5.7%, selling 413,939 shares, and now holds approximately 4.33% of the company worth $246.37 million.
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.8%, to be paid on August 28th to investors of record by August 11th.
• Analysts have mixed ratings on Janus Henderson Group, with some upgrading the stock to a "buy" rating while others maintain an "equal weight" rating, setting a consensus price target of $43.33.

Dimensional Fund Advisors LP reduced its position in Janus Henderson Group plc (NYSE:JHG - Free Report) by 5.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,815,456 shares of the company's stock after selling 413,939 shares during the period. Dimensional Fund Advisors LP owned about 4.33% of Janus Henderson Group worth $246,372,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock valued at $43,000 after purchasing an additional 409 shares during the period. UMB Bank n.a. raised 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 worth $42,000 after acquiring an additional 385 shares during the period. Allworth Financial LP raised 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 worth $48,000 after acquiring an additional 684 shares during the period. Farther Finance Advisors LLC raised 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 worth $83,000 after acquiring an additional 1,038 shares during the period. Finally, Wealthquest Corp acquired a new position in Janus Henderson Group during the first quarter worth $115,000. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction dated 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 transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 19.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on JHG. Wall Street Zen upgraded shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a research report on Saturday, August 16th. Cowen restated a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their price objective 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. Morgan Stanley upped their price objective 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. Finally, Wells Fargo & Company upped their price objective 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. Five equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Janus Henderson Group Price Performance

Shares of NYSE:JHG traded up $1.4470 during midday trading on Friday, hitting $43.7470. The company's stock had a trading volume of 1,153,442 shares, compared to its average volume of 1,132,266. The business's 50 day simple moving average is $41.11 and its 200 day simple moving average is $38.36. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. The company has a market cap of $6.82 billion, a P/E ratio of 16.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping 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 for the quarter was up 7.6% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. On average, analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, August 11th. Janus Henderson Group's dividend payout ratio (DPR) is currently 60.15%.

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.