Entropy Technologies LP Buys New Stake in Janus Henderson Group plc (NYSE:JHG)

Key Points

• Entropy Technologies LP has taken a new position in Janus Henderson Group plc, acquiring 35,770 shares valued at approximately $1.29 million during the first quarter.
• Several other institutional investors, including UMB Bank and Allworth Financial LP, have significantly increased their stakes in Janus Henderson Group, with ownership by institutional investors now at 87.94%.
• In recent analyst reports, the price targets for Janus Henderson Group have been raised by multiple firms, with a consensus rating of "Hold" and an average price target of $43.33.

Entropy Technologies LP purchased a new position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 35,770 shares of the company's stock, valued at approximately $1,293,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in JHG. Wells Fargo & Company MN grew its position in shares of Janus Henderson Group by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,755 shares of the company's stock valued at $372,000 after acquiring an additional 339 shares during the period. Envestnet Asset Management Inc. grew its position in shares of Janus Henderson Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 248,540 shares of the company's stock valued at $10,570,000 after acquiring an additional 9,896 shares during the period. Cerity Partners LLC grew its position in shares of Janus Henderson Group by 127.4% during the 4th quarter. Cerity Partners LLC now owns 38,757 shares of the company's stock valued at $1,619,000 after acquiring an additional 21,713 shares during the period. Invesco Ltd. lifted its stake in Janus Henderson Group by 1.8% in the 4th quarter. Invesco Ltd. now owns 1,172,756 shares of the company's stock valued at $49,877,000 after buying an additional 20,676 shares in the last quarter. Finally, Renaissance Technologies LLC purchased a new position in Janus Henderson Group in the 4th quarter valued at about $3,198,000. 87.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JHG shares. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Morgan Stanley raised their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. 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 note on Friday, July 11th. 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 research note on Friday, May 2nd. Finally, JPMorgan Chase & Co. raised their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, Janus Henderson Group has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

Janus Henderson Group Price Performance

JHG traded down $0.85 during trading on Friday, reaching $43.30. The company's stock had a trading volume of 1,466,628 shares, compared to its average volume of 1,140,680. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The firm has a fifty day simple moving average of $40.51 and a two-hundred day simple moving average of $38.45. Janus Henderson Group plc has a 1 year low of $28.26 and a 1 year high of $46.68. The company has a market cap of $6.75 billion, a price-to-earnings ratio of 16.28, a PEG ratio of 1.06 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping analysts' consensus estimates of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. During the same period last year, the company posted $0.85 EPS. The business's revenue was up 7.6% on a year-over-year basis. As a group, analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be given a dividend of $0.40 per share. 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 payout ratio is presently 60.15%.

Insider Activity at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction that occurred 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 owned 58,057 shares of the company's stock, valued at approximately $2,500,514.99. The trade was a 54.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 19.60% of the company's stock.

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.