Envestnet Asset Management Inc. Boosts Position in Janus Henderson Group plc (NYSE:JHG)

Envestnet Asset Management Inc. lifted its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 28.8% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 320,093 shares of the company's stock after buying an additional 71,553 shares during the quarter. Envestnet Asset Management Inc. owned about 0.20% of Janus Henderson Group worth $11,571,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Avantax Advisory Services Inc. raised its stake in Janus Henderson Group by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company's stock worth $270,000 after acquiring an additional 270 shares in the last quarter. Wells Fargo & Company MN raised its stake in Janus Henderson Group by 4.0% during the fourth quarter. Wells Fargo & Company MN now owns 8,755 shares of the company's stock worth $372,000 after acquiring an additional 339 shares in the last quarter. Sterling Capital Management LLC raised its stake in Janus Henderson Group by 1.1% during the fourth quarter. Sterling Capital Management LLC now owns 35,421 shares of the company's stock worth $1,506,000 after acquiring an additional 384 shares in the last quarter. UMB Bank n.a. raised its stake 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 in the last quarter. Finally, ProShare Advisors LLC raised its stake in Janus Henderson Group by 7.2% during the fourth quarter. ProShare Advisors LLC now owns 5,952 shares of the company's stock worth $253,000 after acquiring an additional 398 shares in the last quarter. Institutional investors own 87.94% of the company's stock.

Analyst Upgrades and Downgrades

JHG has been the subject of several research analyst reports. The Goldman Sachs Group lowered their target price on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Wells Fargo & Company upped their price objective on 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. Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $57.00 to $43.00 in a research note on Thursday, April 3rd. JPMorgan Chase & Co. upped their price objective on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Janus Henderson Group has an average rating of "Hold" and an average price target of $43.33.

Janus Henderson Group Stock Up 1.6%

Shares of JHG traded up $0.66 during trading hours on Tuesday, reaching $42.02. The stock had a trading volume of 398,346 shares, compared to its average volume of 1,157,324. Janus Henderson Group plc has a 12 month low of $28.26 and a 12 month high of $46.68. The firm has a 50-day simple moving average of $38.16 and a 200 day simple moving average of $38.32. The company has a current ratio of 4.38, a quick ratio of 2.67 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $6.62 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 1.31 and a beta of 1.43.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The business had revenue of $621.40 million for the quarter, compared to analysts' expectations of $623.56 million. During the same period last year, the business earned $0.71 EPS. The business's revenue was up 12.6% on a year-over-year basis. Equities research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.81%. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Monday, May 12th. Janus Henderson Group's payout ratio is presently 63.49%.

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.