Freedom Investment Management Inc. Has $325,000 Stock Holdings in Janus Henderson Group plc $JHG

Key Points

• Freedom Investment Management Inc. reduced its holdings in Janus Henderson Group by 59.1% in the first quarter, owning 8,999 shares valued at $325,000 after selling 12,999 shares.
• Several institutional investors increased their stakes in Janus Henderson Group, with Brooklyn Investment Group's stake rising by 182.2% to 920 shares valued at $33,000.
• The company recently announced a quarterly dividend of $0.40 per share, with an annualized yield of 3.6%, and plans to pay on August 28th.

Freedom Investment Management Inc. cut its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 59.1% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,999 shares of the company's stock after selling 12,999 shares during the period. Freedom Investment Management Inc.'s holdings in Janus Henderson Group were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of JHG. Castlekeep Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group during the fourth quarter worth $74,989,000. Millennium Management LLC raised its position in shares of Janus Henderson Group by 23.9% during the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after purchasing an additional 1,399,781 shares during the period. SG Americas Securities LLC raised its position in shares of Janus Henderson Group by 4,233.1% during the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after purchasing an additional 815,124 shares during the period. Nuveen LLC acquired a new position in Janus Henderson Group during the first quarter valued at $21,890,000. Finally, Point72 Asset Management L.P. raised its position in Janus Henderson Group by 113.7% during the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company's stock valued at $42,981,000 after buying an additional 537,700 shares during the period. 87.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the transaction, 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 20.40% of the company's stock.

Janus Henderson Group Stock Down 0.8%

Shares of JHG traded down $0.35 during trading hours on Monday, hitting $44.32. 893,890 shares of the company were exchanged, compared to its average volume of 1,084,037. The company has a market cap of $6.91 billion, a PE ratio of 16.66, a PEG ratio of 1.07 and a beta of 1.51. The firm's 50 day moving average is $41.89 and its 200-day moving average is $38.31. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49.

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

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were paid 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 is 60.15%.

Analysts Set New Price Targets

JHG has been the topic of several recent analyst reports. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. JPMorgan Chase & Co. upped their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Morgan Stanley upped their price target on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Wall Street Zen lowered Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Saturday. Finally, Wells Fargo & Company upped their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.33.

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.