Hsbc Holdings PLC Buys 412,865 Shares of Janus Henderson Group plc $JHG

Key Points

• Hsbc Holdings PLC increased its stake in Janus Henderson Group plc by 821.8% in the first quarter, owning 463,104 shares valued at approximately $16.5 million.
• A total of 87.94% of Janus Henderson Group's stock is owned by hedge funds and institutional investors, indicating strong institutional backing.
• The company reported quarterly earnings of $0.90 EPS, exceeding analysts' expectations of $0.84, with revenue of $633.2 million for the quarter, up 7.6% year-over-year.

Hsbc Holdings PLC boosted its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 821.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 463,104 shares of the company's stock after acquiring an additional 412,865 shares during the quarter. Hsbc Holdings PLC owned 0.29% of Janus Henderson Group worth $16,519,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in JHG. Castlekeep Investment Advisors LLC bought a new stake in Janus Henderson Group during the 4th quarter worth about $74,989,000. Millennium Management LLC lifted its position in Janus Henderson Group by 23.9% during the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after buying an additional 1,399,781 shares in the last quarter. SG Americas Securities LLC lifted its position in Janus Henderson Group by 4,233.1% during the 1st quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after buying an additional 815,124 shares in the last quarter. Nuveen LLC bought a new stake in Janus Henderson Group during the 1st quarter worth about $21,890,000. Finally, Point72 Asset Management L.P. lifted its position in Janus Henderson Group by 113.7% during the 4th quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company's stock worth $42,981,000 after buying an additional 537,700 shares in the last quarter. 87.94% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on JHG. JPMorgan Chase & Co. boosted 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. Evercore ISI upped 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. 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. Wells Fargo & Company increased their target price 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. Finally, Morgan Stanley increased their target price 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. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, Janus Henderson Group has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock traded down $0.20 on Friday, reaching $44.48. 140,361 shares of the stock were exchanged, compared to its average volume of 1,268,147. The firm's 50 day moving average is $41.74 and its 200-day moving average is $38.38. Janus Henderson Group plc has a one year low of $28.26 and a one year 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. The firm has a market cap of $6.94 billion, a PE ratio of 16.72, a P/E/G ratio of 1.08 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly 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 company had revenue of $633.20 million during the quarter, compared to the consensus estimate of $614.46 million. During the same quarter in the prior year, the firm posted $0.85 EPS. The firm's quarterly 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 fiscal year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Janus Henderson Group's dividend payout ratio is presently 60.15%.

Insider Buying and Selling

In related news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider owned 58,057 shares of the company's stock, valued at $2,500,514.99. This 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 link. 19.60% of the stock is currently owned by insiders.

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.