Intech Investment Management LLC Sells 41,555 Shares of Janus Henderson Group plc $JHG

Key Points

• Intech Investment Management LLC has decreased its stake in Janus Henderson Group plc by 15.0%, selling 41,555 shares, and now holds approximately 0.15% of the company, valued at $8.48 million.
• Brooklyn Investment Group and other institutional investors have significantly increased their stakes in Janus Henderson Group, with Brooklyn's stake rising by 182.2% during the same quarter.
• Janus Henderson Group recently reported earnings of $0.90 per share, exceeding analysts' expectations, and announced a quarterly dividend of $0.40, reflecting a 3.6% yield.

Intech Investment Management LLC reduced its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 15.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 234,622 shares of the company's stock after selling 41,555 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Janus Henderson Group worth $8,482,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. Brooklyn Investment Group lifted its stake in Janus Henderson Group by 182.2% during the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after purchasing an additional 594 shares during the last quarter. UMB Bank n.a. lifted 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 purchasing an additional 385 shares during the last quarter. Allworth Financial LP lifted its stake 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 purchasing an additional 684 shares during the last quarter. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 1,038 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in Janus Henderson Group during the first quarter worth $115,000. 87.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on JHG shares. Morgan Stanley upped their target price on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Zacks Research cut Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. upped their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen downgraded shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Finally, Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Five investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $44.78.

Insiders Place Their Bets

In related news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction on Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the completion of the sale, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.60% of the stock is owned by insiders.

Janus Henderson Group Stock Up 0.6%

Shares of NYSE:JHG opened at $44.60 on Thursday. The company has a market capitalization of $6.96 billion, a PE ratio of 16.77, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $46.68. The company has a fifty day moving average of $42.86 and a 200-day moving average of $38.44. 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 posted its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. The business 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%.Janus Henderson Group's quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.85 earnings per share. On average, equities analysts predict 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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Monday, August 11th. Janus Henderson Group's dividend payout ratio is presently 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.

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