Invesco Ltd. Grows Stock Holdings in Janus Henderson Group plc $JHG

Key Points

• Invesco Ltd. increased its stake in Janus Henderson Group plc by 15.5% in the first quarter, resulting in ownership of 1,354,770 shares valued at approximately $48.98 million.
• Janus Henderson Group reported an EPS of $0.90 for the last quarter, surpassing analyst expectations of $0.84, with a revenue of $633.20 million.
• The firm declared a quarterly dividend of $0.40, with an ex-dividend date set for August 11th, representing an annualized yield of 3.7%.

Invesco Ltd. grew its holdings in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 15.5% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,354,770 shares of the company's stock after purchasing an additional 182,014 shares during the period. Invesco Ltd. owned approximately 0.86% of Janus Henderson Group worth $48,975,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in shares of Janus Henderson Group by 0.6% during the first quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock valued at $514,311,000 after purchasing an additional 78,321 shares during the last quarter. Millennium Management LLC increased 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 valued at $308,242,000 after acquiring an additional 1,399,781 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Janus Henderson Group by 7.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock valued at $178,800,000 after acquiring an additional 352,617 shares in the last quarter. Northern Trust Corp increased its position in shares of Janus Henderson Group by 8.4% during the fourth quarter. Northern Trust Corp now owns 2,320,796 shares of the company's stock valued at $98,703,000 after acquiring an additional 180,726 shares in the last quarter. Finally, AQR Capital Management LLC increased its position in shares of Janus Henderson Group by 39.8% during the fourth quarter. AQR Capital Management LLC now owns 1,771,147 shares of the company's stock valued at $75,327,000 after acquiring an additional 503,973 shares in the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on JHG. 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 report 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 report on Friday, July 11th. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. 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 report on Wednesday, July 16th. Finally, Wall Street Zen raised shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a research report on Saturday. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Insider Buying and Selling at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction 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 transaction, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This trade represents a 54.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 20.40% of the stock is owned by corporate insiders.

Janus Henderson Group Stock Performance

NYSE:JHG traded down $0.1650 during trading hours on Wednesday, reaching $42.4350. The company had a trading volume of 1,095,540 shares, compared to its average volume of 1,283,297. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $46.68. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 15.95, a PEG ratio of 1.03 and a beta of 1.46. The firm's 50 day moving average price is $40.74 and its 200-day moving average price is $38.40.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported $0.90 EPS 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 during the quarter, compared to the consensus estimate of $614.46 million. During the same quarter in the previous year, the firm posted $0.85 EPS. The firm's revenue was up 7.6% on a year-over-year basis. On average, analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Monday, August 11th. Janus Henderson Group's dividend payout ratio (DPR) is currently 60.15%.

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.