Jacobs Levy Equity Management Inc. Decreases Position in Janus Henderson Group plc $JHG

Key Points

• Jacobs Levy Equity Management Inc. reduced its stake in Janus Henderson Group plc by 79.7% in the first quarter, leaving it with 61,997 shares worth approximately $2.24 million.
• Several institutional investors increased their positions in Janus Henderson Group, with Brooklyn Investment Group leading with an increase of 182.2% during the same period.
• Analysts have mixed ratings on Janus Henderson Group, with some downgrading it to a "hold," while others maintain a "buy" recommendation and have adjusted target prices, indicating ongoing interest in the stock.

Jacobs Levy Equity Management Inc. cut its position in Janus Henderson Group plc (NYSE:JHG - Free Report) by 79.7% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 61,997 shares of the company's stock after selling 244,117 shares during the period. Jacobs Levy Equity Management Inc.'s holdings in Janus Henderson Group were worth $2,241,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Brooklyn Investment Group grew its stake in shares of Janus Henderson Group by 182.2% in the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after acquiring an additional 594 shares during the period. UMB Bank n.a. grew its stake in shares of Janus Henderson Group by 48.9% in 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 during the period. Allworth Financial LP grew its stake in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock worth $48,000 after acquiring an additional 684 shares during the period. Farther Finance Advisors LLC grew its stake in shares of Janus Henderson Group by 82.3% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock worth $83,000 after acquiring an additional 1,038 shares during the period. Finally, Wealthquest Corp bought a new stake in shares of Janus Henderson Group in the first quarter worth approximately $115,000. 87.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on JHG shares. Wall Street Zen lowered shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. JPMorgan Chase & Co. boosted their target price 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. Cowen restated a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Finally, Morgan Stanley boosted their target price 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. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Janus Henderson Group presently has a consensus rating of "Hold" and a consensus price target of $44.78.

Janus Henderson Group Price Performance

JHG stock opened at $44.60 on Thursday. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The company's fifty day moving average price is $42.86 and its 200-day moving average price is $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. 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 (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $633.20 million for the quarter, compared to the consensus estimate of $614.46 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company's quarterly revenue was up 7.6% compared to the same quarter last year. On average, equities analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

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

Insider Activity at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 19.60% of the company's stock.

Janus Henderson Group Company 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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