Bank of America Corp DE Trims Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Bank of America Corp DE lowered its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 53.9% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 159,221 shares of the company's stock after selling 186,237 shares during the period. Bank of America Corp DE owned approximately 0.10% of Janus Henderson Group worth $6,772,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Algert Global LLC lifted its position in shares of Janus Henderson Group by 97.6% during the 4th quarter. Algert Global LLC now owns 304,959 shares of the company's stock worth $12,970,000 after buying an additional 150,624 shares in the last quarter. AXA S.A. lifted its position in shares of Janus Henderson Group by 64.9% during the 4th quarter. AXA S.A. now owns 289,938 shares of the company's stock worth $12,331,000 after buying an additional 114,106 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its position in shares of Janus Henderson Group by 7.5% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 31,364 shares of the company's stock worth $1,334,000 after buying an additional 2,187 shares in the last quarter. Freestone Grove Partners LP bought a new position in shares of Janus Henderson Group during the 4th quarter worth approximately $16,883,000. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of Janus Henderson Group by 74.6% during the 4th quarter. Schonfeld Strategic Advisors LLC now owns 19,787 shares of the company's stock worth $842,000 after buying an additional 8,456 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Evercore ISI lifted their target price on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research report on Friday, May 2nd. Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. The Goldman Sachs Group dropped their target price on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. UBS Group raised shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $45.00 to $50.00 in a research report on Monday, February 24th. Finally, Wells Fargo & Company dropped their target price on shares of Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Janus Henderson Group has a consensus rating of "Hold" and a consensus price target of $42.78.

Janus Henderson Group Stock Performance

Shares of JHG stock traded down $0.73 during trading hours on Friday, hitting $36.31. 1,807,219 shares of the company were exchanged, compared to its average volume of 1,143,947. The firm has a fifty day simple moving average of $34.43 and a 200 day simple moving average of $39.70. The company has a current ratio of 3.08, a quick ratio of 2.08 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 stock has a market capitalization of $5.72 billion, a price-to-earnings ratio of 14.18, a P/E/G ratio of 0.66 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. The business had revenue of $621.40 million during the quarter, compared to analyst estimates of $623.56 million. During the same period in the previous year, the business earned $0.71 EPS. Janus Henderson Group's revenue was up 12.6% compared to the same quarter last year. Research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 12th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 4.41%. This is a positive change from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date was Monday, May 12th. Janus Henderson Group's payout ratio is currently 63.49%.

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.