Janus Henderson Group plc (NYSE:JHG) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 3.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,024,950 shares of the company's stock after selling 39,606 shares during the quarter. Bank of New York Mellon Corp owned about 0.65% of Janus Henderson Group worth $37,052,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Norges Bank acquired a new position in Janus Henderson Group during the fourth quarter worth $83,525,000. Castlekeep Investment Advisors LLC acquired a new position in Janus Henderson Group during the fourth quarter worth $74,989,000. Millennium Management LLC raised its holdings in Janus Henderson Group by 23.9% during the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after purchasing an additional 1,399,781 shares during the last quarter. SG Americas Securities LLC raised its holdings in Janus Henderson Group by 4,233.1% during the first quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after purchasing an additional 815,124 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in Janus Henderson Group by 113.7% during the fourth quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company's stock worth $42,981,000 after purchasing an additional 537,700 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $41.53 on Tuesday. The company has a market cap of $6.54 billion, a P/E ratio of 16.48, a P/E/G ratio of 1.31 and a beta of 1.43. The company has a quick ratio of 2.67, a current ratio of 4.38 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 business has a fifty day simple moving average of $37.73 and a 200-day simple moving average of $38.37.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The company reported $0.79 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.07. The business had revenue of $621.40 million during the quarter, compared to the consensus estimate of $623.56 million. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities research analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were given a $0.40 dividend. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.85%. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's payout ratio is currently 63.49%.

Analysts Set New Price Targets

JHG has been the subject of several research reports. Morgan Stanley lifted their price objective on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a report on Wednesday, July 2nd. Wells Fargo & Company lifted their price objective on Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday. Evercore ISI lifted their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Finally, Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $57.00 to $43.00 in a research report on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Janus Henderson Group presently has a consensus rating of "Hold" and an average price target of $44.00.

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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