Bank of New York Mellon Corp Lowers Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Bank of New York Mellon Corp cut its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 3.7% in the 1st quarter, according to its most recent disclosure 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 period. Bank of New York Mellon Corp owned 0.65% of Janus Henderson Group worth $37,052,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of JHG. Norges Bank bought a new position in shares of Janus Henderson Group during the fourth quarter valued at approximately $83,525,000. Castlekeep Investment Advisors LLC bought a new position in shares of Janus Henderson Group during the fourth quarter valued at approximately $74,989,000. Millennium Management LLC increased its stake 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 purchasing an additional 1,399,781 shares in the last quarter. SG Americas Securities LLC increased its stake in shares of 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 valued at $30,163,000 after purchasing an additional 815,124 shares in the last quarter. Finally, Point72 Asset Management L.P. increased its stake in shares of 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 valued at $42,981,000 after purchasing an additional 537,700 shares in the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Performance

NYSE:JHG traded down $0.12 during trading hours on Friday, reaching $41.56. The company had a trading volume of 348,715 shares, compared to its average volume of 1,154,287. The company has a current ratio of 4.38, a quick ratio of 2.67 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 $6.55 billion, a price-to-earnings ratio of 16.48, a PEG ratio of 1.30 and a beta of 1.43. The firm's 50 day moving average price is $38.06 and its 200-day moving average price is $38.39.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. The business had revenue of $621.40 million for the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a net margin of 15.56% and a return on equity of 12.13%. The company's revenue was up 12.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 EPS. On average, 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 declared a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.85%. The ex-dividend date was Monday, May 12th. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's dividend payout ratio (DPR) is currently 63.49%.

Analyst Ratings Changes

JHG has been the subject of several analyst reports. Wall Street Zen downgraded shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Evercore ISI raised their price target on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. 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. Finally, The Goldman Sachs Group reduced their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of "Hold" and an average target price of $43.33.

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.