New York State Teachers Retirement System Trims Position in Janus Henderson Group plc (NYSE:JHG)

New York State Teachers Retirement System trimmed its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 5.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 173,591 shares of the company's stock after selling 10,402 shares during the quarter. New York State Teachers Retirement System owned about 0.11% of Janus Henderson Group worth $6,275,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Norges Bank purchased a new position in Janus Henderson Group in the 4th quarter valued at $83,525,000. Castlekeep Investment Advisors LLC purchased a new stake in shares of Janus Henderson Group in the fourth quarter valued at about $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 worth $308,242,000 after acquiring an additional 1,399,781 shares during the period. 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 worth $30,163,000 after acquiring an additional 815,124 shares during the period. 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 in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

JHG has been the topic of a number of analyst reports. Evercore ISI lifted their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. The Goldman Sachs Group dropped their price objective on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Wall Street Zen downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Cowen restated a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Finally, Morgan Stanley increased 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 report on Wednesday, July 2nd. Six research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $43.11.

Janus Henderson Group Price Performance

JHG traded down $0.33 during midday trading on Monday, reaching $39.97. 748,638 shares of the company's stock were exchanged, compared to its average volume of 1,155,002. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. The stock has a market capitalization of $6.30 billion, a PE ratio of 15.86, a P/E/G ratio of 1.39 and a beta of 1.43. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.38 and a quick ratio of 2.67. The business's 50-day moving average price is $36.93 and its 200 day moving average price is $38.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm 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 company's quarterly revenue was up 12.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Investors of record on Monday, May 12th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. 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%.

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.