Jupiter Asset Management Ltd. Boosts Stock Position in Janus Henderson Group plc (NYSE:JHG)

Key Points

• Jupiter Asset Management Ltd. increased its stake in Janus Henderson Group plc by 48.5% during the first quarter, owning approximately 0.63% of the company, valued at about $35.99 million.
• Major institutional investors, including Mirae Asset and GAMMA Investing, also raised their positions significantly, indicating increased confidence in Janus Henderson Group.
• Janus Henderson Group's stock currently has a consensus rating of "Hold" with a forecasted price target averaging $43.33 by analysts, reflecting a potential for growth from its current trading price.

Jupiter Asset Management Ltd. increased its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 48.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 995,445 shares of the company's stock after acquiring an additional 325,240 shares during the period. Jupiter Asset Management Ltd. owned about 0.63% of Janus Henderson Group worth $35,985,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group in the 4th quarter valued at approximately $74,989,000. Millennium Management LLC boosted its position in shares of Janus Henderson Group by 23.9% in the fourth quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock valued at $308,242,000 after acquiring an additional 1,399,781 shares during the period. SG Americas Securities LLC raised its stake in Janus Henderson Group by 4,233.1% in the 1st 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 in the last quarter. Point72 Asset Management L.P. raised its stake in Janus Henderson Group by 113.7% in the 4th 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. Finally, AQR Capital Management LLC raised its stake in Janus Henderson Group by 39.8% in the fourth quarter. AQR Capital Management LLC now owns 1,771,147 shares of the company's stock valued at $75,327,000 after purchasing an additional 503,973 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Stock Performance

Shares of NYSE:JHG traded up $0.12 during midday trading on Wednesday, reaching $43.11. The company had a trading volume of 563,292 shares, compared to its average volume of 1,290,258. The stock has a market cap of $6.72 billion, a P/E ratio of 16.21, a P/E/G ratio of 1.04 and a beta of 1.46. The company's 50 day moving average price is $39.41 and its 200 day moving average price is $38.41. The company has a current ratio of 4.49, a quick ratio of 2.30 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.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.06. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%. The business had revenue of $633.20 million for the quarter, compared to analysts' expectations of $614.46 million. During the same period in the previous year, the business posted $0.85 EPS. The firm's quarterly revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, August 28th. Stockholders of record on Monday, August 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. Janus Henderson Group's payout ratio is presently 60.15%.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JHG shares. JPMorgan Chase & Co. boosted their price target on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Evercore ISI upped their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company increased their price target on Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, Morgan Stanley increased their target price 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. Six research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $43.33.

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.