Kestra Investment Management LLC Decreases Stock Holdings in Janus Henderson Group plc $JHG

Key Points

• Kestra Investment Management LLC reduced its holdings in Janus Henderson Group plc by 42.1%, now owning 8,293 shares worth approximately $300,000.
• Various institutional investors, including Vanguard Group Inc. and Millennium Management LLC, have increased their shares in Janus Henderson Group, indicating ongoing investor interest.
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, reflecting an annualized dividend of $1.60 and a yield of 3.6%.

Kestra Investment Management LLC trimmed its position in Janus Henderson Group plc (NYSE:JHG - Free Report) by 42.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,293 shares of the company's stock after selling 6,029 shares during the quarter. Kestra Investment Management LLC's holdings in Janus Henderson Group were worth $300,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in JHG. Brooklyn Investment Group boosted its holdings in Janus Henderson Group by 182.2% in the first quarter. Brooklyn Investment Group now owns 920 shares of the company's stock valued at $33,000 after acquiring an additional 594 shares in the last quarter. UMB Bank n.a. boosted its holdings in Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after acquiring an additional 385 shares in the last quarter. Allworth Financial LP boosted its holdings in Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after acquiring an additional 684 shares in the last quarter. Farther Finance Advisors LLC boosted its holdings in Janus Henderson Group by 82.3% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Wealthquest Corp bought a new stake in Janus Henderson Group in the first quarter valued at $115,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the company's stock in a transaction dated Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.60% of the stock is currently owned by insiders.

Janus Henderson Group Stock Down 1.0%

Janus Henderson Group stock traded down $0.44 during mid-day trading on Friday, reaching $44.93. The stock had a trading volume of 750,871 shares, compared to its average volume of 1,261,192. The company has a market capitalization of $7.01 billion, a price-to-earnings ratio of 16.89, a PEG ratio of 1.07 and a beta of 1.51. The company has a 50-day moving average price of $42.96 and a two-hundred day moving average price of $38.47. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91.

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

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were paid a $0.40 dividend. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. Janus Henderson Group's payout ratio is presently 60.15%.

Analyst Ratings Changes

Several analysts recently weighed in on the stock. Wells Fargo & Company lifted their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Zacks Research cut shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a report on Monday. Evercore ISI boosted their target price on shares of Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a report on Friday, September 5th. Morgan Stanley boosted their target price 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. Finally, Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Five analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Janus Henderson Group has an average rating of "Hold" and an average target price of $44.78.

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.