LPL Financial LLC Raises Holdings in Janus Henderson Group plc (NYSE:JHG)

Key Points

• LPL Financial LLC increased its holdings in Janus Henderson Group by 9.8% in Q1, now owning approximately 0.12% of the company, valued at $6.62 million.
• Insider Georgina Fogo sold 69,000 shares of Janus Henderson Group for approximately $2.97 million, representing a 54.31% decrease in her position.
• Janus Henderson Group reported earnings of $0.90 per share, exceeding analyst expectations and showing a 7.6% year-over-year revenue growth for the quarter.

LPL Financial LLC grew its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 9.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 183,044 shares of the company's stock after buying an additional 16,296 shares during the period. LPL Financial LLC owned approximately 0.12% of Janus Henderson Group worth $6,617,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in JHG. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Janus Henderson Group by 6.1% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,595 shares of the company's stock valued at $2,010,000 after buying an additional 3,217 shares in the last quarter. Cetera Investment Advisers boosted its stake in Janus Henderson Group by 15.2% in the first quarter. Cetera Investment Advisers now owns 83,039 shares of the company's stock valued at $3,002,000 after buying an additional 10,955 shares in the last quarter. Avantax Advisory Services Inc. boosted its stake in shares of Janus Henderson Group by 24.6% during the first quarter. Avantax Advisory Services Inc. now owns 7,919 shares of the company's stock valued at $286,000 after purchasing an additional 1,563 shares in the last quarter. J. W. Coons Advisors LLC boosted its stake in shares of Janus Henderson Group by 8.8% during the first quarter. J. W. Coons Advisors LLC now owns 10,398 shares of the company's stock valued at $376,000 after purchasing an additional 837 shares in the last quarter. Finally, Oak Thistle LLC acquired a new stake in shares of Janus Henderson Group during the first quarter valued at about $2,419,000. Institutional investors own 87.94% of the company's stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on JHG. Morgan Stanley lifted their price target on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note 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 research note on Friday, July 11th. 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 research note on Friday, May 2nd. JPMorgan Chase & Co. lifted their price objective on Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $43.33.

Janus Henderson Group Stock Performance

JHG stock traded down $0.81 during midday trading on Friday, hitting $43.34. The company's stock had a trading volume of 443,734 shares, compared to its average volume of 1,280,640. The stock's 50-day moving average price is $40.38 and its 200 day moving average price is $38.46. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. 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 cap of $6.76 billion, a price-to-earnings ratio of 16.29, a PEG ratio of 1.07 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.90 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 firm had revenue of $633.20 million for the quarter, compared to analysts' expectations of $614.46 million. During the same quarter in the prior year, the firm earned $0.85 EPS. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. On average, equities analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders of record on Monday, August 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 11th. Janus Henderson Group's dividend payout ratio is currently 60.15%.

Insiders Place Their Bets

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of the company's stock in a transaction dated Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.60% of the stock is owned by corporate insiders.

Janus Henderson Group 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.