Janus Henderson Group PLC Trims Holdings in MAG Silver Corp. (NYSEAMERICAN:MAG)

Janus Henderson Group PLC reduced its stake in MAG Silver Corp. (NYSEAMERICAN:MAG - Free Report) by 10.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 495,472 shares of the company's stock after selling 58,343 shares during the quarter. Janus Henderson Group PLC owned approximately 0.48% of MAG Silver worth $6,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Eschler Asset Management LLP boosted its holdings in MAG Silver by 83.3% in the fourth quarter. Eschler Asset Management LLP now owns 55,000 shares of the company's stock valued at $748,000 after purchasing an additional 25,000 shares during the period. D. E. Shaw & Co. Inc. acquired a new stake in MAG Silver during the fourth quarter worth approximately $156,000. Bank of America Corp DE lifted its position in shares of MAG Silver by 5.1% during the 4th quarter. Bank of America Corp DE now owns 49,779 shares of the company's stock worth $677,000 after buying an additional 2,399 shares during the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in shares of MAG Silver in the 4th quarter valued at $188,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of MAG Silver in the 4th quarter valued at $222,000. 52.50% of the stock is owned by institutional investors and hedge funds.

MAG Silver Price Performance

NYSEAMERICAN MAG traded up $0.24 on Friday, hitting $18.70. 200,369 shares of the company's stock were exchanged, compared to its average volume of 1,021,649. The firm has a market cap of $1.93 billion, a price-to-earnings ratio of 26.34 and a beta of 1.09. The firm's 50-day moving average price is $15.79 and its two-hundred day moving average price is $15.49. MAG Silver Corp. has a fifty-two week low of $11.29 and a fifty-two week high of $19.17.

MAG Silver Dividend Announcement

The company also recently disclosed a -- dividend, which will be paid on Wednesday, May 28th. Investors of record on Monday, May 19th will be issued a dividend of $0.18 per share. The ex-dividend date of this dividend is Monday, May 19th. This represents a yield of 0.5%. MAG Silver's dividend payout ratio is presently 101.41%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Roth Mkm cut their price target on MAG Silver from $16.50 to $16.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 25th. TD Securities cut shares of MAG Silver from a "strong-buy" rating to a "strong sell" rating in a report on Thursday. Roth Capital set a $16.00 price target on shares of MAG Silver in a research report on Tuesday, March 25th. Scotiabank reissued a "sector perform" rating on shares of MAG Silver in a research report on Monday, April 14th. Finally, Canaccord Genuity Group cut shares of MAG Silver from a "strong-buy" rating to a "hold" rating in a report on Monday, May 12th. One analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $18.13.

About MAG Silver

MAG Silver Corp. develops and explores for precious metal properties in Canada. It explores for silver, gold, lead, copper, and zinc deposits. The company's flagship property is the 44% owned Juanicipio property located in the Fresnillo District, Zacatecas State, Mexico. MAG Silver Corp. is headquartered in Vancouver, Canada.