Magnetar Financial LLC Makes New Investment in Janus Henderson Group plc $JHG

Key Points

• Magnetar Financial LLC has made a new investment in Janus Henderson Group, acquiring 162,733 shares valued at approximately $5.88 million, representing 0.10% of the company's stock.
• Analysts have increased their price targets for Janus Henderson Group, with a consensus target of $43.33 and ratings ranging from "Buy" to "Hold."
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.6%.

Magnetar Financial LLC bought a new position in Janus Henderson Group plc (NYSE:JHG - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 162,733 shares of the company's stock, valued at approximately $5,883,000. Magnetar Financial LLC owned 0.10% of Janus Henderson Group as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Janus Henderson Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock worth $514,311,000 after buying an additional 78,321 shares during the period. Millennium Management LLC boosted its holdings in 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 in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Janus Henderson Group by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock valued at $178,800,000 after acquiring an additional 352,617 shares in the last quarter. Northern Trust Corp boosted its holdings in Janus Henderson Group by 8.4% in the fourth quarter. Northern Trust Corp now owns 2,320,796 shares of the company's stock valued at $98,703,000 after acquiring an additional 180,726 shares in the last quarter. Finally, Castlekeep Investment Advisors LLC bought a new stake in Janus Henderson Group in the fourth quarter valued at $74,989,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHG has been the topic of several recent analyst reports. 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. JPMorgan Chase & Co. lifted their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a report on Wednesday, July 16th. Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley lifted 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. Finally, Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Five research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Janus Henderson Group Stock Performance

NYSE:JHG traded up $0.80 during mid-day trading on Thursday, reaching $44.81. The company's stock had a trading volume of 225,175 shares, compared to its average volume of 1,263,096. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $46.68. The firm's fifty day moving average price is $42.31 and its two-hundred day moving average price is $38.40. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08. The stock has a market cap of $6.99 billion, a P/E ratio of 16.85, a PEG ratio of 1.07 and a beta of 1.51.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates 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 fiscal year.

Janus Henderson Group Announces Dividend

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

Insider Activity at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the transaction, the insider directly owned 58,057 shares in the company, valued at approximately $2,500,514.99. The trade was a 54.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 20.40% of the stock is owned by 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.