Millennium Management LLC Decreases Stock Position in Janus Henderson Group plc $JHG

Key Points

• Millennium Management LLC reduced its position in Janus Henderson Group plc by 30.5%, selling 2,209,607 shares, and now holds approximately 3.20% of the company valued at $182.125 million.
• Janus Henderson Group recently reported earnings of $0.90 per share, exceeding estimates, with a revenue of $633.20 million, indicating a 7.6% increase compared to the previous year.
• The company declared a quarterly dividend of $0.40 per share, representing an annualized yield of 3.5% with a payout ratio of 60.15%.

Millennium Management LLC decreased its position in Janus Henderson Group plc (NYSE:JHG - Free Report) by 30.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,038,026 shares of the company's stock after selling 2,209,607 shares during the quarter. Millennium Management LLC owned about 3.20% of Janus Henderson Group worth $182,125,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in JHG. Brooklyn Investment Group raised its stake in Janus Henderson Group by 182.2% in the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company's stock valued at $33,000 after purchasing an additional 594 shares during the last quarter. UMB Bank n.a. raised its stake in Janus Henderson Group by 48.9% in the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after purchasing an additional 385 shares during the last quarter. Allworth Financial LP raised its stake in Janus Henderson Group by 87.9% in the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after purchasing an additional 684 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Janus Henderson Group by 82.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after purchasing an additional 1,038 shares during the last quarter. Finally, Wealthquest Corp acquired a new position in Janus Henderson Group in the 1st quarter valued at about $115,000. Institutional investors and hedge funds own 87.94% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on JHG shares. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Zacks Research downgraded shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday. Wells Fargo & Company upped their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. upped their price objective on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research note on Wednesday, July 16th. Finally, Morgan Stanley upped their price objective on shares of 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. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $44.78.

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 that occurred on 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 completion of the transaction, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 20.40% of the stock is currently owned by corporate insiders.

Janus Henderson Group Trading Up 0.0%

Shares of NYSE:JHG traded up $0.01 during trading on Wednesday, reaching $44.34. 325,406 shares of the stock were exchanged, compared to its average volume of 1,259,898. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $46.68. The firm has a market cap of $6.92 billion, a price-to-earnings ratio of 16.68, a price-to-earnings-growth ratio of 1.07 and a beta of 1.51. The firm's 50-day moving average price is $42.77 and its 200 day moving average price is $38.40.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its 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. 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 during the quarter, compared to analysts' expectations of $614.46 million. During the same quarter in the previous year, the business earned $0.85 EPS. The company's revenue for the quarter was up 7.6% on a year-over-year basis. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

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

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.