Mirae Asset Global Investments Co. Ltd. Has $6.75 Million Position in Janus Henderson Group plc $JHG

Key Points

• Mirae Asset Global Investments Co. Ltd. increased its stake in Janus Henderson Group by 67.6% in Q2, owning approximately $6.75 million worth of shares.
• Janus Henderson Group reported a 12-month revenue increase of 7.6% and exceeded earnings expectations with $0.90 EPS compared to the estimated $0.84.
• The company recently declared a quarterly dividend of $0.40 per share, resulting in an annualized dividend yield of 3.5%.

Mirae Asset Global Investments Co. Ltd. raised its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 67.6% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 173,696 shares of the company's stock after acquiring an additional 70,043 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.11% of Janus Henderson Group worth $6,746,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of JHG. Brooklyn Investment Group lifted its stake in shares of 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 holdings in Janus Henderson Group by 48.9% during the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after buying an additional 385 shares in the last quarter. Allworth Financial LP lifted its position in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock worth $48,000 after buying an additional 684 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in shares of Janus Henderson Group by 82.3% during the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock worth $83,000 after acquiring an additional 1,038 shares in the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Janus Henderson Group by 40.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,167 shares of the company's stock valued at $84,000 after acquiring an additional 621 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company's stock.

Janus Henderson Group Trading Up 1.3%

Janus Henderson Group stock opened at $45.54 on Monday. The business has a 50 day moving average price of $44.01 and a two-hundred day moving average price of $39.12. 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 12 month low of $28.26 and a 12 month high of $46.68. The stock has a market cap of $7.10 billion, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.Janus Henderson Group's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.85 EPS. As a group, equities analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Stockholders 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 dividend yield of 3.5%. Janus Henderson Group's dividend payout ratio is currently 60.15%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Wall Street Zen lowered Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Weiss Ratings reiterated a "buy (b-)" rating on shares of Janus Henderson Group in a research note on Saturday, September 27th. JPMorgan Chase & Co. boosted their target price on shares of Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company raised their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $46.20.

Insider Transactions at Janus Henderson Group

In related news, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the transaction, the chief financial officer owned 113,097 shares of the company's stock, valued at $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction that occurred on 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 sale, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. 20.40% of the stock is currently owned by company 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.

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