Mirae Asset Global Investments Co. Ltd. Acquires 11,435 Shares of Janus Henderson Group plc (NYSE:JHG)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 12.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 103,653 shares of the company's stock after acquiring an additional 11,435 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Janus Henderson Group worth $3,729,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in shares of Janus Henderson Group by 4,188.8% during the 1st quarter. GAMMA Investing LLC now owns 144,962 shares of the company's stock valued at $5,240,000 after purchasing an additional 141,582 shares during the period. Delphi Management Inc. MA acquired a new position in Janus Henderson Group during the fourth quarter worth about $1,419,000. Bank of New York Mellon Corp grew its holdings in Janus Henderson Group by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,064,556 shares of the company's stock worth $45,276,000 after acquiring an additional 32,346 shares during the period. Truist Financial Corp raised its position in Janus Henderson Group by 110.2% in the fourth quarter. Truist Financial Corp now owns 5,426 shares of the company's stock worth $231,000 after acquiring an additional 2,845 shares in the last quarter. Finally, Assenagon Asset Management S.A. lifted its holdings in Janus Henderson Group by 23.7% in the 1st quarter. Assenagon Asset Management S.A. now owns 63,334 shares of the company's stock valued at $2,290,000 after acquiring an additional 12,119 shares during the last quarter. Institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Up 1.7%

Shares of JHG stock traded up $0.68 during trading on Wednesday, hitting $40.14. 939,750 shares of the company were exchanged, compared to its average volume of 1,154,399. The firm has a market capitalization of $6.32 billion, a price-to-earnings ratio of 15.93, a P/E/G ratio of 1.36 and a beta of 1.43. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.67 and a current ratio of 4.38. The business's 50-day simple moving average is $36.47 and its 200 day simple moving average is $38.54. Janus Henderson Group plc has a twelve month low of $28.26 and a twelve month high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The company had revenue of $621.40 million during the quarter, compared to the consensus estimate of $623.56 million. During the same quarter in the prior year, the company posted $0.71 EPS. The firm's revenue was up 12.6% on a year-over-year basis. As a group, analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were given a $0.40 dividend. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a yield of 3.99%. The ex-dividend date of this dividend was Monday, May 12th. Janus Henderson Group's payout ratio is currently 63.49%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JHG shares. The Goldman Sachs Group lowered their price objective on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Bank of America upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and decreased their price target for the stock from $57.00 to $43.00 in a research report on Thursday, April 3rd. Wells Fargo & Company cut their price objective on Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Wall Street Zen lowered Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Tuesday, March 25th. Finally, Morgan Stanley upped their target price on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a report on Wednesday. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $43.11.

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.