NorthRock Partners LLC Buys Shares of 6,092 Janus Henderson Group plc $JHG

Key Points

• NorthRock Partners LLC acquired a new stake in Janus Henderson Group plc by purchasing 6,092 shares valued at approximately $237,000 in the second quarter.
• Janus Henderson Group reported a quarterly EPS of $0.90, surpassing estimates, with revenue increasing by 7.6% year-over-year to $633.20 million.
• The company announced a quarterly dividend of $0.40 per share, translating to an annualized yield of 3.8%, with a current dividend payout ratio of 60.15%.

NorthRock Partners LLC bought a new stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 6,092 shares of the company's stock, valued at approximately $237,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System lifted its position in Janus Henderson Group by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company's stock worth $1,287,000 after purchasing an additional 300 shares during the period. Arete Wealth Advisors LLC lifted its position in Janus Henderson Group by 2.4% in the first quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company's stock worth $468,000 after purchasing an additional 309 shares during the period. Mubadala Investment Co PJSC lifted its position in Janus Henderson Group by 0.6% in the first quarter. Mubadala Investment Co PJSC now owns 56,807 shares of the company's stock worth $2,054,000 after purchasing an additional 324 shares during the period. Parallel Advisors LLC lifted its position in Janus Henderson Group by 3.5% in the second quarter. Parallel Advisors LLC now owns 10,672 shares of the company's stock worth $414,000 after purchasing an additional 364 shares during the period. Finally, Sylvest Advisors LLC lifted its position in Janus Henderson Group by 3.1% in the second quarter. Sylvest Advisors LLC now owns 12,099 shares of the company's stock worth $470,000 after purchasing an additional 364 shares during the period. Institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $42.20 on Friday. The stock has a market cap of $6.58 billion, a PE ratio of 15.86, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The business has a fifty day simple moving average of $44.18 and a 200-day simple moving average of $39.52. 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.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate 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 last year, the firm posted $0.85 earnings per share. Janus Henderson Group's revenue was up 7.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, August 11th. Janus Henderson Group's dividend payout ratio (DPR) is currently 60.15%.

Wall Street Analyst Weigh In

JHG has been the subject of a number of recent research reports. BMO Capital Markets assumed coverage on Janus Henderson Group in a research report on Friday, October 3rd. They set an "outperform" rating and a $52.00 price objective for the company. Evercore ISI increased their price objective on Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a research report on Friday, September 5th. Morgan Stanley reiterated a "positive" rating on shares of Janus Henderson Group in a research report on Monday, October 6th. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company increased their price objective 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. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $47.00.

Insider Buying and Selling at Janus Henderson Group

In related news, insider Georgina Fogo sold 69,000 shares of the stock in a transaction 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 sale, the insider directly owned 58,057 shares in the company, valued at approximately $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total value of $1,244,242.66. Following the sale, the chief financial officer owned 113,097 shares of the company's stock, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The disclosure for this sale can be found here. 19.60% 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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