Nuveen LLC Acquires New Stake in Janus Henderson Group plc $JHG

Key Points

• Nuveen LLC has acquired a new stake in Janus Henderson Group plc, purchasing 605,523 shares valued at approximately $21.89 million, which now represents about 0.38% ownership in the company.
• Insider Georgina Fogo sold 69,000 shares of Janus Henderson stock, reducing her position by 54.31%, while 87.94% of the stock is currently owned by institutional investors and hedge funds.
• Janus Henderson Group has announced a quarterly dividend of $0.40 per share, with an annualized yield of 3.7%, scheduled for payment on August 28th to investors of record as of August 11th.

Nuveen LLC acquired a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 605,523 shares of the company's stock, valued at approximately $21,890,000. Nuveen LLC owned about 0.38% of Janus Henderson Group as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Castlekeep Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group in the 4th quarter worth $74,989,000. Millennium Management LLC increased its stake in shares of Janus Henderson Group by 23.9% in the 4th quarter. Millennium Management LLC now owns 7,247,633 shares of the company's stock worth $308,242,000 after acquiring an additional 1,399,781 shares during the last quarter. SG Americas Securities LLC increased its stake in shares of Janus Henderson Group by 4,233.1% in the 1st quarter. SG Americas Securities LLC now owns 834,380 shares of the company's stock worth $30,163,000 after acquiring an additional 815,124 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Janus Henderson Group by 113.7% in the 4th quarter. Point72 Asset Management L.P. now owns 1,010,600 shares of the company's stock worth $42,981,000 after acquiring an additional 537,700 shares during the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Janus Henderson Group by 39.8% in the 4th quarter. AQR Capital Management LLC now owns 1,771,147 shares of the company's stock worth $75,327,000 after acquiring an additional 503,973 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction dated 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 $2,500,514.99. This trade represents a 54.31% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 19.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on JHG. Wall Street Zen raised Janus Henderson Group from a "hold" rating to a "buy" rating in a research note on Saturday. Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Wells Fargo & Company raised their target price on Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Friday, July 11th. Evercore ISI raised their target price on Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Finally, Morgan Stanley raised their price objective on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research report on Wednesday, July 2nd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $43.33.

Janus Henderson Group Stock Down 0.9%

Shares of NYSE:JHG opened at $42.88 on Tuesday. The business has a 50-day moving average price of $40.63 and a 200 day moving average price of $38.37. 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 company has a market capitalization of $6.69 billion, a price-to-earnings ratio of 16.12, a PEG ratio of 1.04 and a beta of 1.46. 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 announced its earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating 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 company had revenue of $633.20 million during the quarter, compared to analysts' expectations of $614.46 million. During the same period last year, the business posted $0.85 EPS. Janus Henderson Group's revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 11th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date is Monday, August 11th. Janus Henderson Group's dividend payout ratio (DPR) is 60.15%.

Janus Henderson Group Company 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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