Nuveen LLC Takes Position 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 purchased a new position in Janus Henderson Group plc (NYSE:JHG - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 605,523 shares of the company's stock, valued at approximately $21,890,000. Nuveen LLC owned 0.38% of Janus Henderson Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in JHG. UMB Bank n.a. grew its stake in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock worth $42,000 after acquiring an additional 385 shares during the period. True Wealth Design LLC boosted its holdings in shares of Janus Henderson Group by 66.9% in the fourth quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock worth $43,000 after buying an additional 409 shares during the last quarter. Allworth Financial LP boosted its holdings 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 holdings in shares of Janus Henderson Group by 82.3% in the first quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock worth $83,000 after buying an additional 1,038 shares during the last quarter. Finally, Wealthquest Corp purchased a new position in shares of Janus Henderson Group in the first quarter worth approximately $115,000. 87.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

JHG has been the topic of a number of research reports. Evercore ISI raised their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Friday, May 2nd. Wall Street Zen raised shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a report on Saturday, August 16th. Cowen reissued a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Wells Fargo & Company raised their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a report on Friday, July 11th. Finally, Morgan Stanley raised 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 report on Wednesday, July 2nd. Five research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.33.

Janus Henderson Group Price Performance

NYSE:JHG traded up $1.4470 during trading hours on Friday, hitting $43.7470. 1,153,442 shares of the stock traded hands, compared to its average volume of 1,132,266. 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 1 year low of $28.26 and a 1 year high of $46.68. The company has a market cap of $6.82 billion, a price-to-earnings ratio of 16.45, a price-to-earnings-growth ratio of 1.05 and a beta of 1.46. The stock has a 50 day moving average price of $41.11 and a 200 day moving average price of $38.36.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business had revenue of $633.20 million for the quarter, compared to the consensus estimate of $614.46 million. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The company's revenue for the quarter was up 7.6% on a year-over-year basis. Sell-side analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

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

Insider Activity

In other news, 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 transaction of $2,971,830.00. Following the sale, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 19.60% of the stock is currently owned by insiders.

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.