OLD National Bancorp IN Reduces Stock Position in Janus Henderson Group plc $JHG

Key Points

• OLD National Bancorp IN reduced its stake in Janus Henderson Group plc by 66.7%, selling 47,046 shares during the second quarter, leaving them with 23,474 shares valued at $912,000.
• The stock has seen a range of analyst ratings, with Weiss Ratings maintaining a "buy" rating while Zacks Research downgraded it from "strong-buy" to "hold", leading to an average rating of "Moderate Buy" with a target price of $47.00.
• Janus Henderson Group announced a quarterly dividend of $0.40 per share, representing an annualized yield of 3.5% and a payout ratio of 60.15%.

OLD National Bancorp IN cut its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 66.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 23,474 shares of the company's stock after selling 47,046 shares during the period. OLD National Bancorp IN's holdings in Janus Henderson Group were worth $912,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the business. Brooklyn Investment Group raised its position in shares of Janus Henderson Group by 182.2% during the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company's stock worth $33,000 after acquiring an additional 594 shares in 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 worth $42,000 after purchasing an additional 385 shares in the last quarter. Allworth Financial LP lifted its position in shares of Janus Henderson Group by 87.9% during the 1st 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. Fifth Third Bancorp lifted its position 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 worth $84,000 after buying an additional 621 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its position in shares of Janus Henderson Group by 82.3% in the 1st quarter. Farther Finance Advisors LLC now owns 2,299 shares of the company's stock valued at $83,000 after buying an additional 1,038 shares during the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

JHG has been the subject of a number of research reports. Weiss Ratings reissued a "buy (b-)" rating on shares of Janus Henderson Group in a research report on Saturday, September 27th. Bank of America boosted their target price on Janus Henderson Group from $49.00 to $50.00 and gave the company a "buy" rating in a report on Thursday, October 2nd. BMO Capital Markets initiated coverage on Janus Henderson Group in a research report on Friday. They issued an "outperform" rating and a $52.00 target price for the company. Zacks Research lowered Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Finally, Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat, Janus Henderson Group has an average 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 dated 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 completion of the transaction, the insider directly owned 58,057 shares of the company's stock, valued at $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Roger Mj Thompson sold 27,491 shares of the firm's stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the sale, the chief financial officer owned 113,097 shares of the company's stock, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their position. The disclosure for this sale can be found here. 19.60% of the stock is currently owned by company insiders.

Janus Henderson Group Stock Down 0.0%

JHG opened at $45.61 on Tuesday. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $46.68. The business has a 50 day moving average price of $44.06 and a two-hundred day moving average price of $39.18. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. The company has a market cap of $7.11 billion, a PE ratio of 17.15, a P/E/G ratio of 1.02 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share (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 business had revenue of $633.20 million for the quarter, compared to analyst estimates of $614.46 million. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company's revenue for the quarter was up 7.6% compared to the same quarter last year. As a group, research analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Shareholders of record on Monday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Monday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 3.5%. Janus Henderson Group's dividend payout ratio is presently 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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