Pallas Capital Advisors LLC Buys 12,212 Shares of Janus Henderson Group plc $JHG

Key Points

• Pallas Capital Advisors LLC increased its stake in Janus Henderson Group plc by 137.6%, holding a total of 21,089 shares valued at approximately $819,000.
• Several analysts have raised their price targets for Janus Henderson Group, with JPMorgan raising it from $44.00 to $47.00, while overall ratings vary with five analysts giving a Buy rating and six a Hold rating.
• The company recently declared a quarterly dividend of $0.40 per share, representing a yield of 3.6%, with a payout ratio of 60.15%.

Pallas Capital Advisors LLC grew its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 137.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,089 shares of the company's stock after acquiring an additional 12,212 shares during the period. Pallas Capital Advisors LLC's holdings in Janus Henderson Group were worth $819,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in JHG. Financiere des Professionnels Fonds d investissement inc. bought a new position in Janus Henderson Group in the second quarter valued at $160,000. Parallel Advisors LLC increased its stake in Janus Henderson Group by 3.5% in the second quarter. Parallel Advisors LLC now owns 10,672 shares of the company's stock valued at $414,000 after acquiring an additional 364 shares during the last quarter. City Center Advisors LLC bought a new position in Janus Henderson Group in the second quarter valued at $220,000. Kera Capital Partners Inc. bought a new position in Janus Henderson Group in the second quarter valued at $308,000. Finally, Voya Investment Management LLC grew its stake in shares of Janus Henderson Group by 14.2% during the first quarter. Voya Investment Management LLC now owns 96,533 shares of the company's stock valued at $3,490,000 after buying an additional 11,985 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

Insider Buying and Selling at Janus Henderson Group

In related news, CFO Roger Mj Thompson sold 27,491 shares of the company's stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Georgina Fogo sold 69,000 shares of the company's 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 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 position. The disclosure for this sale can be found here. Corporate insiders own 20.40% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on JHG shares. Wall Street Zen cut Janus Henderson Group from a "buy" rating to a "hold" rating in a research note on Saturday, August 30th. Evercore ISI raised their price objective on Janus Henderson Group from $45.00 to $48.00 and gave the company an "in-line" rating in a research note on Friday, September 5th. Wells Fargo & Company raised their price objective on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research note on Friday, July 11th. JPMorgan Chase & Co. raised their target price on Janus Henderson Group from $44.00 to $47.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 16th. Finally, Zacks Research cut Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Five investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Janus Henderson Group has an average rating of "Hold" and an average price target of $44.78.

Janus Henderson Group Stock Performance

Janus Henderson Group stock traded down $0.16 during trading on Monday, reaching $44.66. The company had a trading volume of 323,480 shares, compared to its average volume of 1,255,521. The firm has a market capitalization of $6.97 billion, a price-to-earnings ratio of 16.80, a price-to-earnings-growth ratio of 1.08 and a beta of 1.51. 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 firm's 50-day simple moving average is $43.45 and its 200 day simple moving average is $38.60. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week 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 earnings per share for the quarter, topping the consensus estimate of $0.84 by $0.06. The company had revenue of $633.20 million during the quarter, compared to the consensus estimate of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. Janus Henderson Group's quarterly revenue was up 7.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Sell-side analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, August 28th. Investors of record on Monday, August 11th were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, August 11th. This represents a $1.60 annualized dividend and a yield of 3.6%. Janus Henderson Group's dividend payout ratio is currently 60.15%.

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.