Park Avenue Securities LLC Sells 13,679 Shares of Janus Henderson Group plc $JHG

Key Points

• Park Avenue Securities LLC has reduced its stake in Janus Henderson Group plc by 35.1%, selling 13,679 shares, and now holds 25,320 shares valued at $983,000.
• Insider transactions include Georgina Fogo selling 69,000 shares, marking a 54.31% decrease in her holdings, and CFO Roger Mj Thompson selling 27,491 shares, which reduced his ownership by 19.55%.
• Janus Henderson Group has announced a quarterly dividend of $0.40 per share, representing a yield of 3.6% and a dividend payout ratio of 60.15%.

Park Avenue Securities LLC cut its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 35.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 25,320 shares of the company's stock after selling 13,679 shares during the quarter. Park Avenue Securities LLC's holdings in Janus Henderson Group were worth $983,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. raised its position in shares of Janus Henderson Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company's stock valued at $514,311,000 after purchasing an additional 78,321 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Janus Henderson Group by 7.7% in the first quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company's stock valued at $178,800,000 after purchasing an additional 352,617 shares during the period. AQR Capital Management LLC raised its position in shares of Janus Henderson Group by 8.8% in the first quarter. AQR Capital Management LLC now owns 1,926,206 shares of the company's stock valued at $68,400,000 after purchasing an additional 155,059 shares during the period. Clark Capital Management Group Inc. raised its position in shares of Janus Henderson Group by 2.0% in the first quarter. Clark Capital Management Group Inc. now owns 1,445,920 shares of the company's stock valued at $52,270,000 after purchasing an additional 28,117 shares during the period. Finally, Invesco Ltd. raised its position in shares of Janus Henderson Group by 15.5% in the first quarter. Invesco Ltd. now owns 1,354,770 shares of the company's stock valued at $48,975,000 after purchasing an additional 182,014 shares during the period. 87.94% of the stock is owned by institutional investors.

Insider Activity

In other news, insider Georgina Fogo sold 69,000 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Roger Mj Thompson sold 27,491 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $5,118,770.22. The trade was 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 owned by company insiders.

Janus Henderson Group Price Performance

JHG stock opened at $44.87 on Friday. 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. The firm has a market cap of $7.00 billion, a P/E ratio of 16.87, a P/E/G ratio of 1.07 and a beta of 1.51. The company's 50-day moving average price is $43.79 and its two-hundred day moving average price is $38.84.

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

Janus Henderson Group Announces Dividend

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

Analyst Ratings Changes

JHG has been the topic of a number of recent research reports. Morgan Stanley raised their price target on shares of 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. Wall Street Zen lowered shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Saturday, August 30th. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, September 8th. Evercore ISI raised their price target on shares of Janus Henderson Group from $45.00 to $48.00 and gave the stock an "in-line" rating in a research report on Friday, September 5th. Finally, Wells Fargo & Company raised their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the stock an "equal weight" rating in a research report on Friday, July 11th. Five research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $44.78.

About Janus Henderson Group

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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