Principal Financial Group Inc. Sells 90,097 Shares of Janus Henderson Group plc (NYSE:JHG)

Principal Financial Group Inc. decreased its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,822,251 shares of the company's stock after selling 90,097 shares during the period. Principal Financial Group Inc. owned 1.16% of Janus Henderson Group worth $65,874,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Janus Henderson Group by 2.3% in the 4th quarter. US Bancorp DE now owns 11,003 shares of the company's stock valued at $468,000 after purchasing an additional 243 shares during the last quarter. Avantax Advisory Services Inc. increased its holdings in Janus Henderson Group by 4.4% during the 4th quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company's stock worth $270,000 after purchasing an additional 270 shares during the period. Larson Financial Group LLC increased its holdings in Janus Henderson Group by 33.9% during the 4th quarter. Larson Financial Group LLC now owns 1,137 shares of the company's stock worth $48,000 after purchasing an additional 288 shares during the period. Wells Fargo & Company MN increased its holdings in Janus Henderson Group by 4.0% during the 4th quarter. Wells Fargo & Company MN now owns 8,755 shares of the company's stock worth $372,000 after purchasing an additional 339 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in Janus Henderson Group by 1.1% during the 4th quarter. Sterling Capital Management LLC now owns 35,421 shares of the company's stock worth $1,506,000 after purchasing an additional 384 shares during the period. Institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Up 0.5%

Shares of NYSE JHG opened at $40.30 on Friday. The company has a current ratio of 4.38, a quick ratio of 2.67 and a debt-to-equity ratio of 0.08. The stock has a market capitalization of $6.35 billion, a PE ratio of 15.99, a price-to-earnings-growth ratio of 1.39 and a beta of 1.43. The stock's fifty day simple moving average is $36.93 and its two-hundred day simple moving average is $38.48. 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, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.07. The business had revenue of $621.40 million for the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The business's revenue for the quarter was up 12.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.71 EPS. As a group, analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were given a $0.40 dividend. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date was Monday, May 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.97%. Janus Henderson Group's dividend payout ratio (DPR) is presently 63.49%.

Wall Street Analysts Forecast Growth

JHG has been the topic of several research reports. Evercore ISI raised their price objective on 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 downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Cowen restated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. 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 report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $43.11.

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.

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