QRG Capital Management Inc. Acquires 43,277 Shares of Janus Henderson Group plc $JHG

Key Points

• QRG Capital Management Inc. significantly increased its stake in Janus Henderson Group plc by acquiring 43,277 additional shares, bringing its total holdings to 77,437 shares worth approximately $3 million.
• Recent analyst ratings show a mixed outlook for Janus Henderson Group, with a "Moderate Buy" average rating and price targets ranging from $47 to $50.
• Janus Henderson Group reported earnings of $0.90 per share for the latest quarter, exceeding analysts' expectations, and announced a quarterly dividend of $0.40 per share, yielding 3.5% annually.

QRG Capital Management Inc. increased its holdings in Janus Henderson Group plc (NYSE:JHG - Free Report) by 126.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,437 shares of the company's stock after acquiring an additional 43,277 shares during the quarter. QRG Capital Management Inc.'s holdings in Janus Henderson Group were worth $3,008,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. grew its holdings in Janus Henderson Group by 12.4% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 103,653 shares of the company's stock worth $3,729,000 after purchasing an additional 11,435 shares during the period. GAMMA Investing LLC boosted its position in shares of Janus Henderson Group by 4,188.8% in the 1st quarter. GAMMA Investing LLC now owns 144,962 shares of the company's stock worth $5,240,000 after purchasing an additional 141,582 shares in the last quarter. Envestnet Asset Management Inc. boosted its position in shares of Janus Henderson Group by 28.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 320,093 shares of the company's stock worth $11,571,000 after purchasing an additional 71,553 shares in the last quarter. Sierra Summit Advisors LLC purchased a new stake in shares of Janus Henderson Group in the 1st quarter worth approximately $587,000. Finally, Jump Financial LLC bought a new position in Janus Henderson Group during the 1st quarter valued at approximately $6,099,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have issued reports on JHG. Weiss Ratings reiterated a "buy (b-)" rating on shares of Janus Henderson Group in a research note on Saturday, September 27th. Bank of America lifted their price target on Janus Henderson Group from $49.00 to $50.00 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Evercore ISI upped 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 note on Friday, September 5th. Zacks Research lowered shares of Janus Henderson Group from a "strong-buy" rating to a "hold" rating in a research note on Monday, September 8th. Finally, Wall Street Zen cut shares of Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Saturday, August 30th. One equities research 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 company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $47.00.

Janus Henderson Group Trading Down 0.0%

Janus Henderson Group stock opened at $45.61 on Tuesday. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68. The business's fifty day moving average is $44.06 and its 200 day moving average is $39.18. The stock has a market capitalization of $7.11 billion, a PE ratio of 17.15, a price-to-earnings-growth ratio of 1.02 and a beta of 1.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91.

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 analysts' consensus estimates of $0.84 by $0.06. The business had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.Janus Henderson Group's revenue was up 7.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 EPS. On average, sell-side analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, August 28th. Investors 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 60.15%.

Insider Activity at Janus Henderson Group

In related news, 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 value of $1,244,242.66. Following the sale, the chief financial officer owned 113,097 shares in the company, valued at approximately $5,118,770.22. This trade represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction 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 of the company's stock, valued at approximately $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 19.60% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.