Sierra Summit Advisors LLC Buys New Stake in Janus Henderson Group plc (NYSE:JHG)

Key Points

• Sierra Summit Advisors LLC has acquired a new position in Janus Henderson Group plc, purchasing 16,247 shares valued at approximately $587,000 during the first quarter.
• Insider Georgina Fogo sold 69,000 shares of the company, resulting in a 54.31% decrease in her ownership, valued at about $2.5 million after the sale.
• Janus Henderson Group recently declared a quarterly dividend of $0.40 per share, representing a 3.7% dividend yield for shareholders of record as of August 11th.

Sierra Summit Advisors LLC bought a new position in Janus Henderson Group plc (NYSE:JHG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 16,247 shares of the company's stock, valued at approximately $587,000.

Several other institutional investors and hedge funds have also modified their holdings of JHG. UMB Bank n.a. lifted its holdings in shares of Janus Henderson Group by 48.9% in the 1st quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after buying an additional 385 shares during the period. True Wealth Design LLC lifted its holdings in shares of Janus Henderson Group by 66.9% in the 4th quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock valued at $43,000 after buying an additional 409 shares during the period. Allworth Financial LP increased its stake in shares of Janus Henderson Group by 87.9% in the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after purchasing an additional 684 shares in the last quarter. Bessemer Group Inc. increased its stake in shares of Janus Henderson Group by 825.2% in the 4th quarter. Bessemer Group Inc. now owns 1,286 shares of the company's stock valued at $55,000 after purchasing an additional 1,147 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake 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 purchasing an additional 1,038 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company's stock.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock traded up $0.28 on Wednesday, hitting $44.20. 30,988 shares of the company were exchanged, compared to its average volume of 1,280,807. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 16.58, a price-to-earnings-growth ratio of 1.03 and a beta of 1.46. The company has a 50-day moving average price of $40.05 and a 200 day moving average price of $38.40. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. 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 (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 business had revenue of $633.20 million for the quarter, compared to analysts' expectations of $614.46 million. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%. The business's revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.85 EPS. As a group, sell-side analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

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

Insider Buying and Selling

In related news, insider Georgina Fogo sold 69,000 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was sold at an average price of $43.07, for a total value of $2,971,830.00. Following the transaction, the insider directly owned 58,057 shares in the company, valued at approximately $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 20.40% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cowen restated a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Wells Fargo & Company lifted their price target 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. boosted their price objective 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. Morgan Stanley boosted their price objective on Janus Henderson Group from $33.00 to $36.00 and gave the stock an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI boosted their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a research note on Friday, May 2nd. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group presently has an average rating of "Hold" and an average price target of $43.33.

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.