Janus Henderson Group plc $JHG Position Boosted by Sit Investment Associates Inc.

Key Points

• Sit Investment Associates Inc. increased its holdings in Janus Henderson Group plc by 80.3%, acquiring an additional 6,000 shares, bringing their total shares to 13,475 valued at approximately $487,000.
• Insider Georgina Fogo sold 69,000 shares of Janus Henderson Group, reflecting a 54.31% decrease in their ownership and raising concerns about insider confidence in the stock.
• Equities analysts have upgraded Janus Henderson Group's stock ratings with Morgan Stanley and Evercore ISI raising target prices, resulting in an average target price of $43.33 and a consensus rating of "Moderate Buy."

Sit Investment Associates Inc. grew its stake in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 80.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,475 shares of the company's stock after buying an additional 6,000 shares during the period. Sit Investment Associates Inc.'s holdings in Janus Henderson Group were worth $487,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of JHG. UMB Bank n.a. grew its position in shares of Janus Henderson Group by 48.9% in the first quarter. UMB Bank n.a. now owns 1,172 shares of the company's stock valued at $42,000 after purchasing an additional 385 shares during the period. True Wealth Design LLC grew its position in shares of Janus Henderson Group by 66.9% in the fourth quarter. True Wealth Design LLC now owns 1,020 shares of the company's stock valued at $43,000 after purchasing an additional 409 shares during the period. Allworth Financial LP grew its position in shares of Janus Henderson Group by 87.9% in the first quarter. Allworth Financial LP now owns 1,462 shares of the company's stock valued at $48,000 after purchasing an additional 684 shares during the period. Bessemer Group Inc. grew its position in shares of Janus Henderson Group by 825.2% in the fourth 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 during the period. Finally, Farther Finance Advisors LLC grew its position in shares of Janus Henderson Group by 82.3% in the first 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 during the period. Hedge funds and other institutional investors own 87.94% of the company's stock.

Analyst Ratings Changes

JHG has been the subject of a number of recent analyst reports. Morgan Stanley lifted their price objective on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, July 2nd. Wall Street Zen upgraded Janus Henderson Group from a "hold" rating to a "buy" rating in a report on Saturday. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Evercore ISI lifted their target price on Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Friday, May 2nd. Finally, Wells Fargo & Company lifted their target price on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a report on Friday, July 11th. Five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Insider Transactions at Janus Henderson Group

In other Janus Henderson Group 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 transaction of $2,971,830.00. Following the sale, the insider owned 58,057 shares in the company, valued at $2,500,514.99. This represents a 54.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 20.40% of the stock is owned by insiders.

Janus Henderson Group Stock Down 0.6%

Shares of NYSE:JHG traded down $0.25 during trading on Wednesday, hitting $42.35. The company's stock had a trading volume of 535,974 shares, compared to its average volume of 1,279,546. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The stock's 50-day moving average price is $40.74 and its two-hundred day moving average price is $38.40. The company has a market capitalization of $6.61 billion, a PE ratio of 15.92, a PEG ratio of 1.03 and a beta of 1.46.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, topping the consensus estimate of $0.84 by $0.06. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.The business had revenue of $633.20 million for the quarter, compared to analysts' expectations of $614.46 million. During the same quarter in the previous year, the firm posted $0.85 earnings per share. The company's revenue was up 7.6% compared to the same quarter last year. As a group, sell-side analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 28th. Investors of record on Monday, August 11th will be paid a $0.40 dividend. The ex-dividend date is Monday, August 11th. This represents a $1.60 annualized dividend and a dividend yield of 3.8%. Janus Henderson Group's payout ratio is 60.15%.

Janus Henderson Group Company 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.