Vestcor Inc Acquires New Holdings in Janus Henderson Group plc (NYSE:JHG)

Key Points

• Vestcor Inc acquired a new stake in Janus Henderson Group plc, purchasing 10,061 shares valued at approximately $364,000 in the first quarter.
• Major investors like Mirae Asset Global Investments and GAMMA Investing LLC have significantly increased their holdings in Janus Henderson Group, indicating growing institutional interest.
• The latest analyst reports show price target increases for Janus Henderson Group, with several firms like Morgan Stanley and Wells Fargo raising their targets, reflecting a generally positive outlook on the stock.

Vestcor Inc acquired a new position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 10,061 shares of the company's stock, valued at approximately $364,000.

A number of other hedge funds have also modified their holdings of JHG. Raymond James Financial Inc. purchased a new stake in Janus Henderson Group during the 4th quarter worth about $726,000. American Century Companies Inc. grew its holdings in shares of Janus Henderson Group by 34.8% during the 4th quarter. American Century Companies Inc. now owns 97,524 shares of the company's stock worth $4,148,000 after purchasing an additional 25,158 shares during the period. LPL Financial LLC grew its holdings in shares of Janus Henderson Group by 53.4% during the 4th quarter. LPL Financial LLC now owns 166,748 shares of the company's stock worth $7,092,000 after purchasing an additional 58,028 shares during the period. Pictet Asset Management Holding SA grew its holdings in shares of Janus Henderson Group by 13.0% during the 4th quarter. Pictet Asset Management Holding SA now owns 19,182 shares of the company's stock worth $816,000 after purchasing an additional 2,204 shares during the period. Finally, Orion Portfolio Solutions LLC grew its holdings in shares of Janus Henderson Group by 45.8% during the 4th quarter. Orion Portfolio Solutions LLC now owns 13,363 shares of the company's stock worth $568,000 after purchasing an additional 4,200 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

JHG has been the subject of several research analyst reports. Evercore ISI increased their target price on Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Morgan Stanley upped their price target 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. Wells Fargo & Company upped their price target on Janus Henderson Group from $37.00 to $44.00 and gave the company an "equal weight" rating in a research report on Friday, July 11th. JPMorgan Chase & Co. boosted their price objective on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an "overweight" rating in a research report on Wednesday, July 16th. Finally, Cowen reaffirmed a "buy" rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Janus Henderson Group currently has an average rating of "Hold" and an average price target of $43.33.

Janus Henderson Group Price Performance

NYSE:JHG traded down $0.78 during mid-day trading on Thursday, reaching $42.35. 346,167 shares of the stock were exchanged, compared to its average volume of 1,286,427. The business has a fifty day moving average price of $39.41 and a 200 day moving average price of $38.41. The firm has a market capitalization of $6.61 billion, a PE ratio of 15.91, a PEG ratio of 1.03 and a beta of 1.46. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. The company has a current ratio of 4.49, a quick ratio of 2.30 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 earnings per share for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $614.46 million. During the same quarter last year, the company posted $0.85 EPS. Janus Henderson Group's revenue for the quarter was up 7.6% on a year-over-year basis. Research analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

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

Insider Activity

In other news, insider Georgina Fogo sold 69,000 shares of Janus Henderson Group stock in a transaction dated 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 completion of the sale, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 19.60% of the stock is currently owned by corporate insiders.

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.