Virtu Financial LLC Acquires Shares of 8,834 Janus Henderson Group plc $JHG

Key Points

• Virtu Financial LLC has acquired a new stake in Janus Henderson Group plc, purchasing 8,834 shares valued at approximately $319,000 during the first quarter.
• Janus Henderson Group's stock has received multiple upgrades from analysts, with JPMorgan raising its price target from $44.00 to $47.00 and maintaining an "overweight" rating.
• The firm announced a quarterly dividend of $0.40 per share, representing an annualized dividend of $1.60 and a yield of 3.7%.

Virtu Financial LLC bought a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 8,834 shares of the company's stock, valued at approximately $319,000.

Several other large investors also recently modified their holdings of JHG. Wells Fargo & Company MN grew its stake in Janus Henderson Group by 4.0% in the fourth quarter. Wells Fargo & Company MN now owns 8,755 shares of the company's stock valued at $372,000 after purchasing an additional 339 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in Janus Henderson Group by 4.1% during the 4th quarter. Envestnet Asset Management Inc. now owns 248,540 shares of the company's stock worth $10,570,000 after purchasing an additional 9,896 shares during the last quarter. Cerity Partners LLC raised its holdings in Janus Henderson Group by 127.4% in the 4th quarter. Cerity Partners LLC now owns 38,757 shares of the company's stock valued at $1,619,000 after acquiring an additional 21,713 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Janus Henderson Group in the 4th quarter valued at $3,198,000. Finally, Raymond James Financial Inc. acquired a new position in Janus Henderson Group in the 4th quarter valued at $726,000. 87.94% of the stock is currently owned by institutional investors.

Insider Activity

In other Janus Henderson Group news, insider Georgina Fogo sold 69,000 shares of the business's stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $43.07, for a total value of $2,971,830.00. Following the completion of the transaction, the insider owned 58,057 shares of the company's stock, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 19.60% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on JHG shares. 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. Cowen reiterated a "buy" rating on shares of Janus Henderson Group in a research note on Wednesday, May 14th. Wall Street Zen upgraded Janus Henderson Group from a "hold" rating to a "buy" rating in a research note on Saturday. Morgan Stanley lifted their price target on Janus Henderson Group from $33.00 to $36.00 and gave the company an "equal weight" rating in a research note on Wednesday, July 2nd. Finally, Evercore ISI lifted their price target 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. Five investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $43.33.

Janus Henderson Group Stock Up 0.3%

JHG traded up $0.1280 during midday trading on Tuesday, reaching $42.9480. 262,257 shares of the company were exchanged, compared to its average volume of 1,279,507. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.91 and a current ratio of 4.49. The company's fifty day moving average price is $40.63 and its 200 day moving average price is $38.37. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 16.15, a price-to-earnings-growth ratio of 1.04 and a beta of 1.46. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last released its earnings results on Thursday, July 31st. The company reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.06. The company 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 quarterly revenue was up 7.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.85 earnings per share. As a group, analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, August 28th. Shareholders 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 yield of 3.7%. Janus Henderson Group's dividend payout ratio is currently 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.