Freestone Grove Partners LP Invests $16.88 Million in Janus Henderson Group plc (NYSE:JHG)

Freestone Grove Partners LP bought a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 396,963 shares of the company's stock, valued at approximately $16,883,000. Freestone Grove Partners LP owned about 0.25% of Janus Henderson Group as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Barclays PLC raised its holdings in shares of Janus Henderson Group by 84.0% in the 3rd quarter. Barclays PLC now owns 96,217 shares of the company's stock valued at $3,663,000 after buying an additional 43,933 shares during the period. World Investment Advisors LLC acquired a new stake in shares of Janus Henderson Group during the third quarter worth about $253,000. Franklin Resources Inc. boosted its stake in shares of Janus Henderson Group by 11.7% in the third quarter. Franklin Resources Inc. now owns 478,249 shares of the company's stock valued at $19,106,000 after purchasing an additional 50,221 shares during the period. DGS Capital Management LLC boosted its stake in shares of Janus Henderson Group by 5.4% in the third quarter. DGS Capital Management LLC now owns 14,032 shares of the company's stock valued at $534,000 after purchasing an additional 713 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in shares of Janus Henderson Group by 28.9% in the third quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company's stock valued at $79,248,000 after purchasing an additional 467,049 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company's stock.

Janus Henderson Group Stock Performance

Shares of JHG traded down $0.40 during mid-day trading on Monday, reaching $35.23. 1,272,972 shares of the company's stock were exchanged, compared to its average volume of 1,107,827. The business's fifty day simple moving average is $35.03 and its 200-day simple moving average is $40.37. The stock has a market capitalization of $5.55 billion, a PE ratio of 13.76, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $46.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.08.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. The business had revenue of $621.40 million during the quarter, compared to the consensus estimate of $623.56 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. The business's quarterly revenue was up 12.6% compared to the same quarter last year. On average, equities research analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 12th will be paid a $0.40 dividend. This is an increase from Janus Henderson Group's previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Monday, May 12th. Janus Henderson Group's dividend payout ratio (DPR) is 63.49%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on JHG shares. Bank of America upgraded Janus Henderson Group from a "neutral" rating to a "buy" rating and decreased their price objective for the company from $57.00 to $43.00 in a research note on Thursday, April 3rd. UBS Group upgraded shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and boosted their price target for the stock from $45.00 to $50.00 in a report on Monday, February 24th. The Goldman Sachs Group cut their target price on Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating on the stock in a research report on Thursday, April 3rd. StockNews.com downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a report on Tuesday, March 25th. Finally, Evercore ISI raised their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the stock an "in-line" rating in a report on Friday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $44.44.

Janus Henderson Group 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.