Janus Henderson Group plc (NYSE:JHG) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC trimmed its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,560 shares of the company's stock after selling 38,807 shares during the quarter. Cresset Asset Management LLC's holdings in Janus Henderson Group were worth $747,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. UMB Bank n.a. grew its position in shares of Janus Henderson Group by 56.5% in the fourth quarter. UMB Bank n.a. now owns 787 shares of the company's stock valued at $33,000 after purchasing an additional 284 shares during the period. Richardson Financial Services Inc. grew its position in shares of Janus Henderson Group by 89.4% in the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company's stock valued at $33,000 after purchasing an additional 363 shares during the period. Larson Financial Group LLC grew its position in shares of Janus Henderson Group by 33.9% in the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company's stock valued at $48,000 after purchasing an additional 288 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, EverSource Wealth Advisors LLC grew its position in shares of Janus Henderson Group by 48.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the company's stock valued at $80,000 after purchasing an additional 613 shares during the period. 87.94% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently commented on JHG. Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and lowered their price objective for the company from $57.00 to $43.00 in a research report on Thursday, April 3rd. Evercore ISI lifted their price objective on Janus Henderson Group from $33.00 to $35.00 and gave the company an "in-line" rating in a research report on Friday, May 2nd. StockNews.com downgraded Janus Henderson Group from a "buy" rating to a "hold" rating in a research report on Tuesday, March 25th. Morgan Stanley boosted their price target on Janus Henderson Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research report on Tuesday, May 6th. Finally, JPMorgan Chase & Co. raised Janus Henderson Group from a "neutral" rating to an "overweight" rating and boosted their price target for the company from $44.00 to $53.00 in a research report on Wednesday, February 5th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of "Hold" and an average target price of $42.78.

Janus Henderson Group Price Performance

JHG stock opened at $38.28 on Wednesday. The stock has a 50-day moving average price of $34.45 and a two-hundred day moving average price of $40.19. The company has a market cap of $6.03 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $46.68. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping analysts' consensus estimates of $0.72 by $0.07. The company had revenue of $621.40 million for the quarter, compared to analysts' expectations of $623.56 million. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The firm's quarterly revenue was up 12.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.71 earnings per share. As a group, research analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 12th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.18%. The ex-dividend date is Monday, May 12th. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. Janus Henderson Group's payout ratio is currently 63.49%.

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.

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