Millennium Management LLC Buys 1,399,781 Shares of Janus Henderson Group plc (NYSE:JHG)

Millennium Management LLC raised its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 23.9% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,247,633 shares of the company's stock after acquiring an additional 1,399,781 shares during the period. Millennium Management LLC owned approximately 4.56% of Janus Henderson Group worth $308,242,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. KBC Group NV lifted its stake in shares of Janus Henderson Group by 63.6% in the fourth quarter. KBC Group NV now owns 4,546 shares of the company's stock valued at $193,000 after buying an additional 1,768 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Janus Henderson Group by 17.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 92,218 shares of the company's stock worth $3,977,000 after purchasing an additional 13,942 shares in the last quarter. Merit Financial Group LLC acquired a new position in Janus Henderson Group in the fourth quarter worth about $413,000. Delphi Management Inc. MA acquired a new position in Janus Henderson Group in the fourth quarter worth about $1,419,000. Finally, Bank of New York Mellon Corp raised its position in Janus Henderson Group by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,064,556 shares of the company's stock worth $45,276,000 after purchasing an additional 32,346 shares in the last quarter. Institutional investors own 87.94% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Bank of America raised shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and dropped their price target for the stock from $57.00 to $43.00 in a research report on Thursday, April 3rd. The Goldman Sachs Group dropped their price target on shares of Janus Henderson Group from $47.00 to $41.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $44.00 to $53.00 in a research report on Wednesday, February 5th. UBS Group raised shares of Janus Henderson Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $45.00 to $50.00 in a report on Monday, February 24th. Finally, Wells Fargo & Company dropped their price objective on shares of Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $42.78.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock traded up $0.32 during midday trading on Friday, reaching $38.72. The company had a trading volume of 1,622,923 shares, compared to its average volume of 1,124,921. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $6.10 billion, a price-to-earnings ratio of 15.12, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The stock has a fifty day simple moving average of $34.53 and a 200 day simple moving average of $40.14. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68.

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

Janus Henderson Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 12th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.13%. This is a boost from Janus Henderson Group's previous quarterly dividend of $0.39. The ex-dividend date is Monday, May 12th. Janus Henderson Group's dividend payout ratio (DPR) 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.