Raymond James Financial Inc. Acquires Shares of 17,063 Janus Henderson Group plc (NYSE:JHG)

Raymond James Financial Inc. purchased a new stake in Janus Henderson Group plc (NYSE:JHG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 17,063 shares of the company's stock, valued at approximately $726,000.

A number of other institutional investors have also recently made changes to their positions in the stock. Richardson Financial Services Inc. lifted its stake in shares of Janus Henderson Group by 89.4% in the 4th 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. UMB Bank n.a. lifted its stake in shares of Janus Henderson Group by 56.5% in the 4th 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. Larson Financial Group LLC lifted its stake in shares of Janus Henderson Group by 33.9% in the 4th 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. EverSource Wealth Advisors LLC lifted its stake in shares of Janus Henderson Group by 48.7% in the 4th 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. Finally, Huntington National Bank lifted its stake in shares of Janus Henderson Group by 89.7% in the 4th quarter. Huntington National Bank now owns 2,312 shares of the company's stock valued at $98,000 after purchasing an additional 1,093 shares during the period. Institutional investors own 87.94% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on JHG. Morgan Stanley boosted their price objective on Janus Henderson Group from $32.00 to $33.00 and gave the company an "equal weight" rating in a research note on Tuesday, May 6th. JPMorgan Chase & Co. raised Janus Henderson Group from a "neutral" rating to an "overweight" rating and upped their price target for the stock from $44.00 to $53.00 in a research note on Wednesday, February 5th. Wells Fargo & Company dropped their price target on Janus Henderson Group from $46.00 to $36.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. UBS Group raised Janus Henderson Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $45.00 to $50.00 in a research note on Monday, February 24th. Finally, Bank of America raised Janus Henderson Group from a "neutral" rating to a "buy" rating and lowered their price objective for the stock from $57.00 to $43.00 in a research note on Thursday, April 3rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $42.78.

Janus Henderson Group Stock Performance

Janus Henderson Group stock traded up $2.32 during mid-day trading on Monday, reaching $38.28. 96,749 shares of the company's stock were exchanged, compared to its average volume of 1,113,373. The business's fifty day simple moving average is $34.48 and its 200 day simple moving average is $40.22. The firm has a market capitalization of $6.03 billion, a PE ratio of 14.94, a P/E/G ratio of 0.66 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. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.

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

Janus Henderson Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, May 29th. Investors of record on Monday, May 12th will be issued a dividend of $0.40 per share. This is a positive change from Janus Henderson Group's previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date is Monday, May 12th. Janus Henderson Group's dividend payout ratio (DPR) is 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.