Arizona State Retirement System Decreases Stock Position in Janus Henderson Group plc (NYSE:JHG)

Arizona State Retirement System reduced its position in Janus Henderson Group plc (NYSE:JHG) by 1.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 37,048 shares of the company’s stock after selling 686 shares during the period. Arizona State Retirement System’s holdings in Janus Henderson Group were worth $1,117,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new stake in Janus Henderson Group during the 2nd quarter valued at $30,000. Advisory Services Network LLC raised its stake in Janus Henderson Group by 486.3% during the 1st quarter. Advisory Services Network LLC now owns 1,495 shares of the company’s stock valued at $40,000 after buying an additional 1,240 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Janus Henderson Group during the 3rd quarter valued at $39,000. Dark Forest Capital Management LP purchased a new stake in Janus Henderson Group during the 1st quarter valued at $47,000. Finally, NewEdge Advisors LLC raised its stake in Janus Henderson Group by 19,944.4% during the 1st quarter. NewEdge Advisors LLC now owns 1,804 shares of the company’s stock valued at $48,000 after buying an additional 1,795 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Down 1.7 %

Shares of JHG stock opened at $31.20 on Tuesday. The stock has a market cap of $5.03 billion, a P/E ratio of 13.16, a PEG ratio of 1.55 and a beta of 1.52. Janus Henderson Group plc has a 52 week low of $22.17 and a 52 week high of $33.25. The company has a quick ratio of 2.76, a current ratio of 3.89 and a debt-to-equity ratio of 0.07. The company’s fifty day simple moving average is $31.61 and its two-hundred day simple moving average is $28.53.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.56 by $0.26. The business had revenue of $568.50 million for the quarter, compared to analysts’ expectations of $520.26 million. Janus Henderson Group had a net margin of 18.39% and a return on equity of 9.46%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Analysts predict that Janus Henderson Group plc will post 2.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Monday, February 12th were paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 5.00%. The ex-dividend date was Friday, February 9th. Janus Henderson Group’s payout ratio is currently 49.37%.

Insiders Place Their Bets

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the sale, the chief accounting officer now owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CAO Brennan A. Hughes sold 1,812 shares of the company’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total transaction of $58,473.24. Following the sale, the chief accounting officer now directly owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 30,656 shares of the company’s stock in a transaction dated Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total transaction of $948,190.08. Following the sale, the chief financial officer now owns 126,439 shares in the company, valued at $3,910,758.27. The disclosure for this sale can be found here. Insiders have sold a total of 70,133 shares of company stock worth $2,172,459 in the last 90 days. 19.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

JHG has been the subject of a number of research reports. TD Cowen initiated coverage on shares of Janus Henderson Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $30.00 target price for the company. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $27.00 to $28.00 and gave the company an “equal weight” rating in a research report on Friday, January 19th. UBS Group boosted their price objective on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a research report on Friday. StockNews.com raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. raised shares of Janus Henderson Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $28.00 to $31.00 in a research report on Friday, February 2nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $27.93.

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.