Mirae Asset Global Investments Co. Ltd. Lowers Holdings in Janus Henderson Group plc $JHG

Mirae Asset Global Investments Co. Ltd. reduced its position in shares of Janus Henderson Group plc (NYSE:JHG) by 33.0% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 116,375 shares of the company’s stock after selling 57,321 shares during the quarter. Mirae Asset Global Investments Co. Ltd. owned about 0.07% of Janus Henderson Group worth $5,180,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Quent Capital LLC bought a new position in shares of Janus Henderson Group during the 3rd quarter worth $36,000. Traub Capital Management LLC purchased a new stake in Janus Henderson Group in the second quarter worth about $37,000. True Wealth Design LLC grew its holdings in Janus Henderson Group by 1,019.4% during the 3rd quarter. True Wealth Design LLC now owns 1,556 shares of the company’s stock worth $69,000 after acquiring an additional 1,417 shares in the last quarter. Richardson Financial Services Inc. grew its holdings in Janus Henderson Group by 237.8% during the 3rd quarter. Richardson Financial Services Inc. now owns 1,598 shares of the company’s stock worth $71,000 after acquiring an additional 1,125 shares in the last quarter. Finally, Allworth Financial LP increased its position in Janus Henderson Group by 52.8% during the 2nd quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock valued at $87,000 after purchasing an additional 772 shares during the period. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $48.16 on Monday. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $49.42. The business’s fifty day simple moving average is $46.50 and its 200-day simple moving average is $44.63. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.44 billion, a PE ratio of 9.16, a PEG ratio of 0.79 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. The company had revenue of $996.60 million during the quarter, compared to analysts’ expectations of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. Janus Henderson Group’s revenue for the quarter was up 61.3% on a year-over-year basis. During the same period last year, the business earned $1.07 EPS. Analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on JHG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Zacks Research lowered Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley increased their target price on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 17th. Evercore ISI cut their price target on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Finally, TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $47.67.

Janus Henderson Group Profile

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.