Nordea Investment Management AB Sells 25,375 Shares of Janus Henderson Group plc $JHG

Nordea Investment Management AB cut its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 10.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 215,939 shares of the company’s stock after selling 25,375 shares during the quarter. Nordea Investment Management AB’s holdings in Janus Henderson Group were worth $10,274,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in JHG. Bessemer Group Inc. increased its stake in Janus Henderson Group by 134.6% during the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the period. United Community Bank bought a new stake in shares of Janus Henderson Group during the 3rd quarter valued at $30,000. Quent Capital LLC acquired a new stake in Janus Henderson Group during the third quarter worth about $36,000. Addison Advisors LLC boosted its position in shares of Janus Henderson Group by 42.3% during the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 243 shares in the last quarter. Finally, Clearstead Advisors LLC increased its stake in shares of Janus Henderson Group by 170.4% in the 3rd quarter. Clearstead Advisors LLC now owns 1,144 shares of the company’s stock valued at $51,000 after purchasing an additional 721 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently issued reports on JHG. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. TD Cowen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Tuesday, December 23rd. Bank of America reissued a “neutral” rating and issued a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Finally, Morgan Stanley upped their price target on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insider Activity at Janus Henderson Group

In other news, CTO William B. Cassidy sold 16,947 shares of the firm’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $52.27, for a total transaction of $885,819.69. Following the transaction, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the sale, the chief executive officer owned 449,078 shares of the company’s stock, valued at $22,058,711.36. This represents a 22.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 146,229 shares of company stock valued at $7,239,650. Insiders own 19.60% of the company’s stock.

Janus Henderson Group Price Performance

JHG stock opened at $51.38 on Thursday. Janus Henderson Group plc has a 12 month low of $28.26 and a 12 month high of $53.76. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $7.92 billion, a P/E ratio of 9.77, a price-to-earnings-growth ratio of 1.49 and a beta of 1.53. The firm has a 50 day moving average of $49.61 and a 200-day moving average of $46.44.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm had revenue of $996.60 million for the quarter, compared to analysts’ expectations of $763.09 million. During the same quarter last year, the firm posted $1.07 EPS. The company’s revenue was up 61.3% compared to the same quarter last year. As a group, sell-side analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

About Janus Henderson Group

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.