Louisiana State Employees Retirement System Purchases New Stake in Janus Henderson Group plc $JHG

Louisiana State Employees Retirement System purchased a new stake in shares of Janus Henderson Group plc (NYSE:JHG) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 35,700 shares of the company’s stock, valued at approximately $1,834,000.

Other institutional investors also recently bought and sold shares of the company. Royal Bank of Canada raised its stake in shares of Janus Henderson Group by 38.3% in the 1st quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock valued at $4,163,000 after acquiring an additional 31,889 shares during the period. Amundi boosted its position in Janus Henderson Group by 13.8% during the 1st quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after purchasing an additional 506 shares during the period. Jones Financial Companies Lllp increased its holdings in Janus Henderson Group by 1,538.8% in the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after purchasing an additional 8,294 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Janus Henderson Group by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock valued at $46,992,000 after purchasing an additional 186,218 shares in the last quarter. Finally, Jane Street Group LLC raised its position in Janus Henderson Group by 1,924.0% in the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after purchasing an additional 265,550 shares during the period. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the company. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $48.29.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $51.97 on Wednesday. The stock has a market cap of $8.01 billion, a P/E ratio of 10.23, a price-to-earnings-growth ratio of 5.78 and a beta of 1.35. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07. The stock has a 50 day moving average of $51.75 and a 200-day moving average of $50.15. Janus Henderson Group plc has a 52 week low of $38.67 and a 52 week high of $53.76.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). The company had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The firm’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.79 EPS. On average, analysts expect that Janus Henderson Group plc will post 4.39 EPS 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.