SummitTX Capital L.P. Boosts Stake in Janus Henderson Group plc $JHG

SummitTX Capital L.P. grew its holdings in Janus Henderson Group plc (NYSE:JHG) by 224.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 59,483 shares of the company’s stock after purchasing an additional 41,148 shares during the period. SummitTX Capital L.P.’s holdings in Janus Henderson Group were worth $3,056,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Janus Henderson Group in the 4th quarter valued at about $25,000. Empowered Funds LLC acquired a new position in Janus Henderson Group in the fourth quarter valued at about $33,000. Larson Financial Group LLC boosted its stake in Janus Henderson Group by 108.0% during the fourth quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after buying an additional 406 shares during the period. Hantz Financial Services Inc. boosted its stake in Janus Henderson Group by 114.7% during the fourth quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock worth $40,000 after buying an additional 444 shares during the period. Finally, Rockefeller Capital Management L.P. increased its position in shares of Janus Henderson Group by 29.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock valued at $44,000 after acquiring an additional 215 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Price Performance

JHG stock opened at $51.95 on Wednesday. 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 company has a market capitalization of $8.00 billion, a PE ratio of 10.23, a P/E/G ratio of 5.78 and a beta of 1.35. Janus Henderson Group plc has a 12-month low of $38.67 and a 12-month high of $53.76. The business’s fifty day moving average price is $51.88 and its 200 day moving average price is $50.86.

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

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $49.40.

Janus Henderson Group Company 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.