Clark Capital Management Group Inc. Boosts Stake in Janus Henderson Group plc $JHG

Clark Capital Management Group Inc. lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 101.2% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,829,676 shares of the company’s stock after acquiring an additional 920,477 shares during the period. Clark Capital Management Group Inc.’s holdings in Janus Henderson Group were worth $81,439,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Bessemer Group Inc. increased its stake in Janus Henderson Group by 134.6% in the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after acquiring an additional 342 shares during the last quarter. United Community Bank purchased a new stake in Janus Henderson Group during the third quarter valued at about $30,000. Quent Capital LLC bought a new stake in Janus Henderson Group during the third quarter worth about $36,000. Addison Advisors LLC boosted its holdings in shares of Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after purchasing an additional 243 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new position in shares of Janus Henderson Group in the 2nd quarter worth about $37,000. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. TD Cowen lowered Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a research report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Bank of America reiterated a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Morgan Stanley lifted their price target on shares of 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. Finally, Zacks Research upgraded shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $47.38.

Insider Buying and Selling at Janus Henderson Group

In other news, CTO William B. Cassidy sold 16,947 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This represents a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the transaction, the insider owned 12,204 shares in the company, valued at $625,332.96. This represents a 11.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 146,229 shares of company stock worth $7,239,650. 19.60% of the stock is currently owned by insiders.

Janus Henderson Group Stock Down 0.4%

JHG opened at $50.18 on Friday. The company has a market cap of $7.73 billion, a P/E ratio of 9.54, a P/E/G ratio of 1.43 and a beta of 1.53. The business’s 50-day moving average price is $49.10 and its 200-day moving average price is $46.07. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. Janus Henderson Group plc has a 12 month low of $28.26 and a 12 month high of $53.76.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $996.60 million during the quarter, compared to analyst estimates of $763.09 million. During the same quarter in the previous year, the company posted $1.07 EPS. Janus Henderson Group’s revenue for the quarter was up 61.3% on a year-over-year basis. On average, equities analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current 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.