Fisher Asset Management LLC Sells 108,442 Shares of Janus Henderson Group plc $JHG

Fisher Asset Management LLC lowered its stake in Janus Henderson Group plc (NYSE:JHG) by 6.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,698,712 shares of the company’s stock after selling 108,442 shares during the quarter. Fisher Asset Management LLC’s holdings in Janus Henderson Group were worth $80,808,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Allianz Asset Management GmbH raised its stake in Janus Henderson Group by 5.7% during the 3rd quarter. Allianz Asset Management GmbH now owns 1,767,657 shares of the company’s stock worth $78,678,000 after acquiring an additional 94,771 shares during the period. Millennium Management LLC boosted its position in shares of Janus Henderson Group by 20.3% in the third quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after purchasing an additional 1,154,481 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Janus Henderson Group by 28.7% in the third quarter. JPMorgan Chase & Co. now owns 754,201 shares of the company’s stock worth $33,569,000 after purchasing an additional 168,241 shares in the last quarter. Integrated Quantitative Investments LLC bought a new stake in shares of Janus Henderson Group during the 3rd quarter valued at $1,371,000. Finally, Envestnet Asset Management Inc. raised its position in shares of Janus Henderson Group by 67.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 403,045 shares of the company’s stock valued at $17,940,000 after purchasing an additional 162,920 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Trading Down 0.0%

Shares of JHG opened at $51.81 on Tuesday. The firm has a market cap of $7.98 billion, a P/E ratio of 10.20, a price-to-earnings-growth ratio of 5.76 and a beta of 1.37. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. Janus Henderson Group plc has a 1 year low of $35.56 and a 1 year high of $53.76. The company has a 50 day simple moving average of $51.49 and a two-hundred day simple moving average of $48.64.

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

Insiders Place Their Bets

In other news, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction dated 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 trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the sale, the chief technology officer directly owned 118,939 shares in the company, valued at $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 21.00% of the company’s stock.

Wall Street Analyst Weigh In

JHG has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $48.29.

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.