Vanguard Group Inc. Cuts Stock Holdings in Janus Henderson Group plc $JHG

Vanguard Group Inc. lessened its holdings in Janus Henderson Group plc (NYSE:JHG) by 1.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,819,977 shares of the company’s stock after selling 234,414 shares during the quarter. Vanguard Group Inc. owned 8.95% of Janus Henderson Group worth $615,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of JHG. Bessemer Group Inc. grew its holdings in Janus Henderson Group by 134.6% during the third 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 acquired a new position in Janus Henderson Group during the third quarter worth about $30,000. Quent Capital LLC purchased a new position in Janus Henderson Group in the third quarter valued at about $36,000. Addison Advisors LLC lifted 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 valued at $36,000 after acquiring an additional 243 shares during the period. Finally, Traub Capital Management LLC purchased a new stake in shares of Janus Henderson Group during the 2nd quarter worth approximately $37,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JHG. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research note on Tuesday, December 23rd. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Evercore dropped their price target on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research report on Monday, December 22nd. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Finally, Bank of America restated a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Insider Buying and Selling

In other news, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction dated 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 completion of the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 20.40% of the stock is owned by company insiders.

Janus Henderson Group Stock Performance

Shares of JHG opened at $49.68 on Wednesday. Janus Henderson Group plc has a 1 year low of $28.26 and a 1 year high of $50.23. The company’s 50 day simple moving average is $48.02 and its 200 day simple moving average is $45.36. The company has a market capitalization of $7.67 billion, a price-to-earnings ratio of 9.44, a PEG ratio of 1.42 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02.

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

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.