Gabelli Funds LLC reduced its stake in Janus Henderson Group PLC (NYSE:JHG) by 40.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 315,000 shares of the company’s stock after selling 218,000 shares during the period. Gabelli Funds LLC owned 0.16% of Janus Henderson Group worth $6,741,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Greenleaf Trust acquired a new stake in shares of Janus Henderson Group in the 1st quarter valued at $204,000. Commerce Bank bought a new stake in Janus Henderson Group in the first quarter valued at about $212,000. Allstate Corp bought a new stake in Janus Henderson Group in the first quarter valued at about $217,000. World Asset Management Inc bought a new stake in Janus Henderson Group in the second quarter valued at about $221,000. Finally, Parametrica Management Ltd bought a new stake in Janus Henderson Group in the first quarter valued at about $222,000. 68.53% of the stock is currently owned by institutional investors.
Shares of NYSE:JHG opened at $21.81 on Friday. The stock has a market capitalization of $4.22 billion, a PE ratio of 7.96, a PEG ratio of 1.57 and a beta of 1.20. The company has a current ratio of 2.93, a quick ratio of 2.05 and a debt-to-equity ratio of 0.07. The firm has a 50 day moving average of $19.59 and a 200-day moving average of $22.25. Janus Henderson Group PLC has a 12 month low of $17.68 and a 12 month high of $28.48.
Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Wednesday, July 31st. The company reported $0.61 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.05). The company had revenue of $525.90 million for the quarter, compared to the consensus estimate of $539.37 million. Janus Henderson Group had a net margin of 19.32% and a return on equity of 9.97%. The company’s revenue for the quarter was down 11.2% compared to the same quarter last year. During the same period last year, the firm posted $0.74 earnings per share. On average, research analysts predict that Janus Henderson Group PLC will post 2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.60%. Janus Henderson Group’s dividend payout ratio (DPR) is currently 52.55%.
Several analysts have recently commented on the stock. Zacks Investment Research cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Citigroup cut their price objective on shares of Janus Henderson Group from $25.50 to $23.55 and set a “neutral” rating on the stock in a report on Tuesday, July 9th. Gabelli reiterated a “hold” rating on shares of Janus Henderson Group in a report on Thursday, August 1st. Finally, Jefferies Financial Group lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.56 to $35.11 in a report on Monday, July 22nd. Three investment analysts have rated the stock with a sell rating and seven have given a hold rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $26.41.
About Janus Henderson Group
Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.
Further Reading: Quiet Period
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