Gabelli Funds LLC Trims Position in Janus Henderson Group plc (NYSE:JHG)

Gabelli Funds LLC reduced its position in shares of Janus Henderson Group plc (NYSE:JHG) by 3.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 119,100 shares of the company’s stock after selling 3,650 shares during the period. Gabelli Funds LLC owned approximately 0.07% of Janus Henderson Group worth $3,917,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in JHG. Silchester International Investors LLP raised its holdings in Janus Henderson Group by 6.5% during the fourth quarter. Silchester International Investors LLP now owns 14,888,669 shares of the company’s stock worth $448,893,000 after purchasing an additional 914,200 shares in the last quarter. Norges Bank purchased a new position in Janus Henderson Group during the fourth quarter worth about $20,791,000. Dimensional Fund Advisors LP raised its holdings in Janus Henderson Group by 6.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 7,444,113 shares of the company’s stock worth $224,442,000 after purchasing an additional 419,392 shares in the last quarter. Smith Group Asset Management LLC purchased a new position in Janus Henderson Group during the first quarter worth about $7,190,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new position in Janus Henderson Group during the first quarter worth about $6,793,000. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Price Performance

Shares of JHG stock traded up $0.29 during trading hours on Friday, hitting $36.55. The company’s stock had a trading volume of 1,042,871 shares, compared to its average volume of 919,122. The business has a fifty day moving average of $34.17 and a 200-day moving average of $32.28. The stock has a market cap of $5.86 billion, a price-to-earnings ratio of 13.80, a P/E/G ratio of 0.83 and a beta of 1.51. Janus Henderson Group plc has a twelve month low of $22.17 and a twelve month high of $36.67. The company has a current ratio of 3.92, a quick ratio of 2.64 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 EPS for the quarter, beating the consensus estimate of $0.63 by $0.08. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The business had revenue of $551.70 million for the quarter, compared to analyst estimates of $547.20 million. During the same period in the prior year, the business earned $0.55 earnings per share. The company’s quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Janus Henderson Group plc will post 3.1 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 13th were given a dividend of $0.39 per share. The ex-dividend date was Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a yield of 4.27%. Janus Henderson Group’s dividend payout ratio (DPR) is currently 58.87%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on JHG shares. StockNews.com lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, May 3rd. The Goldman Sachs Group upped their target price on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. upped their target price on shares of Janus Henderson Group from $36.00 to $38.00 and gave the stock a “neutral” rating in a research report on Monday, July 15th. TD Cowen upped their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Finally, UBS Group upped their target price on shares of Janus Henderson Group from $30.00 to $31.00 and gave the stock a “sell” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average target price of $30.81.

Insider Buying and Selling

In other news, major shareholder Henderson Group Plc Janus bought 166,042 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average price of $3.55 per share, for a total transaction of $589,449.10. Following the completion of the transaction, the insider now owns 1,648,577 shares in the company, valued at $5,852,448.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last 90 days, insiders have bought 487,179 shares of company stock worth $1,650,371. 19.60% of the stock is owned by insiders.

Janus Henderson Group Company Profile

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.