Abich Financial Wealth Management LLC Acquires 419 Shares of Janus Henderson Group plc (NYSE:JHG)

Abich Financial Wealth Management LLC grew its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 41.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,420 shares of the company’s stock after acquiring an additional 419 shares during the quarter. Abich Financial Wealth Management LLC’s holdings in Janus Henderson Group were worth $47,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Greenwood Capital Associates LLC lifted its stake in Janus Henderson Group by 0.8% in the 4th quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock valued at $1,376,000 after purchasing an additional 350 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Janus Henderson Group by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock worth $39,000 after acquiring an additional 369 shares during the last quarter. Retirement Systems of Alabama increased its stake in shares of Janus Henderson Group by 0.3% in the first quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock valued at $5,474,000 after buying an additional 439 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in shares of Janus Henderson Group by 10.2% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 5,316 shares of the company’s stock valued at $175,000 after acquiring an additional 490 shares during the last quarter. Finally, Hexagon Capital Partners LLC raised its position in Janus Henderson Group by 72.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after purchasing an additional 509 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

Insider Activity

In related news, major shareholder Henderson Group Plc Janus acquired 28,326 shares of the stock in a transaction dated Friday, July 5th. The stock was purchased at an average cost of $3.43 per share, with a total value of $97,158.18. Following the completion of the purchase, the insider now directly owns 1,676,903 shares in the company, valued at approximately $5,751,777.29. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders acquired 487,179 shares of company stock worth $1,650,371 over the last three months. 19.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. Morgan Stanley boosted their price target on shares of Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. UBS Group increased their price objective 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. JPMorgan Chase & Co. boosted their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday. Finally, StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.92.

Janus Henderson Group Stock Down 4.5 %

Shares of JHG traded down $1.71 during trading hours on Friday, hitting $35.89. The stock had a trading volume of 2,136,662 shares, compared to its average volume of 1,054,302. Janus Henderson Group plc has a 1-year low of $22.17 and a 1-year high of $39.11. The firm has a market capitalization of $5.76 billion, a P/E ratio of 13.54, a price-to-earnings-growth ratio of 0.86 and a beta of 1.51. The firm has a 50 day simple moving average of $34.43 and a 200-day simple moving average of $32.57. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.92 and a quick ratio of 2.64.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, August 1st. The company reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.74 by $0.11. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm had revenue of $588.40 million during the quarter, compared to analysts’ expectations of $568.79 million. During the same quarter last year, the firm posted $0.62 earnings per share. The company’s revenue for the quarter was up 13.9% compared to the same quarter last year. Sell-side analysts predict that Janus Henderson Group plc will post 3.1 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th will be paid a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.35%. The ex-dividend date is Monday, August 12th. Janus Henderson Group’s dividend payout ratio (DPR) is 58.87%.

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.