Hennion & Walsh Asset Management Inc. Trims Position in Janus Henderson Group plc (NYSE:JHG)

Hennion & Walsh Asset Management Inc. cut its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 7.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 50,418 shares of the company’s stock after selling 3,806 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Janus Henderson Group were worth $1,700,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Norges Bank purchased a new stake in Janus Henderson Group in the fourth quarter worth $20,791,000. Dimensional Fund Advisors LP grew its stake in Janus Henderson Group by 6.0% in 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 during the period. Smith Group Asset Management LLC purchased a new stake in Janus Henderson Group in the first quarter worth $7,190,000. CHURCHILL MANAGEMENT Corp purchased a new stake in Janus Henderson Group in the first quarter worth $6,793,000. Finally, Jacobs Levy Equity Management Inc. grew its stake in Janus Henderson Group by 124.5% in the first quarter. Jacobs Levy Equity Management Inc. now owns 327,393 shares of the company’s stock worth $10,768,000 after purchasing an additional 181,587 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. increased their target price on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. TD Cowen increased their target price on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research note on Monday, July 8th. UBS Group increased their target price on Janus Henderson Group from $30.00 to $31.00 and gave the stock a “sell” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft increased their target price on Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research note on Thursday. Finally, StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $32.26.

Janus Henderson Group Stock Performance

JHG stock traded down $0.13 during trading on Monday, reaching $36.21. The stock had a trading volume of 534,239 shares, compared to its average volume of 1,073,832. Janus Henderson Group plc has a 52 week low of $22.17 and a 52 week high of $39.11. The stock’s 50 day moving average is $34.72 and its two-hundred day moving average is $32.98. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. The firm has a market cap of $5.77 billion, a PE ratio of 13.71, a PEG ratio of 0.70 and a beta of 1.51.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $568.79 million. During the same quarter last year, the company earned $0.62 earnings per share. The business’s revenue for the quarter was up 13.9% compared to the same quarter last year. As a group, equities analysts anticipate that Janus Henderson Group plc will post 3.23 earnings per share for the current year.

Janus Henderson Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Monday, August 12th. Janus Henderson Group’s dividend payout ratio (DPR) is currently 58.87%.

Insider Buying and Selling

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was purchased at an average price of $3.20 per share, for a total transaction of $607,539.20. Following the completion of the transaction, the insider now owns 2,081,168 shares of the company’s stock, valued at approximately $6,659,737.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last 90 days, insiders acquired 487,179 shares of company stock worth $1,650,371. 19.60% of the stock is owned by corporate insiders.

Janus Henderson Group 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.