Arizona State Retirement System reduced its holdings in shares of Janus Henderson Group PLC (NYSE:JHG) by 4.6% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 119,530 shares of the company’s stock after selling 5,699 shares during the quarter. Arizona State Retirement System owned approximately 0.06% of Janus Henderson Group worth $3,223,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new position in shares of Janus Henderson Group during the 2nd quarter worth approximately $113,000. NumerixS Investment Technologies Inc bought a new stake in Janus Henderson Group in the 2nd quarter valued at $128,000. Itau Unibanco Holding S.A. bought a new stake in Janus Henderson Group in the 2nd quarter valued at $148,000. Gideon Capital Advisors Inc. bought a new stake in Janus Henderson Group in the 2nd quarter valued at $262,000. Finally, Bank of Montreal Can bought a new stake in Janus Henderson Group in the 2nd quarter valued at $297,000. Institutional investors own 53.50% of the company’s stock.
JHG has been the subject of several recent research reports. ValuEngine downgraded Janus Henderson Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. TheStreet downgraded Janus Henderson Group from a “c-” rating to a “d+” rating in a research note on Tuesday, October 2nd. Credit Suisse Group restated an “underperform” rating and issued a $29.00 price target on shares of Janus Henderson Group in a research note on Friday, August 24th. Zacks Investment Research downgraded Janus Henderson Group from a “hold” rating to a “sell” rating in a research note on Thursday, September 13th. Finally, Deutsche Bank downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $35.00 to $31.00 in a research note on Wednesday, August 1st. Three analysts have rated the stock with a sell rating and five have given a hold rating to the company’s stock. Janus Henderson Group currently has an average rating of “Hold” and a consensus target price of $33.56.
NYSE:JHG opened at $23.38 on Friday. The firm has a market cap of $4.82 billion, a PE ratio of 9.43, a P/E/G ratio of 0.85 and a beta of 1.29. The company has a quick ratio of 2.00, a current ratio of 2.89 and a debt-to-equity ratio of 0.07. Janus Henderson Group PLC has a fifty-two week low of $22.86 and a fifty-two week high of $41.64.
Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, November 1st. The company reported $0.69 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.69. The firm had revenue of $581.20 million during the quarter, compared to the consensus estimate of $586.45 million. Janus Henderson Group had a return on equity of 11.67% and a net margin of 37.59%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.56 EPS. On average, research analysts expect that Janus Henderson Group PLC will post 2.86 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Monday, November 12th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, November 8th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 6.16%. Janus Henderson Group’s payout ratio is 58.06%.
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.
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