Arrowstreet Capital Limited Partnership Sells 137,561 Shares of Janus Henderson Group plc $JHG

Arrowstreet Capital Limited Partnership cut its stake in Janus Henderson Group plc (NYSE:JHG) by 25.9% in the second quarter, HoldingsChannel reports. The fund owned 393,985 shares of the company’s stock after selling 137,561 shares during the period. Arrowstreet Capital Limited Partnership’s holdings in Janus Henderson Group were worth $15,302,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the stock. Brooklyn Investment Group grew its position in shares of Janus Henderson Group by 182.2% during the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock worth $33,000 after buying an additional 594 shares during the period. Traub Capital Management LLC bought a new position in Janus Henderson Group during the 2nd quarter worth approximately $37,000. Fifth Third Bancorp grew its holdings in Janus Henderson Group by 40.2% during the second quarter. Fifth Third Bancorp now owns 2,167 shares of the company’s stock valued at $84,000 after purchasing an additional 621 shares during the period. UMB Bank n.a. increased its stake in Janus Henderson Group by 86.3% in the second quarter. UMB Bank n.a. now owns 2,183 shares of the company’s stock valued at $85,000 after purchasing an additional 1,011 shares in the last quarter. Finally, Allworth Financial LP raised its holdings in Janus Henderson Group by 52.8% in the second quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock worth $87,000 after purchasing an additional 772 shares during the period. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $44.54 on Tuesday. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.02 and a quick ratio of 2.15. The firm has a market cap of $6.88 billion, a price-to-earnings ratio of 13.06, a price-to-earnings-growth ratio of 0.83 and a beta of 1.57. The stock’s 50-day moving average is $43.53 and its 200-day moving average is $42.09. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $49.42.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.01 by $0.08. The business had revenue of $700.40 million for the quarter, compared to analyst estimates of $695.57 million. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.Janus Henderson Group’s revenue for the quarter was up 12.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.91 EPS. Equities analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date of this dividend was Monday, November 10th. Janus Henderson Group’s payout ratio is currently 46.92%.

Insider Buying and Selling

In related news, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the transaction, the chief financial officer owned 113,097 shares in the company, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 20.40% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JHG. Cowen reissued a “buy” rating on shares of Janus Henderson Group in a report on Friday, October 31st. Wall Street Zen lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, November 28th. TD Cowen boosted their target price on Janus Henderson Group from $52.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, October 31st. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, Morgan Stanley reiterated a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Buy” and a consensus target price of $48.11.

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.