Gabelli Funds LLC Acquires 87,524 Shares of Janus Henderson Group plc $JHG

Gabelli Funds LLC lifted its holdings in Janus Henderson Group plc (NYSE:JHG) by 29.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 388,624 shares of the company’s stock after purchasing an additional 87,524 shares during the period. Gabelli Funds LLC owned about 0.25% of Janus Henderson Group worth $19,964,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Norges Bank bought a new stake in Janus Henderson Group during the 4th quarter valued at $117,881,000. AQR Capital Management LLC increased its holdings in shares of Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after acquiring an additional 1,773,964 shares during the period. Hudson Bay Capital Management LP bought a new position in shares of Janus Henderson Group in the 4th quarter worth $79,861,000. Soros Fund Management LLC bought a new position in shares of Janus Henderson Group in the 4th quarter worth $47,427,000. Finally, Quinn Opportunity Partners LLC purchased a new stake in shares of Janus Henderson Group during the 4th quarter worth $46,904,000. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Price Performance

NYSE:JHG opened at $51.95 on Friday. Janus Henderson Group plc has a one year low of $38.67 and a one year high of $53.76. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.51 and a current ratio of 3.89. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 5.78 and a beta of 1.35. The firm’s fifty day moving average is $51.87 and its two-hundred day moving average is $50.78.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.08). The company had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.Janus Henderson Group’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. Research analysts expect that Janus Henderson Group plc will post 4.39 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Janus Henderson Group currently has an average rating of “Hold” and a consensus target price of $49.40.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.