Cresset Asset Management LLC Raises Stock Holdings in Janus Henderson Group plc $JHG

Cresset Asset Management LLC boosted its stake in Janus Henderson Group plc (NYSE:JHG) by 316.8% during the second quarter, HoldingsChannel reports. The firm owned 63,262 shares of the company’s stock after buying an additional 48,084 shares during the period. Cresset Asset Management LLC’s holdings in Janus Henderson Group were worth $2,457,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. LPL Financial LLC increased its holdings in shares of Janus Henderson Group by 9.8% in the 1st quarter. LPL Financial LLC now owns 183,044 shares of the company’s stock worth $6,617,000 after buying an additional 16,296 shares during the last quarter. US Bancorp DE grew its position in Janus Henderson Group by 5.7% in the first quarter. US Bancorp DE now owns 11,626 shares of the company’s stock worth $420,000 after acquiring an additional 623 shares in the last quarter. Vanguard Group Inc. grew its position in Janus Henderson Group by 0.6% in the first quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company’s stock worth $514,311,000 after acquiring an additional 78,321 shares in the last quarter. Deutsche Bank AG increased its stake in Janus Henderson Group by 148.3% in the first quarter. Deutsche Bank AG now owns 352,971 shares of the company’s stock valued at $12,760,000 after acquiring an additional 210,826 shares during the last quarter. Finally, Townsquare Capital LLC raised its position in Janus Henderson Group by 59.9% during the first quarter. Townsquare Capital LLC now owns 9,774 shares of the company’s stock valued at $353,000 after purchasing an additional 3,660 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on JHG shares. Morgan Stanley reiterated a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Bank of America boosted their target price on Janus Henderson Group from $49.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, October 2nd. Wall Street Zen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, November 28th. Evercore ISI reissued a “positive” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. Finally, Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. 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, Janus Henderson Group presently has an average rating of “Buy” and an average price target of $48.11.

Insider Transactions at Janus Henderson Group

In related news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction dated Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the transaction, the chief financial officer owned 113,097 shares in the company, valued at $5,118,770.22. The trade was a 19.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 20.40% of the stock is currently owned by corporate insiders.

Janus Henderson Group Stock Down 0.4%

Shares of Janus Henderson Group stock opened at $44.54 on Tuesday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $49.42. The company’s 50 day moving average price is $43.53 and its 200-day moving average price is $42.09. The stock has a market capitalization of $6.88 billion, a price-to-earnings ratio of 13.06, a P/E/G ratio of 0.83 and a beta of 1.57.

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

Janus Henderson Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, November 10th. This represents a $1.60 annualized dividend and a dividend yield of 3.6%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 46.92%.

About Janus Henderson Group

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.