Legal & General Group Plc Lowers Stock Holdings in Janus Henderson Group plc $JHG

Legal & General Group Plc reduced its stake in Janus Henderson Group plc (NYSE:JHG) by 25.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 214,442 shares of the company’s stock after selling 72,651 shares during the quarter. Legal & General Group Plc owned 0.14% of Janus Henderson Group worth $10,201,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Janus Henderson Group in the 4th quarter valued at approximately $25,000. Bessemer Group Inc. grew its stake in shares of Janus Henderson Group by 134.6% in the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after purchasing an additional 342 shares during the last quarter. Larson Financial Group LLC grew its stake in shares of Janus Henderson Group by 108.0% in the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock valued at $37,000 after purchasing an additional 406 shares during the last quarter. Addison Advisors LLC grew its stake in shares of Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its stake in shares of Janus Henderson Group by 114.7% in the 4th quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock valued at $40,000 after purchasing an additional 444 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHG has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $48.29.

Insider Transactions at Janus Henderson Group

In related news, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the transaction, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 21.00% of the company’s stock.

Janus Henderson Group Stock Up 0.0%

JHG opened at $51.78 on Friday. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. The business has a 50 day simple moving average of $51.61 and a 200-day simple moving average of $49.09. The stock has a market capitalization of $7.98 billion, a P/E ratio of 10.19, a P/E/G ratio of 5.76 and a beta of 1.35. Janus Henderson Group plc has a 12 month low of $35.76 and a 12 month high of $53.76.

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

Janus Henderson Group Profile

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.