United Services Automobile Association Invests $300,000 in Janus Henderson Group plc $JHG

United Services Automobile Association purchased a new position in shares of Janus Henderson Group plc (NYSE:JHG) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 8,339 shares of the company’s stock, valued at approximately $300,000.

Several other large investors also recently modified their holdings of the stock. Vanguard Group Inc. increased its stake in shares of Janus Henderson Group by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 14,227,134 shares of the company’s stock worth $514,311,000 after purchasing an additional 78,321 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Janus Henderson Group by 7.7% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,946,058 shares of the company’s stock worth $178,800,000 after purchasing an additional 352,617 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Janus Henderson Group by 8.8% during the 1st quarter. AQR Capital Management LLC now owns 1,926,206 shares of the company’s stock worth $68,400,000 after purchasing an additional 155,059 shares during the last quarter. Clark Capital Management Group Inc. increased its stake in shares of Janus Henderson Group by 2.0% during the 1st quarter. Clark Capital Management Group Inc. now owns 1,445,920 shares of the company’s stock worth $52,270,000 after purchasing an additional 28,117 shares during the last quarter. Finally, Invesco Ltd. increased its stake in shares of Janus Henderson Group by 15.5% during the 1st quarter. Invesco Ltd. now owns 1,354,770 shares of the company’s stock worth $48,975,000 after purchasing an additional 182,014 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on JHG. Morgan Stanley raised their price target on shares of Janus Henderson Group from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Wednesday, July 2nd. Wall Street Zen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Saturday, August 30th. Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, July 11th. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, September 8th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research note on Wednesday, July 16th. Five equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and a consensus target price of $44.78.

Janus Henderson Group Stock Down 1.0%

JHG opened at $44.93 on Friday. The company has a fifty day moving average price of $43.05 and a 200-day moving average price of $38.49. The firm has a market capitalization of $7.01 billion, a P/E ratio of 16.89, a price-to-earnings-growth ratio of 1.09 and a beta of 1.51. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $46.68.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, July 31st. The company reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.06. The firm had revenue of $633.20 million during the quarter, compared to analyst estimates of $614.46 million. Janus Henderson Group had a net margin of 16.06% and a return on equity of 12.01%. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. Equities research analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, August 28th. Stockholders of record on Monday, August 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date was Monday, August 11th. Janus Henderson Group’s payout ratio is 60.15%.

Insider Activity at Janus Henderson Group

In other news, insider Georgina Fogo sold 69,000 shares of the business’s stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. The trade was a 54.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 19.60% of the stock is owned by company insiders.

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.