Norges Bank Makes New Investment in Janus Henderson Group plc $JHG

Norges Bank bought a new position in shares of Janus Henderson Group plc (NYSE:JHG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,218,834 shares of the company’s stock, valued at approximately $86,180,000. Norges Bank owned about 1.42% of Janus Henderson Group as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also made changes to their positions in the business. Brighton Jones LLC acquired a new position in shares of Janus Henderson Group during the second quarter valued at $685,000. Sierra Summit Advisors LLC bought a new position in shares of Janus Henderson Group in the 1st quarter valued at about $587,000. Jump Financial LLC bought a new position in shares of Janus Henderson Group in the 1st quarter valued at about $6,099,000. Vanguard Group Inc. grew its position 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 buying an additional 78,321 shares during the period. Finally, Voleon Capital Management LP acquired a new stake in shares of Janus Henderson Group during the 1st quarter worth approximately $395,000. 87.94% of the stock is owned by institutional investors.

Analysts Set New Price Targets

JHG has been the topic of a number of recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Janus Henderson Group in a research note on Monday. BMO Capital Markets began coverage on Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 price target on the stock. Morgan Stanley restated a “positive” rating on shares of Janus Henderson Group in a research report on Monday, October 6th. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Cowen reissued a “buy” rating on shares of Janus Henderson Group in a research note on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $48.11.

Insider Buying and Selling

In related news, CFO Roger Mj Thompson sold 27,491 shares of the company’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the transaction, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.60% of the company’s stock.

Janus Henderson Group Trading Up 0.7%

NYSE JHG opened at $44.33 on Friday. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $49.42. 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 $6.85 billion, a P/E ratio of 13.00, a P/E/G ratio of 0.82 and a beta of 1.57. The stock’s 50-day moving average is $43.54 and its 200-day moving average is $41.93.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.08. The business had revenue of $700.40 million during 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 quarterly revenue was up 12.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.91 EPS. Sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were issued 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, November 10th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 46.92%.

Janus Henderson Group Company 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.