QRG Capital Management Inc. Boosts Stock Position in Janus Henderson Group plc $JHG

QRG Capital Management Inc. grew its position in Janus Henderson Group plc (NYSE:JHG) by 80.9% during the first quarter, Holdings Channel reports. The firm owned 53,400 shares of the company’s stock after acquiring an additional 23,889 shares during the period. QRG Capital Management Inc.’s holdings in Janus Henderson Group were worth $2,743,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC acquired a new stake in shares of Janus Henderson Group during the fourth quarter worth about $25,000. Empowered Funds LLC acquired a new position in Janus Henderson Group in the 4th quarter worth approximately $33,000. Larson Financial Group LLC increased its holdings in Janus Henderson Group by 108.0% in the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after buying an additional 406 shares during the period. Hantz Financial Services Inc. raised its position in Janus Henderson Group by 114.7% during the 4th quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock worth $40,000 after buying an additional 444 shares during the last quarter. Finally, Rockefeller Capital Management L.P. raised its position in Janus Henderson Group by 29.9% during the 4th quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after buying an additional 215 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently commented on JHG shares. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and an average price target of $48.29.

Janus Henderson Group Stock Performance

Shares of JHG remained flat at $51.95 during mid-day trading on Tuesday. Janus Henderson Group plc has a 52-week low of $38.67 and a 52-week high of $53.76. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $8.00 billion, a PE ratio of 10.23, a P/E/G ratio of 5.78 and a beta of 1.35. The stock’s 50-day moving average price is $51.79 and its 200 day moving average price is $50.34.

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). Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The company had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. During the same quarter in the prior year, the business posted $0.79 earnings per share. The firm’s revenue was up 11.0% compared to the same quarter last year. As a group, equities research analysts predict that Janus Henderson Group plc will post 4.39 earnings per share for the current fiscal year.

Janus Henderson Group Company 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.