Gabelli Funds LLC Boosts Stake in Janus Henderson Group plc $JHG

Gabelli Funds LLC increased its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 29.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 388,624 shares of the company’s stock after acquiring an additional 87,524 shares during the period. Gabelli Funds LLC’s holdings in Janus Henderson Group were worth $19,964,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of JHG. GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Janus Henderson Group in the 4th quarter valued at $6,726,000. CIBRA Capital Ltd acquired a new position in Janus Henderson Group during the fourth quarter worth $999,000. SG Americas Securities LLC raised its position in Janus Henderson Group by 926.6% during the fourth quarter. SG Americas Securities LLC now owns 290,756 shares of the company’s stock worth $13,831,000 after acquiring an additional 262,433 shares during the period. Chicago Capital Management LLC purchased a new position in Janus Henderson Group during the fourth quarter valued at $8,325,000. Finally, Advisors Preferred LLC purchased a new position in Janus Henderson Group during the fourth quarter valued at $2,436,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on JHG shares. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $49.40.

Janus Henderson Group Price Performance

JHG stock opened at $51.95 on Friday. Janus Henderson Group plc has a 1 year low of $38.67 and a 1 year high of $53.76. 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 firm has a market capitalization of $8.00 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 5.78 and a beta of 1.35. The business has a 50 day simple moving average of $51.87 and a 200-day simple moving average of $50.78.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Friday, May 8th. The company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). The company had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.79 EPS. Equities research analysts anticipate 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.