Park Avenue Securities LLC Buys 25,570 Shares of Janus Henderson Group plc $JHG

Park Avenue Securities LLC grew its position in shares of Janus Henderson Group plc (NYSE:JHG) by 101.0% in the 3rd quarter, Holdings Channel reports. The firm owned 50,890 shares of the company’s stock after acquiring an additional 25,570 shares during the quarter. Park Avenue Securities LLC’s holdings in Janus Henderson Group were worth $2,265,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Janus Henderson Group during the second quarter worth $86,180,000. AQR Capital Management LLC boosted its position in Janus Henderson Group by 92.1% during the second quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after acquiring an additional 1,773,964 shares during the last quarter. Jane Street Group LLC boosted its position in Janus Henderson Group by 1,924.0% during the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after acquiring an additional 265,550 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Janus Henderson Group by 16.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after acquiring an additional 186,218 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock worth $198,162,000 after acquiring an additional 155,947 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Janus Henderson Group Stock Down 0.3%

Shares of NYSE:JHG opened at $47.78 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.15 and a current ratio of 4.02. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $49.42. The business’s 50 day simple moving average is $45.08 and its two-hundred day simple moving average is $43.77. The firm has a market cap of $7.38 billion, a P/E ratio of 14.01, a PEG ratio of 0.75 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.The company had revenue of $700.40 million for the quarter, compared to analyst estimates of $695.57 million. During the same period in the prior year, the firm earned $0.91 earnings per share. Janus Henderson Group’s revenue for the quarter was up 12.1% on a year-over-year basis. As a group, research analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th were issued a dividend of $0.40 per share. The ex-dividend date was Monday, November 10th. This represents a $1.60 annualized dividend and a yield of 3.3%. Janus Henderson Group’s dividend payout ratio is presently 46.92%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Wall Street Zen raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Monday, December 22nd. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Bank of America reiterated a “neutral” rating and set a $49.00 target price (down previously from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $47.67.

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.