Principal Financial Group Inc. Lowers Holdings in Janus Henderson Group plc $JHG

Principal Financial Group Inc. lowered its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 13.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,460,167 shares of the company’s stock after selling 222,163 shares during the quarter. Principal Financial Group Inc. owned about 0.94% of Janus Henderson Group worth $64,992,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of JHG. Royal Bank of Canada increased its position in Janus Henderson Group by 38.3% during the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after purchasing an additional 31,889 shares during the last quarter. Amundi boosted its holdings in shares of Janus Henderson Group by 13.8% in the 1st quarter. Amundi now owns 4,177 shares of the company’s stock valued at $150,000 after purchasing an additional 506 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Janus Henderson Group by 1,538.8% during the 1st quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after buying an additional 8,294 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of 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 valued at $46,992,000 after buying an additional 186,218 shares during the period. Finally, Jane Street Group LLC increased its holdings in shares of Janus Henderson Group by 1,924.0% during the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after buying an additional 265,550 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Janus Henderson Group Stock Performance

Shares of NYSE:JHG opened at $48.13 on Wednesday. The business’s 50-day simple moving average is $46.71 and its 200 day simple moving average is $44.72. The company has a market cap of $7.43 billion, a P/E ratio of 9.15, a PEG ratio of 0.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $49.42.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.82. The company had revenue of $996.60 million during the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. Janus Henderson Group’s revenue for the quarter was up 61.3% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. On average, sell-side analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on JHG shares. Evercore ISI reduced their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 8th. Morgan Stanley raised their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Finally, Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and an average target price of $47.67.

About Janus Henderson Group

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.