Intech Investment Management LLC Sells 86,093 Shares of Janus Henderson Group plc $JHG

Intech Investment Management LLC cut its holdings in Janus Henderson Group plc (NYSE:JHG) by 70.4% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 36,151 shares of the company’s stock after selling 86,093 shares during the quarter. Intech Investment Management LLC’s holdings in Janus Henderson Group were worth $1,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bessemer Group Inc. lifted its holdings in shares of Janus Henderson Group by 134.6% in the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the last quarter. United Community Bank bought a new position in Janus Henderson Group in the 3rd quarter valued at approximately $30,000. Quent Capital LLC acquired a new stake in Janus Henderson Group in the third quarter valued at approximately $36,000. Addison Advisors LLC grew its stake in shares of Janus Henderson Group by 42.3% during the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after buying an additional 243 shares during the last quarter. Finally, Traub Capital Management LLC acquired a new position in shares of Janus Henderson Group during the second quarter worth $37,000. Institutional investors own 87.94% of the company’s stock.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the sale, the chief executive officer directly owned 449,078 shares in the company, valued at approximately $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction on Friday, February 27th. The shares were sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the sale, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 19.60% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $51.50 on Friday. The business has a 50-day moving average price of $48.73 and a two-hundred day moving average price of $45.73. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $53.76. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.93 billion, a P/E ratio of 9.79, a PEG ratio of 1.47 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating the consensus estimate of $1.19 by $0.82. The company had revenue of $996.60 million for the quarter, compared to analyst estimates of $763.09 million. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm’s revenue for the quarter was up 61.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.07 EPS. As a group, analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on JHG. Bank of America reissued a “neutral” rating and set a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Evercore dropped their price objective on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Finally, Morgan Stanley lifted their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Two analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $47.38.

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.