Prana Capital Management LP Acquires 71,271 Shares of Janus Henderson Group plc $JHG

Prana Capital Management LP raised its holdings in Janus Henderson Group plc (NYSE:JHG) by 158.2% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,319 shares of the company’s stock after purchasing an additional 71,271 shares during the period. Prana Capital Management LP’s holdings in Janus Henderson Group were worth $5,177,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Norges Bank purchased a new stake in shares of Janus Henderson Group during the 2nd quarter valued at approximately $86,180,000. AQR Capital Management LLC grew its stake in Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock valued at $143,715,000 after buying an additional 1,773,964 shares in the last quarter. Millennium Management LLC raised its holdings in Janus Henderson Group by 20.3% during the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after acquiring an additional 1,154,481 shares during the period. Clark Capital Management Group Inc. lifted its position in shares of Janus Henderson Group by 101.2% during the third quarter. Clark Capital Management Group Inc. now owns 1,829,676 shares of the company’s stock worth $81,439,000 after acquiring an additional 920,477 shares in the last quarter. Finally, Balyasny Asset Management L.P. bought a new position in shares of Janus Henderson Group in the third quarter worth $26,409,000. Institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $51.42 on Wednesday. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 9.77, a PEG ratio of 1.44 and a beta of 1.53. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. The business has a 50-day simple moving average of $49.22 and a 200 day simple moving average of $46.17. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $53.76.

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

Insider Buying and Selling at Janus Henderson Group

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the sale, the insider directly owned 12,204 shares in the company, valued at $625,332.96. The trade was a 11.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CTO William B. Cassidy sold 16,947 shares of the stock in a transaction on Friday, February 27th. The stock was sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the transaction, the chief technology officer directly owned 118,939 shares in the company, valued at $6,216,941.53. The trade was a 12.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 146,229 shares of company stock worth $7,239,650 over the last three months. 20.40% of the stock is owned by insiders.

Analyst Ratings Changes

JHG has been the topic of a number of analyst reports. Bank of America reiterated a “neutral” rating and set a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Finally, TD Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a report on Tuesday, December 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

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.