Janus Henderson Group (NYSE:JHG) Releases Quarterly Earnings Results, Misses Estimates By $0.08 EPS

Janus Henderson Group (NYSE:JHG) issued its quarterly earnings data on Friday. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.08), Zacks reports. The company had revenue of $541.60 million during the quarter, compared to analyst estimates of $560.37 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period last year, the firm earned $0.79 EPS.

Janus Henderson Group Price Performance

Shares of Janus Henderson Group stock traded up $0.01 on Friday, hitting $51.69. The company’s stock had a trading volume of 769,044 shares, compared to its average volume of 1,607,730. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18. Janus Henderson Group has a 1 year low of $35.56 and a 1 year high of $53.76. The firm has a fifty day moving average price of $51.40 and a 200-day moving average price of $47.91. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 9.83, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37.

Analyst Upgrades and Downgrades

JHG has been the subject of several analyst reports. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $48.29.

Insider Activity at Janus Henderson Group

In related news, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the transaction, the chief technology officer owned 118,939 shares in the company, valued at $6,216,941.53. The trade was a 12.47% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ali Dibadj sold 127,632 shares of Janus Henderson Group stock in a transaction dated 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 transaction, the chief executive officer owned 449,078 shares of the company’s stock, valued at approximately $22,058,711.36. This represents a 22.13% 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 in the last 90 days. Corporate insiders own 21.00% of the company’s stock.

Hedge Funds Weigh In On Janus Henderson Group

Institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC purchased a new stake in Janus Henderson Group during the 4th quarter worth approximately $153,000. DRW Securities LLC purchased a new stake in Janus Henderson Group during the 4th quarter worth approximately $232,000. NewEdge Advisors LLC purchased a new stake in Janus Henderson Group during the 3rd quarter worth approximately $215,000. Shelton Capital Management purchased a new stake in Janus Henderson Group during the 3rd quarter worth approximately $203,000. Finally, Laird Norton Wetherby Wealth Management LLC purchased a new stake in Janus Henderson Group during the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

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.