Gabelli Funds LLC Increases Position in Janus Henderson Group plc $JHG

Gabelli Funds LLC lifted its holdings in Janus Henderson Group plc (NYSE:JHG) by 173.6% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 301,100 shares of the company’s stock after acquiring an additional 191,050 shares during the quarter. Gabelli Funds LLC’s holdings in Janus Henderson Group were worth $14,323,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Janus Henderson Group in the 4th quarter worth approximately $25,000. Bessemer Group Inc. boosted its stake in shares of Janus Henderson Group by 134.6% in the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after buying an additional 342 shares during the last quarter. United Community Bank purchased a new position in shares of Janus Henderson Group in the 3rd quarter worth approximately $30,000. Addison Advisors LLC boosted its stake in shares of Janus Henderson Group by 42.3% in the 3rd 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, Clearstead Advisors LLC boosted its stake in shares of Janus Henderson Group by 170.4% in the 3rd quarter. Clearstead Advisors LLC now owns 1,144 shares of the company’s stock worth $51,000 after buying an additional 721 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

JHG has been the topic of a number of research analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $48.29.

Insiders Place Their Bets

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of the business’s stock in a transaction 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 sale, the insider owned 12,204 shares of the company’s stock, valued at $625,332.96. The trade was a 11.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO William B. Cassidy sold 16,947 shares of the business’s 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 sale, 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 SEC filing for this sale provides additional information. Insiders own 21.00% of the company’s stock.

Janus Henderson Group Trading Down 0.0%

Shares of JHG stock opened at $51.80 on Wednesday. The company’s fifty day simple moving average is $51.40 and its two-hundred day simple moving average is $48.40. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.51. Janus Henderson Group plc has a 1 year low of $35.56 and a 1 year high of $53.76. The stock has a market capitalization of $7.98 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 5.76 and a beta of 1.37.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The business had revenue of $541.60 million for the quarter, compared to the consensus estimate of $560.37 million. During the same period in the previous year, the firm earned $0.79 EPS. The company’s revenue was up 11.0% compared to the same quarter last year. As a group, analysts anticipate that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

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.