Sage Investment Counsel LLC Decreases Position in Janus Henderson Group plc $JHG

Sage Investment Counsel LLC trimmed its holdings in Janus Henderson Group plc (NYSE:JHG) by 65.9% in the first quarter, HoldingsChannel.com reports. The firm owned 8,015 shares of the company’s stock after selling 15,478 shares during the quarter. Sage Investment Counsel LLC’s holdings in Janus Henderson Group were worth $412,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. raised its holdings in Janus Henderson Group by 29.9% during the fourth quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after purchasing an additional 215 shares in the last quarter. Inscription Capital LLC boosted its holdings in shares of Janus Henderson Group by 2.0% in the 4th quarter. Inscription Capital LLC now owns 13,938 shares of the company’s stock valued at $663,000 after buying an additional 279 shares in the last quarter. UMB Bank n.a. boosted its holdings in shares of Janus Henderson Group by 14.7% in the 4th quarter. UMB Bank n.a. now owns 2,469 shares of the company’s stock valued at $117,000 after buying an additional 316 shares in the last quarter. Lido Advisors LLC grew its position in shares of Janus Henderson Group by 5.9% in the 4th quarter. Lido Advisors LLC now owns 5,829 shares of the company’s stock valued at $261,000 after buying an additional 324 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC grew its position in shares of Janus Henderson Group by 7.7% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 4,588 shares of the company’s stock valued at $236,000 after buying an additional 327 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Janus Henderson Group Stock Performance

JHG opened at $51.95 on Friday. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 10.23, a price-to-earnings-growth ratio of 5.78 and a beta of 1.35. Janus Henderson Group plc has a 52 week low of $38.67 and a 52 week high of $53.76. The business’s 50 day moving average is $51.77 and its two-hundred day moving average is $50.24. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). The firm had revenue of $541.60 million during the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. Janus Henderson Group’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.79 EPS. On average, research analysts predict that Janus Henderson Group plc will post 4.39 EPS for the current year.

Analysts Set New Price Targets

Several brokerages recently commented on JHG. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note 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 issued a Hold rating to the stock. According to MarketBeat, Janus Henderson Group presently has an average rating of “Hold” and a consensus price target of $48.29.

Janus Henderson Group 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.