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

Janus Henderson Group (NYSE:JHG) announced its earnings results on Friday. The company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.08), Zacks reports. The company had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The company’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.79 earnings per share.

Janus Henderson Group Stock Up 0.0%

Shares of NYSE:JHG traded up $0.01 during trading on Friday, reaching $51.69. 769,044 shares of the company traded hands, compared to its average volume of 1,607,730. The firm has a fifty day simple moving average of $51.40 and a 200 day simple moving average of $47.91. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a 1-year low of $35.56 and a 1-year high of $53.76. The firm has a market cap of $7.96 billion, a P/E ratio of 9.83, a price-to-earnings-growth ratio of 5.75 and a beta of 1.37.

Analyst Upgrades and Downgrades

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

Insider Transactions at Janus Henderson Group

In other news, CTO William B. Cassidy sold 16,947 shares of the firm’s stock in a transaction dated 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 sale, the chief technology officer directly owned 118,939 shares of the company’s stock, valued at $6,216,941.53. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 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 sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 146,229 shares of company stock valued at $7,239,650. 21.00% of the stock is owned by insiders.

Institutional Trading of Janus Henderson Group

A number of institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC bought a new position in shares of Janus Henderson Group during the 4th quarter valued at $33,000. CIBC Private Wealth Group LLC lifted its stake in shares of Janus Henderson Group by 540.4% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 1,633 shares of the company’s stock valued at $73,000 after purchasing an additional 1,378 shares during the last quarter. Triumph Capital Management bought a new stake in Janus Henderson Group in the third quarter worth $111,000. UMB Bank n.a. increased its position in Janus Henderson Group by 14.7% during the fourth quarter. UMB Bank n.a. now owns 2,469 shares of the company’s stock worth $117,000 after buying an additional 316 shares during the last quarter. Finally, Amundi increased its position in Janus Henderson Group by 13.8% during the first quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after buying an additional 506 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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.