Janus Henderson Group plc (NYSE:JHG) Sees Significant Drop in Short Interest

Janus Henderson Group plc (NYSE:JHG) was the target of a large decrease in short interest in March. As of March 15th, there was short interest totalling 2,610,000 shares, a decrease of 17.9% from the February 28th total of 3,180,000 shares. Currently, 1.7% of the company’s stock are sold short. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is currently 2.3 days.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JHG shares. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Wells Fargo & Company lifted their target price on Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised Janus Henderson Group from a “neutral” rating to an “overweight” rating and upped their price target for the company from $44.00 to $53.00 in a research report on Wednesday, February 5th. The Goldman Sachs Group upgraded Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price objective for the stock from $42.00 to $45.00 in a research note on Monday, January 6th. Finally, Morgan Stanley boosted their target price 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 Friday, December 20th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $47.38.

Hedge Funds Weigh In On Janus Henderson Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in JHG. Cerity Partners LLC acquired a new position in Janus Henderson Group during the 3rd quarter worth $649,000. D.A. Davidson & CO. lifted its holdings in Janus Henderson Group by 2.7% in the third quarter. D.A. Davidson & CO. now owns 21,266 shares of the company’s stock worth $810,000 after purchasing an additional 566 shares during the period. FMR LLC lifted its holdings in Janus Henderson Group by 15.9% in the third quarter. FMR LLC now owns 47,163 shares of the company’s stock worth $1,796,000 after purchasing an additional 6,472 shares during the period. Bridgewater Associates LP bought a new position in Janus Henderson Group in the 3rd quarter valued at about $328,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Janus Henderson Group by 350.9% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,062,869 shares of the company’s stock valued at $40,463,000 after buying an additional 827,132 shares during the period. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Performance

NYSE JHG traded up $0.52 during trading hours on Wednesday, hitting $36.83. The company had a trading volume of 1,070,239 shares, compared to its average volume of 1,034,156. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The firm has a market cap of $5.80 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.66 and a beta of 1.43. Janus Henderson Group has a fifty-two week low of $30.35 and a fifty-two week high of $46.68. The business has a fifty day simple moving average of $40.80 and a 200-day simple moving average of $41.52.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 31st. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period in the previous year, the firm posted $0.82 EPS. Equities analysts predict that Janus Henderson Group will post 3.75 EPS for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.24%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 60.94%.

About Janus Henderson Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.