New York State Common Retirement Fund Acquires 48,993 Shares of Janus Henderson Group plc $JHG

New York State Common Retirement Fund raised its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 83.4% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 107,742 shares of the company’s stock after acquiring an additional 48,993 shares during the quarter. New York State Common Retirement Fund’s holdings in Janus Henderson Group were worth $4,796,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new position in shares of Janus Henderson Group during the third quarter worth approximately $36,000. Traub Capital Management LLC bought a new position in Janus Henderson Group during the second quarter valued at about $37,000. True Wealth Design LLC raised its holdings in Janus Henderson Group by 1,019.4% in the 3rd quarter. True Wealth Design LLC now owns 1,556 shares of the company’s stock valued at $69,000 after acquiring an additional 1,417 shares in the last quarter. Richardson Financial Services Inc. lifted its position in shares of Janus Henderson Group by 237.8% in the 3rd quarter. Richardson Financial Services Inc. now owns 1,598 shares of the company’s stock worth $71,000 after acquiring an additional 1,125 shares during the period. Finally, Allworth Financial LP grew its holdings in shares of Janus Henderson Group by 52.8% during the 2nd quarter. Allworth Financial LP now owns 2,234 shares of the company’s stock worth $87,000 after purchasing an additional 772 shares in the last quarter. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Up 0.1%

JHG opened at $48.26 on Friday. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 9.17, a PEG ratio of 0.79 and a beta of 1.54. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.15 and a current ratio of 4.02. The firm’s 50-day simple moving average is $46.99 and its 200-day simple moving average is $44.82. Janus Henderson Group plc has a twelve month low of $28.26 and a twelve month high of $49.42.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. The firm had revenue of $996.60 million for the quarter, compared to analyst estimates of $763.09 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 61.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 earnings per share. Equities research analysts anticipate that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on JHG shares. Evercore cut their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Morgan Stanley increased their price objective 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 Wednesday, December 17th. Bank of America reiterated a “neutral” rating and set a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. Finally, TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a research note on Tuesday, December 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $47.67.

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.