Picton Mahoney Asset Management Increases Position in Janus Henderson Group plc $JHG

Picton Mahoney Asset Management lifted its position in Janus Henderson Group plc (NYSE:JHG) by 72,725.8% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,576 shares of the company’s stock after acquiring an additional 22,545 shares during the period. Picton Mahoney Asset Management’s holdings in Janus Henderson Group were worth $1,004,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cibc World Market Inc. raised its stake in shares of Janus Henderson Group by 2.9% in the third quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock worth $375,000 after purchasing an additional 234 shares during the last quarter. Addison Advisors LLC boosted its position in Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after buying an additional 243 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in Janus Henderson Group by 5.9% in the 2nd quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock worth $192,000 after buying an additional 274 shares during the period. Integrated Advisors Network LLC raised its position in Janus Henderson Group by 4.7% during the 3rd quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company’s stock worth $308,000 after buying an additional 308 shares during the last quarter. Finally, Bessemer Group Inc. raised its position in Janus Henderson Group by 134.6% during 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. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Insider Activity at Janus Henderson Group

In other news, CEO Ali Dibadj sold 127,632 shares of Janus Henderson Group stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the sale, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at $22,058,711.36. The trade was a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO William B. Cassidy sold 16,947 shares of the business’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the sale, the chief technology officer owned 118,939 shares of the company’s stock, valued at $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Company insiders own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Wall Street Zen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. TD Cowen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Tuesday, December 23rd. Morgan Stanley upped their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Finally, Bank of America reaffirmed a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, Janus Henderson Group currently has an average rating of “Moderate Buy” and a consensus target price of $47.38.

Janus Henderson Group Stock Down 0.3%

Shares of JHG opened at $51.35 on Friday. The firm has a market cap of $7.91 billion, a P/E ratio of 9.76, a PEG ratio of 1.47 and a beta of 1.53. Janus Henderson Group plc has a 12 month low of $28.26 and a 12 month high of $53.76. The stock’s 50 day moving average is $48.80 and its two-hundred day moving average is $45.79. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Friday, January 30th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a return on equity of 14.70% and a net margin of 25.83%.The firm had revenue of $996.60 million for the quarter, compared to analyst estimates of $763.09 million. During the same quarter last year, the firm posted $1.07 EPS. The business’s revenue was up 61.3% on a year-over-year basis. Analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal 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.