Norges Bank Invests $117.88 Million in Janus Henderson Group plc $JHG

Norges Bank purchased a new stake in shares of Janus Henderson Group plc (NYSE:JHG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,478,057 shares of the company’s stock, valued at approximately $117,881,000. Norges Bank owned 1.60% of Janus Henderson Group as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Cibc World Market Inc. raised its holdings in Janus Henderson Group by 2.9% during the 3rd 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 stake in shares of Janus Henderson Group by 42.3% in the 3rd quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 243 shares during the last quarter. Inscription Capital LLC boosted its stake 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 purchasing an additional 279 shares during the last quarter. Integrated Advisors Network LLC grew its position in shares of 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 period. Finally, Bessemer Group Inc. grew its position in shares of 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 period. Institutional investors own 87.94% of the company’s stock.

Insider Buying and Selling

In related news, insider Megan Podzorov sold 1,650 shares of the business’s stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the sale, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. The trade was a 11.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 21.00% of the company’s stock.

Analyst Ratings Changes

JHG has been the topic of several analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a report on Friday, March 27th. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. One 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, the company presently has a consensus rating of “Hold” and an average target price of $48.29.

Janus Henderson Group Price Performance

NYSE JHG opened at $51.78 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.51 and a current ratio of 3.89. The stock has a market cap of $7.98 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 5.76 and a beta of 1.35. The business has a 50 day simple moving average of $51.61 and a 200 day simple moving average of $49.09. Janus Henderson Group plc has a 52-week low of $35.76 and a 52-week high of $53.76.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results 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). Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The company had revenue of $541.60 million during the quarter, compared to the consensus estimate of $560.37 million. During the same period in the previous year, the firm posted $0.79 EPS. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. Analysts anticipate that Janus Henderson Group plc will post 4.39 earnings per share for the current fiscal year.

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.