Nordea Investment Management AB Grows Stock Position in Janus Henderson Group plc $JHG

Nordea Investment Management AB boosted its holdings in Janus Henderson Group plc (NYSE:JHG) by 6.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 241,314 shares of the company’s stock after acquiring an additional 13,691 shares during the period. Nordea Investment Management AB’s holdings in Janus Henderson Group were worth $10,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Traub Capital Management LLC purchased a new stake in Janus Henderson Group in the second quarter valued at $37,000. True Wealth Design LLC grew its stake in shares of Janus Henderson Group by 1,019.4% in the third quarter. True Wealth Design LLC now owns 1,556 shares of the company’s stock valued at $69,000 after buying an additional 1,417 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of Janus Henderson Group by 40.2% in the 2nd quarter. Fifth Third Bancorp now owns 2,167 shares of the company’s stock valued at $84,000 after buying an additional 621 shares during the period. UMB Bank n.a. increased its stake in Janus Henderson Group by 86.3% during the second quarter. UMB Bank n.a. now owns 2,183 shares of the company’s stock worth $85,000 after purchasing an additional 1,011 shares during the period. Finally, Allworth Financial LP lifted its position in shares of Janus Henderson Group by 52.8% during the second 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. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on JHG. Cowen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Monday, December 22nd. Morgan Stanley boosted their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 8th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat.com, Janus Henderson Group currently has an average rating of “Hold” and an average price target of $47.67.

Janus Henderson Group Stock Performance

NYSE:JHG opened at $47.85 on Friday. Janus Henderson Group plc has a 12 month low of $28.26 and a 12 month high of $49.42. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.02 and a quick ratio of 2.15. The firm has a market capitalization of $7.39 billion, a PE ratio of 14.03, a price-to-earnings-growth ratio of 0.75 and a beta of 1.54. The business’s fifty day moving average price is $45.53 and its 200 day moving average price is $44.06.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, October 30th. The company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.08. The company had revenue of $700.40 million during the quarter, compared to the consensus estimate of $695.57 million. Janus Henderson Group had a return on equity of 12.35% and a net margin of 19.82%.Janus Henderson Group’s revenue for the quarter was up 12.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.91 EPS. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 26th. Investors of record on Monday, November 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Monday, November 10th. Janus Henderson Group’s dividend payout ratio is 46.92%.

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.