Azora Capital LP Takes $13.66 Million Position in Janus Henderson Group plc $JHG

Azora Capital LP acquired a new position in shares of Janus Henderson Group plc (NYSE:JHG) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 306,838 shares of the company’s stock, valued at approximately $13,657,000. Azora Capital LP owned about 0.20% of Janus Henderson Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also added to or reduced their stakes in JHG. Charles Schwab Investment Management Inc. raised its holdings in shares of Janus Henderson Group by 3.2% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock worth $198,162,000 after purchasing an additional 155,947 shares during the period. AQR Capital Management LLC grew its holdings in Janus Henderson Group by 29.7% during the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock valued at $213,649,000 after purchasing an additional 1,099,858 shares during the period. State Street Corp grew its holdings in Janus Henderson Group by 0.6% during the second quarter. State Street Corp now owns 4,578,071 shares of the company’s stock valued at $177,812,000 after purchasing an additional 28,114 shares during the period. Norges Bank purchased a new stake in Janus Henderson Group in the second quarter worth $86,180,000. Finally, Qube Research & Technologies Ltd increased its position in Janus Henderson Group by 8.7% in the second quarter. Qube Research & Technologies Ltd now owns 1,856,228 shares of the company’s stock worth $72,096,000 after buying an additional 148,132 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

JHG has been the topic of several research reports. Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Evercore decreased their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. TD Cowen downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Tuesday, December 23rd. Morgan Stanley increased their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Finally, Bank of America reissued a “neutral” rating and issued a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

Janus Henderson Group Stock Down 0.4%

JHG opened at $50.18 on Friday. The company has a fifty day moving average price of $49.10 and a 200-day moving average price of $46.07. The firm has a market capitalization of $7.73 billion, a P/E ratio of 9.54, a price-to-earnings-growth ratio of 1.43 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.18 and a quick ratio of 2.50. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $53.76.

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

Insiders Place Their Bets

In other Janus Henderson Group news, CTO William B. Cassidy sold 16,947 shares of the company’s stock in a transaction dated Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the transaction, the chief technology officer directly owned 118,939 shares in the company, valued at $6,216,941.53. This represents a 12.47% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the sale, the insider directly owned 12,204 shares in the company, valued at approximately $625,332.96. The trade was a 11.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 146,229 shares of company stock worth $7,239,650 in the last ninety days. 19.60% of the stock is currently owned by insiders.

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.