Janus Henderson Group plc (NYSE:JHG) Sees Large Drop in Short Interest

Janus Henderson Group plc (NYSE:JHG) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 1,929,266 shares, a drop of 18.0% from the February 12th total of 2,351,932 shares. Based on an average daily trading volume, of 4,178,861 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.6% of the shares of the company are sold short. Approximately 1.6% of the shares of the company are sold short. Based on an average daily trading volume, of 4,178,861 shares, the days-to-cover ratio is presently 0.5 days.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Bank of America reissued a “neutral” rating and issued a $49.00 price objective (down from $54.00) on shares of Janus Henderson Group in a research report on Monday, January 5th. TD Cowen lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price on the stock. in a research report on Tuesday, December 23rd. Evercore cut their target price on shares of 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. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Finally, Morgan Stanley raised 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 report on Wednesday, December 17th. Two equities research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insider Transactions at Janus Henderson Group

In other news, CTO William B. Cassidy sold 16,947 shares of Janus Henderson Group 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 approximately $6,216,941.53. The trade was a 12.47% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the business’s stock in a transaction dated Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total value of $84,546.00. Following the transaction, the insider directly owned 12,204 shares of the company’s stock, valued at $625,332.96. This represents a 11.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 146,229 shares of company stock worth $7,239,650. Company insiders own 20.40% of the company’s stock.

Institutional Trading of Janus Henderson Group

A number of large investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC bought a new position in shares of Janus Henderson Group during the fourth quarter valued at $25,000. Bessemer Group Inc. boosted its stake in shares of Janus Henderson Group by 134.6% in the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock valued at $26,000 after purchasing an additional 342 shares in the last quarter. United Community Bank bought a new stake in shares of Janus Henderson Group in the 3rd quarter worth about $30,000. Empowered Funds LLC acquired a new stake in shares of Janus Henderson Group during the 4th quarter worth about $33,000. Finally, Larson Financial Group LLC increased its position in shares of Janus Henderson Group by 108.0% during the 4th quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after purchasing an additional 406 shares in the last quarter. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Stock Up 1.9%

Shares of JHG opened at $51.42 on Wednesday. The stock has a market cap of $7.92 billion, a price-to-earnings ratio of 9.77, a P/E/G ratio of 1.44 and a beta of 1.53. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $53.76. The company has a 50-day moving average price of $49.22 and a two-hundred day moving average price of $46.17.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $996.60 million for the quarter, compared to analyst estimates of $763.09 million. During the same period in the prior year, the company posted $1.07 EPS. The company’s revenue was up 61.3% compared to the same quarter last year. Equities analysts predict that Janus Henderson Group will post 3.75 EPS 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.