Janus Henderson Group plc $JHG Shares Sold by Park Avenue Securities LLC

Park Avenue Securities LLC decreased its position in Janus Henderson Group plc (NYSE:JHG) by 89.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 5,468 shares of the company’s stock after selling 45,422 shares during the period. Park Avenue Securities LLC’s holdings in Janus Henderson Group were worth $260,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fisher Asset Management LLC lifted its holdings in shares of Janus Henderson Group by 17.4% during the third quarter. Fisher Asset Management LLC now owns 1,807,154 shares of the company’s stock worth $80,436,000 after purchasing an additional 268,483 shares during the period. Allianz Asset Management GmbH increased its holdings in Janus Henderson Group by 5.7% in the 3rd quarter. Allianz Asset Management GmbH now owns 1,767,657 shares of the company’s stock worth $78,678,000 after buying an additional 94,771 shares during the period. Norges Bank acquired a new position in Janus Henderson Group in the 2nd quarter worth approximately $86,180,000. JPMorgan Chase & Co. raised its position in Janus Henderson Group by 28.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 754,201 shares of the company’s stock worth $33,569,000 after buying an additional 168,241 shares during the last quarter. Finally, Millennium Management LLC raised its position in Janus Henderson Group by 20.3% during the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after buying an additional 1,154,481 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on JHG. 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. Evercore reduced 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 report on Monday, December 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Friday. 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, Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Two 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 company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $47.38.

Insider Buying and Selling

In related news, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the sale, the chief executive officer owned 449,078 shares in the company, valued at approximately $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of Janus Henderson Group stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total transaction of $84,546.00. Following the completion of the transaction, the insider directly owned 12,204 shares of the company’s stock, valued at $625,332.96. The trade was a 11.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 146,229 shares of company stock valued at $7,239,650. Corporate insiders own 20.40% of the company’s stock.

Janus Henderson Group Trading Down 0.0%

Shares of NYSE:JHG opened at $51.36 on Tuesday. 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 plc has a 12-month low of $28.26 and a 12-month high of $53.76. The business has a 50 day moving average of $49.82 and a two-hundred day moving average of $46.59. The company has a market capitalization of $7.91 billion, a PE ratio of 9.76, a PEG ratio of 1.47 and a beta of 1.53.

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