Janus Henderson Group plc $JHG Shares Acquired by Lazard Asset Management LLC

Lazard Asset Management LLC lifted its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 65.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,981 shares of the company’s stock after purchasing an additional 35,723 shares during the period. Lazard Asset Management LLC owned about 0.06% of Janus Henderson Group worth $4,622,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new stake in Janus Henderson Group in the 4th quarter valued at approximately $25,000. Empowered Funds LLC acquired a new stake in Janus Henderson Group during the 4th quarter valued at $33,000. Larson Financial Group LLC increased its position in Janus Henderson Group by 108.0% during the fourth quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after buying an additional 406 shares in the last quarter. Hantz Financial Services Inc. increased its position in Janus Henderson Group by 114.7% during the fourth quarter. Hantz Financial Services Inc. now owns 831 shares of the company’s stock worth $40,000 after buying an additional 444 shares in the last quarter. Finally, Rockefeller Capital Management L.P. raised its holdings in shares of Janus Henderson Group by 29.9% in the fourth quarter. Rockefeller Capital Management L.P. now owns 935 shares of the company’s stock worth $44,000 after acquiring an additional 215 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Price Performance

JHG opened at $51.95 on Friday. Janus Henderson Group plc has a 1 year low of $38.67 and a 1 year high of $53.76. The firm has a 50 day moving average price of $51.89 and a 200 day moving average price of $50.93. 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 company has a market cap of $8.00 billion, a PE ratio of 10.23, a price-to-earnings-growth ratio of 5.78 and a beta of 1.35.

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 business had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. During the same period last year, the firm earned $0.79 earnings per share. The company’s quarterly revenue was up 11.0% on a year-over-year basis. Sell-side analysts expect that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have recently issued reports on JHG. Zacks Research downgraded Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $49.40.

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.