Federated Hermes Inc. Sells 6,608 Shares of Janus Henderson Group plc (NYSE:JHG)

Federated Hermes Inc. reduced its stake in Janus Henderson Group plc (NYSE:JHG) by 32.8% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,518 shares of the company’s stock after selling 6,608 shares during the period. Federated Hermes Inc.’s holdings in Janus Henderson Group were worth $456,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Quadrature Capital Ltd acquired a new stake in Janus Henderson Group in the fourth quarter valued at approximately $834,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Janus Henderson Group during the 1st quarter valued at $6,793,000. Duality Advisers LP bought a new stake in Janus Henderson Group during the 1st quarter worth $2,741,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Janus Henderson Group by 163.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,083 shares of the company’s stock worth $1,549,000 after purchasing an additional 29,181 shares in the last quarter. Finally, Russell Investments Group Ltd. raised its position in Janus Henderson Group by 77.7% in the first quarter. Russell Investments Group Ltd. now owns 251,853 shares of the company’s stock valued at $8,283,000 after purchasing an additional 110,136 shares during the last quarter. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $38.39 on Tuesday. The business has a 50-day moving average price of $36.25 and a two-hundred day moving average price of $34.07. Janus Henderson Group plc has a 1-year low of $22.17 and a 1-year high of $39.11. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07. The company has a market cap of $6.16 billion, a P/E ratio of 14.49, a PEG ratio of 0.74 and a beta of 1.51.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Thursday, August 1st. The company reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The business had revenue of $588.40 million during the quarter, compared to the consensus estimate of $568.79 million. During the same period in the previous year, the company posted $0.62 earnings per share. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. As a group, analysts anticipate that Janus Henderson Group plc will post 3.23 EPS for the current year.

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Investors of record on Monday, August 12th were paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.06%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s dividend payout ratio is presently 58.87%.

Insiders Place Their Bets

In other news, CFO Roger Mj Thompson sold 9,000 shares of the company’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total transaction of $318,420.00. Following the transaction, the chief financial officer now owns 139,171 shares in the company, valued at $4,923,869.98. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the completion of the sale, the chief financial officer now owns 139,171 shares in the company, valued at $4,923,869.98. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the transaction, the chief accounting officer now owns 89,048 shares in the company, valued at $3,251,142.48. The disclosure for this sale can be found here. Over the last ninety days, insiders purchased 492,997 shares of company stock worth $1,667,418 and sold 25,651 shares worth $918,158. Corporate insiders own 19.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JHG shares. TD Cowen boosted their price target on Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a report on Monday, July 8th. Wells Fargo & Company started coverage on shares of Janus Henderson Group in a research report on Thursday, September 12th. They issued an “equal weight” rating and a $37.00 price target for the company. UBS Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $33.00 to $37.00 in a report on Monday, September 9th. JPMorgan Chase & Co. increased their price objective on Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a report on Friday, August 2nd. Finally, StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $33.33.

About Janus Henderson Group

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.