Assetmark Inc. Boosts Position in Janus Henderson Group plc (NYSE:JHG)

Assetmark Inc. lifted its position in Janus Henderson Group plc (NYSE:JHG) by 9.1% in the third quarter, HoldingsChannel reports. The firm owned 5,101 shares of the company’s stock after buying an additional 425 shares during the period. Assetmark Inc.’s holdings in Janus Henderson Group were worth $194,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Versant Capital Management Inc purchased a new stake in shares of Janus Henderson Group in the 2nd quarter valued at approximately $34,000. Larson Financial Group LLC lifted its holdings in Janus Henderson Group by 401.6% in the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock valued at $42,000 after acquiring an additional 1,000 shares during the last quarter. Abich Financial Wealth Management LLC lifted its holdings in Janus Henderson Group by 41.9% in the first quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company’s stock valued at $47,000 after acquiring an additional 419 shares during the last quarter. Farther Finance Advisors LLC grew its position in Janus Henderson Group by 70.6% in the third quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock worth $53,000 after acquiring an additional 575 shares during the period. Finally, GAMMA Investing LLC increased its stake in Janus Henderson Group by 159.6% during the second quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock worth $82,000 after acquiring an additional 1,500 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

JHG has been the topic of several recent analyst reports. TD Cowen upped their price target on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. StockNews.com cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. JPMorgan Chase & Co. increased their target price on shares of Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Morgan Stanley boosted their price target on shares of Janus Henderson Group from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company increased their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has assigned a buy rating to the company. According to MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and an average price target of $41.75.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $35.60, for a total value of $320,400.00. Following the transaction, the chief financial officer now owns 130,171 shares in the company, valued at approximately $4,634,087.60. This represents a 6.47 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michelle Rosenberg sold 7,651 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the sale, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. This trade represents a 7.91 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,651 shares of company stock valued at $918,158. 19.60% of the stock is currently owned by corporate insiders.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $44.50 on Friday. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group plc has a 52-week low of $25.39 and a 52-week high of $45.67. The firm has a market cap of $7.08 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 0.58 and a beta of 1.49. The company’s 50 day moving average is $39.84 and its two-hundred day moving average is $36.43.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The business had revenue of $624.80 million for the quarter, compared to analysts’ expectations of $600.88 million. During the same period last year, the firm earned $0.64 earnings per share. The company’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, research analysts expect that Janus Henderson Group plc will post 3.43 EPS for the current fiscal year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Wednesday, November 27th. Janus Henderson Group’s payout ratio is presently 61.66%.

Janus Henderson Group Company Profile

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.