Van ECK Associates Corp Purchases 635 Shares of Janus Henderson Group plc (NYSE:JHG)

Posted by Defense World Staff on May 17th, 2023

Van ECK Associates Corp raised its position in Janus Henderson Group plc (NYSE:JHG – Get Rating) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,114 shares of the company’s stock after purchasing an additional 635 shares during the period. Van ECK Associates Corp’s holdings in Janus Henderson Group were worth $285,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of JHG. Bessemer Group Inc. bought a new stake in Janus Henderson Group in the third quarter valued at approximately $27,000. Neo Ivy Capital Management bought a new stake in shares of Janus Henderson Group during the third quarter worth $28,000. Ellevest Inc. increased its position in shares of Janus Henderson Group by 1,655.7% during the third quarter. Ellevest Inc. now owns 1,545 shares of the company’s stock worth $31,000 after acquiring an additional 1,457 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Janus Henderson Group by 72.5% during the third quarter. Quadrant Capital Group LLC now owns 2,726 shares of the company’s stock worth $55,000 after acquiring an additional 1,146 shares in the last quarter. Finally, Ronald Blue Trust Inc. increased its position in shares of Janus Henderson Group by 88.5% during the fourth quarter. Ronald Blue Trust Inc. now owns 3,390 shares of the company’s stock worth $69,000 after acquiring an additional 1,592 shares in the last quarter. Institutional investors own 85.01% of the company’s stock.

Janus Henderson Group Stock Performance

NYSE JHG opened at $25.97 on Wednesday. The firm has a 50-day moving average of $26.03 and a 200-day moving average of $25.84. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 3.98. The stock has a market cap of $4.30 billion, a PE ratio of 12.19, a P/E/G ratio of 3.86 and a beta of 1.44. Janus Henderson Group plc has a 52-week low of $19.09 and a 52-week high of $31.30.

Janus Henderson Group (NYSE:JHG – Get Rating) last posted its earnings results on Wednesday, May 3rd. The company reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.08. The company had revenue of $495.80 million during the quarter, compared to analysts’ expectations of $488.38 million. Janus Henderson Group had a net margin of 16.86% and a return on equity of 9.07%. Janus Henderson Group’s quarterly revenue was down 20.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 2.26 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Shareholders of record on Monday, May 15th will be paid a $0.39 dividend. This represents a $1.56 annualized dividend and a yield of 6.01%. The ex-dividend date is Friday, May 12th. Janus Henderson Group’s dividend payout ratio (DPR) is 73.24%.

Insiders Place Their Bets

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,874 shares of Janus Henderson Group stock in a transaction dated Monday, May 8th. The shares were sold at an average price of $26.69, for a total value of $50,017.06. Following the completion of the sale, the chief accounting officer now owns 4,570 shares in the company, valued at approximately $121,973.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 18.10% of the company’s stock.

Analyst Upgrades and Downgrades

JHG has been the subject of several research reports. Credit Suisse Group raised shares of Janus Henderson Group from an “underperform” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $23.00 in a research report on Monday, May 8th. Citigroup increased their price objective on shares of Janus Henderson Group from $25.30 to $26.90 in a research report on Thursday, May 4th. StockNews.com initiated coverage on shares of Janus Henderson Group in a research report on Thursday, March 16th. They set a “hold” rating for the company. Wells Fargo & Company increased their price objective on shares of Janus Henderson Group from $24.00 to $26.00 and gave the stock an “underweight” rating in a research report on Friday, February 3rd. Finally, 51job reaffirmed a “maintains” rating on shares of Janus Henderson Group in a research report on Thursday, May 4th. Four analysts have rated the stock with a sell rating and six have given a hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $23.11.

About Janus Henderson Group

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Janus Henderson Group Plc is a holding company, which engages in the provision of asset management services. It offers investment solutions including equities, quantitative equities, fixed income, multi-asset and alternative asset class strategies. The company was founded on Jan 23, 1998, is headquartered in London, the United Kingdom.