Bank of New York Mellon Corp Has $37.61 Million Stock Position in Janus Henderson Group plc (NYSE:JHG)

Posted by Defense World Staff on Aug 24th, 2023

Bank of New York Mellon Corp boosted its stake in shares of Janus Henderson Group plc (NYSE:JHG – Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,411,808 shares of the company’s stock after buying an additional 22,802 shares during the period. Bank of New York Mellon Corp owned approximately 0.85% of Janus Henderson Group worth $37,611,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in shares of Janus Henderson Group by 186.6% in the first quarter. Fifth Third Bancorp now owns 1,516 shares of the company’s stock valued at $40,000 after purchasing an additional 987 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Janus Henderson Group by 20.7% in the fourth quarter. Assetmark Inc. now owns 2,184 shares of the company’s stock valued at $51,000 after purchasing an additional 375 shares during the last quarter. Westpac Banking Corp acquired a new stake in shares of Janus Henderson Group in the first quarter valued at approximately $63,000. Janiczek Wealth Management LLC raised its holdings in shares of Janus Henderson Group by 66.2% in the first quarter. Janiczek Wealth Management LLC now owns 4,755 shares of the company’s stock valued at $126,000 after purchasing an additional 1,894 shares during the last quarter. Finally, Captrust Financial Advisors raised its holdings in shares of Janus Henderson Group by 87.8% in the second quarter. Captrust Financial Advisors now owns 7,405 shares of the company’s stock valued at $174,000 after purchasing an additional 3,462 shares during the last quarter. 84.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Janus Henderson Group

In other news, insider Georgina Fogo sold 5,043 shares of the business’s stock in a transaction dated Monday, July 3rd. The stock was sold at an average price of $27.35, for a total transaction of $137,926.05. Following the sale, the insider now directly owns 123,377 shares in the company, valued at $3,374,360.95. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 18.10% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on JHG. 22nd Century Group reissued a “maintains” rating on shares of Janus Henderson Group in a research note on Thursday, May 4th. 51job reissued a “maintains” rating on shares of Janus Henderson Group in a research note on Thursday, May 4th. StockNews.com began coverage on shares of Janus Henderson Group in a research note on Thursday, August 17th. They issued a “hold” rating for the company. Citigroup raised their target price on shares of Janus Henderson Group from $26.90 to $27.70 in a research note on Monday, July 10th. Finally, JPMorgan Chase & Co. raised their target price on shares of Janus Henderson Group from $26.00 to $27.00 in a research note on Wednesday, July 5th. Two analysts have rated the stock with a sell rating and six have issued a hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $25.09.

Get Our Latest Stock Report on Janus Henderson Group

Janus Henderson Group Stock Up 2.3 %

Shares of NYSE JHG opened at $26.83 on Thursday. The company has a current ratio of 4.52, a quick ratio of 2.99 and a debt-to-equity ratio of 0.07. The company has a market cap of $4.44 billion, a price-to-earnings ratio of 12.71, a PEG ratio of 2.05 and a beta of 1.42. Janus Henderson Group plc has a 12 month low of $19.09 and a 12 month high of $31.30. The stock has a 50-day moving average price of $27.59 and a two-hundred day moving average price of $27.02.

Janus Henderson Group (NYSE:JHG – Get Free Report) last released its quarterly earnings results on Wednesday, August 2nd. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.57 by $0.05. The company had revenue of $516.50 million for the quarter, compared to analysts’ expectations of $518.42 million. Janus Henderson Group had a return on equity of 8.87% and a net margin of 16.85%. The business’s quarterly revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the business posted $0.63 earnings per share. As a group, analysts forecast that Janus Henderson Group plc will post 2.32 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, August 30th. Stockholders of record on Monday, August 14th will be issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 5.82%. The ex-dividend date is Friday, August 11th. Janus Henderson Group’s dividend payout ratio (DPR) is currently 73.93%.

About Janus Henderson Group

(Free Report)

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.