Confluence Wealth Services Inc. Acquires 2,103 Shares of Janus Henderson Group plc (NYSE:JHG)

Confluence Wealth Services Inc. lifted its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 8.7% during the 1st quarter, Holdings Channel.com reports. The firm owned 26,386 shares of the company’s stock after purchasing an additional 2,103 shares during the period. Confluence Wealth Services Inc.’s holdings in Janus Henderson Group were worth $868,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the company. Greenwood Capital Associates LLC lifted its stake in Janus Henderson Group by 0.8% in the fourth quarter. Greenwood Capital Associates LLC now owns 45,635 shares of the company’s stock valued at $1,376,000 after buying an additional 350 shares during the period. EverSource Wealth Advisors LLC lifted its stake in Janus Henderson Group by 39.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock valued at $39,000 after buying an additional 369 shares during the period. Retirement Systems of Alabama lifted its stake in Janus Henderson Group by 0.3% in the fourth quarter. Retirement Systems of Alabama now owns 165,982 shares of the company’s stock valued at $5,004,000 after buying an additional 509 shares during the period. Hexagon Capital Partners LLC lifted its stake in Janus Henderson Group by 72.6% in the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock valued at $36,000 after buying an additional 509 shares during the period. Finally, Arizona State Retirement System raised its position in shares of Janus Henderson Group by 1.4% during the third quarter. Arizona State Retirement System now owns 37,734 shares of the company’s stock worth $974,000 after purchasing an additional 510 shares during the period. Institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, April 23rd. StockNews.com upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Thursday, February 29th. Morgan Stanley raised their price target on Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. TD Cowen initiated coverage on Janus Henderson Group in a research note on Thursday, January 4th. They set a “market perform” rating and a $30.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research note on Tuesday, April 2nd. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and an average price target of $28.83.

Janus Henderson Group Stock Performance

JHG traded down $0.29 during trading on Tuesday, hitting $31.22. The stock had a trading volume of 1,019,106 shares, compared to its average volume of 1,091,397. The company has a 50 day moving average price of $31.75 and a 200-day moving average price of $29.05. The firm has a market cap of $5.03 billion, a price-to-earnings ratio of 13.17, a P/E/G ratio of 1.50 and a beta of 1.52. Janus Henderson Group plc has a one year low of $22.17 and a one year high of $33.25. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, February 1st. The company reported $0.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.26. The business had revenue of $568.50 million during the quarter, compared to the consensus estimate of $520.26 million. Janus Henderson Group had a return on equity of 9.46% and a net margin of 18.39%. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. As a group, research analysts predict that Janus Henderson Group plc will post 2.85 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Monday, February 12th were paid a $0.39 dividend. The ex-dividend date of this dividend was Friday, February 9th. This represents a $1.56 annualized dividend and a yield of 5.00%. Janus Henderson Group’s dividend payout ratio (DPR) is presently 65.82%.

Insider Activity at Janus Henderson Group

In related news, CFO Roger Mj Thompson sold 30,656 shares of the business’s stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $948,190.08. Following the completion of the sale, the chief financial officer now directly owns 126,439 shares in the company, valued at approximately $3,910,758.27. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Janus Henderson Group news, CFO Roger Mj Thompson sold 30,656 shares of Janus Henderson Group stock in a transaction on Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $948,190.08. Following the completion of the transaction, the chief financial officer now directly owns 126,439 shares of the company’s stock, valued at approximately $3,910,758.27. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO James R. Lowry sold 9,754 shares of Janus Henderson Group stock in a transaction on Wednesday, February 28th. The shares were sold at an average price of $30.93, for a total value of $301,691.22. Following the completion of the transaction, the chief operating officer now directly owns 35,265 shares of the company’s stock, valued at $1,090,746.45. The disclosure for this sale can be found here. Insiders sold 70,133 shares of company stock worth $2,172,459 in the last ninety days. 20.00% of the stock is owned by company insiders.

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.