OLD National Bancorp IN Decreases Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

OLD National Bancorp IN decreased its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 34.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 70,520 shares of the company’s stock after selling 37,854 shares during the quarter. OLD National Bancorp IN’s holdings in Janus Henderson Group were worth $2,549,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. US Bancorp DE raised its stake in Janus Henderson Group by 2.3% during the fourth quarter. US Bancorp DE now owns 11,003 shares of the company’s stock valued at $468,000 after purchasing an additional 243 shares in the last quarter. Avantax Advisory Services Inc. raised its stake in Janus Henderson Group by 4.4% during the fourth quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company’s stock valued at $270,000 after purchasing an additional 270 shares in the last quarter. Callan Capital LLC lifted its stake in shares of Janus Henderson Group by 5.3% in the 4th quarter. Callan Capital LLC now owns 5,741 shares of the company’s stock valued at $244,000 after purchasing an additional 287 shares during the last quarter. Larson Financial Group LLC boosted its holdings in shares of Janus Henderson Group by 33.9% in the 4th quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock worth $48,000 after purchasing an additional 288 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in shares of Janus Henderson Group by 4.0% in the 4th quarter. Wells Fargo & Company MN now owns 8,755 shares of the company’s stock worth $372,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Price Performance

Shares of JHG stock opened at $36.78 on Monday. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The firm has a market capitalization of $5.79 billion, a P/E ratio of 14.37, a P/E/G ratio of 0.66 and a beta of 1.42. The stock has a 50 day moving average price of $34.40 and a 200 day moving average price of $39.37.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Thursday, May 1st. The company reported $0.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. The firm had revenue of $621.40 million during the quarter, compared to analyst estimates of $623.56 million. During the same period last year, the company earned $0.71 EPS. Janus Henderson Group’s quarterly revenue was up 12.6% compared to the same quarter last year. As a group, sell-side analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Shareholders of record on Monday, May 12th were given a dividend of $0.40 per share. The ex-dividend date was Monday, May 12th. This is a positive change from Janus Henderson Group’s previous quarterly dividend of $0.39. This represents a $1.60 dividend on an annualized basis and a yield of 4.35%. Janus Henderson Group’s payout ratio is 63.49%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the company. Cowen reiterated a “buy” rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Evercore ISI lifted their target price on Janus Henderson Group from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. UBS Group upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $45.00 to $50.00 in a report on Monday, February 24th. Wall Street Zen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Finally, Wells Fargo & Company dropped their target price on Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.78.

Janus Henderson Group 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.