Envestnet Asset Management Inc. Has $9.33 Million Stock Position in Janus Henderson Group plc $JHG

Envestnet Asset Management Inc. lessened its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 25.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 240,125 shares of the company’s stock after selling 79,968 shares during the period. Envestnet Asset Management Inc.’s holdings in Janus Henderson Group were worth $9,326,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Louisiana State Employees Retirement System increased its position in shares of Janus Henderson Group by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 35,600 shares of the company’s stock worth $1,287,000 after purchasing an additional 300 shares during the last quarter. Arete Wealth Advisors LLC increased its holdings in Janus Henderson Group by 2.4% during the first quarter. Arete Wealth Advisors LLC now owns 12,954 shares of the company’s stock worth $468,000 after buying an additional 309 shares during the last quarter. Mubadala Investment Co PJSC raised its position in Janus Henderson Group by 0.6% during the first quarter. Mubadala Investment Co PJSC now owns 56,807 shares of the company’s stock worth $2,054,000 after acquiring an additional 324 shares in the last quarter. Parallel Advisors LLC raised its position in Janus Henderson Group by 3.5% during the second quarter. Parallel Advisors LLC now owns 10,672 shares of the company’s stock worth $414,000 after acquiring an additional 364 shares in the last quarter. Finally, Sylvest Advisors LLC lifted its stake in Janus Henderson Group by 3.1% in the second quarter. Sylvest Advisors LLC now owns 12,099 shares of the company’s stock valued at $470,000 after acquiring an additional 364 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors.

Janus Henderson Group Stock Performance

NYSE:JHG opened at $43.94 on Monday. The stock has a 50 day simple moving average of $44.03 and a 200 day simple moving average of $40.99. The stock has a market cap of $6.79 billion, a P/E ratio of 16.52, a PEG ratio of 0.96 and a beta of 1.59. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $49.42. The company has a current ratio of 4.49, a quick ratio of 3.91 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, October 30th. The company reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.01 by $0.08. Janus Henderson Group had a return on equity of 12.01% and a net margin of 16.06%.The firm had revenue of $700.40 million for the quarter, compared to analysts’ expectations of $695.57 million. During the same quarter last year, the business earned $0.91 EPS. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. Research analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 26th. Investors of record on Monday, November 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, November 10th. Janus Henderson Group’s dividend payout ratio (DPR) is currently 46.92%.

Insiders Place Their Bets

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction dated Thursday, September 11th. The shares were sold at an average price of $45.26, for a total value of $1,244,242.66. Following the completion of the sale, the chief financial officer owned 113,097 shares of the company’s stock, valued at $5,118,770.22. The trade was a 19.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Janus Henderson Group from $52.00 to $55.00 and gave the company a “buy” rating in a report on Friday, October 31st. Bank of America upped their price objective on Janus Henderson Group from $49.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, October 2nd. JPMorgan Chase & Co. raised their price objective on Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Morgan Stanley reissued a “positive” rating on shares of Janus Henderson Group in a report on Monday, October 6th. Finally, BMO Capital Markets started coverage on Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 price target on the stock. Two research analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $47.70.

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.