The Manufacturers Life Insurance Company Sells 1,773 Shares of Janus Henderson Group plc (NYSE:JHG)

The Manufacturers Life Insurance Company reduced its position in Janus Henderson Group plc (NYSE:JHG) by 2.3% during the fourth quarter, HoldingsChannel reports. The fund owned 74,260 shares of the company’s stock after selling 1,773 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Janus Henderson Group were worth $3,158,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the business. US Bancorp DE increased its stake in shares of Janus Henderson Group by 2.3% in the fourth quarter. US Bancorp DE now owns 11,003 shares of the company’s stock worth $468,000 after purchasing an additional 243 shares in the last quarter. Avantax Advisory Services Inc. grew its stake in Janus Henderson Group by 4.4% in the 4th quarter. Avantax Advisory Services Inc. now owns 6,356 shares of the company’s stock valued at $270,000 after buying an additional 270 shares in the last quarter. UMB Bank n.a. grew its stake in Janus Henderson Group by 56.5% in the 4th quarter. UMB Bank n.a. now owns 787 shares of the company’s stock valued at $33,000 after buying an additional 284 shares in the last quarter. Callan Capital LLC boosted its holdings in shares of Janus Henderson Group by 5.3% in the fourth quarter. Callan Capital LLC now owns 5,741 shares of the company’s stock worth $244,000 after acquiring an additional 287 shares during the period. Finally, Larson Financial Group LLC grew its position in shares of Janus Henderson Group by 33.9% in the fourth quarter. Larson Financial Group LLC now owns 1,137 shares of the company’s stock valued at $48,000 after purchasing an additional 288 shares in the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHG has been the topic of a number of recent research reports. StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Evercore ISI raised their price objective on shares of Janus Henderson Group from $33.00 to $35.00 and gave the company an “in-line” rating in a research report on Friday, May 2nd. Morgan Stanley upped their target price on shares of Janus Henderson Group from $32.00 to $33.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and raised their price target for the company from $44.00 to $53.00 in a report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their price objective on Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating for the company in a research note on Tuesday, April 8th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $42.78.

Janus Henderson Group Price Performance

JHG stock opened at $36.35 on Friday. The firm has a market cap of $5.73 billion, a P/E ratio of 14.20, a P/E/G ratio of 0.66 and a beta of 1.46. The firm’s fifty day moving average is $34.48 and its 200 day moving average is $40.20. 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.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $623.56 million. During the same quarter in the previous year, the business earned $0.71 earnings per share. The company’s quarterly revenue was up 12.6% on a year-over-year basis. Research 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 declared a quarterly dividend, which will be paid on Thursday, May 29th. Shareholders of record on Monday, May 12th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This represents a $1.60 annualized dividend and a yield of 4.40%. This is a boost from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s dividend payout ratio is presently 63.49%.

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.