Janus Henderson Group plc (NYSE:JHG) Shares Sold by Cresset Asset Management LLC

Cresset Asset Management LLC lessened its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 68.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,560 shares of the company’s stock after selling 38,807 shares during the quarter. Cresset Asset Management LLC’s holdings in Janus Henderson Group were worth $747,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of JHG. UMB Bank n.a. lifted its stake in shares of Janus Henderson Group by 56.5% in the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock worth $33,000 after acquiring an additional 284 shares in the last quarter. Richardson Financial Services Inc. lifted its stake in shares of Janus Henderson Group by 89.4% in the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock worth $33,000 after acquiring an additional 363 shares in the last quarter. Larson Financial Group LLC lifted its stake 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 worth $48,000 after acquiring an additional 288 shares in the last quarter. Bessemer Group Inc. lifted its stake in shares of Janus Henderson Group by 825.2% in the fourth quarter. Bessemer Group Inc. now owns 1,286 shares of the company’s stock worth $55,000 after acquiring an additional 1,147 shares in the last quarter. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Janus Henderson Group by 48.7% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,872 shares of the company’s stock worth $80,000 after acquiring an additional 613 shares in the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on JHG shares. UBS Group upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $45.00 to $50.00 in a research note on Monday, February 24th. JPMorgan Chase & Co. upgraded Janus Henderson Group from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $44.00 to $53.00 in a research note on Wednesday, February 5th. The Goldman Sachs Group cut their price objective on Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a research note on Thursday, April 3rd. Bank of America upgraded Janus Henderson Group from a “neutral” rating to a “buy” rating and cut their price objective for the company from $57.00 to $43.00 in a research note on Thursday, April 3rd. Finally, StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 25th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Janus Henderson Group presently has an average rating of “Hold” and an average target price of $42.78.

Janus Henderson Group Stock Down 0.1%

NYSE:JHG opened at $38.28 on Wednesday. The firm has a market capitalization of $6.03 billion, a PE ratio of 14.95, a price-to-earnings-growth ratio of 0.66 and a beta of 1.46. The stock has a 50 day moving average of $34.45 and a 200-day moving average of $40.19. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $46.68. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.08.

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

Janus Henderson Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, May 29th. Stockholders of record on Monday, May 12th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, May 12th. This is a positive change from Janus Henderson Group’s previous quarterly dividend of $0.39. This represents a $1.60 annualized dividend and a dividend yield of 4.18%. Janus Henderson Group’s dividend payout ratio is 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.