Wedge Capital Management L L P NC Buys 5,857 Shares of Janus Henderson Group plc (NYSE:JHG)

Wedge Capital Management L L P NC grew its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 16.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 41,145 shares of the company’s stock after acquiring an additional 5,857 shares during the period. Wedge Capital Management L L P NC’s holdings in Janus Henderson Group were worth $1,487,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Savant Capital LLC lifted its stake in shares of Janus Henderson Group by 3.1% during the 4th quarter. Savant Capital LLC now owns 15,197 shares of the company’s stock valued at $646,000 after buying an additional 459 shares in the last quarter. Summit Trail Advisors LLC purchased a new stake in Janus Henderson Group in the 4th quarter worth approximately $406,000. Van ECK Associates Corp lifted its stake in Janus Henderson Group by 35.2% in the 4th quarter. Van ECK Associates Corp now owns 102,248 shares of the company’s stock worth $4,348,000 after purchasing an additional 26,603 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Janus Henderson Group in the 4th quarter worth approximately $159,000. Finally, Principal Securities Inc. lifted its stake in Janus Henderson Group by 3.0% in the 4th quarter. Principal Securities Inc. now owns 20,736 shares of the company’s stock worth $882,000 after purchasing an additional 609 shares in the last quarter. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Stock Performance

JHG opened at $36.90 on Wednesday. The firm has a market cap of $5.81 billion, a P/E ratio of 14.41, a PEG ratio of 0.66 and a beta of 1.42. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $46.68. The company has a 50 day simple moving average of $34.49 and a two-hundred day simple moving average of $39.30. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.08.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Thursday, May 1st. The company reported $0.79 EPS for the quarter, topping the consensus estimate of $0.72 by $0.07. The firm had revenue of $621.40 million for the quarter, compared to the consensus estimate of $623.56 million. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. The company’s quarterly revenue was up 12.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.71 earnings per share. Equities analysts forecast that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $1.60 annualized dividend and a dividend yield of 4.34%. This is an increase from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s dividend payout ratio is currently 63.49%.

Analyst Ratings Changes

Several research firms have issued reports on JHG. Bank of America upgraded shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and lowered their target price for the stock from $57.00 to $43.00 in a research note on Thursday, April 3rd. Wells Fargo & Company lowered their price objective on shares of Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 8th. The Goldman Sachs Group lowered their price objective on shares of Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. UBS Group upgraded shares of Janus Henderson Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $45.00 to $50.00 in a research report on Monday, February 24th. Finally, Cowen restated a “buy” rating on shares of Janus Henderson Group in a research report on Wednesday, May 14th. Six analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $42.78.

Janus Henderson Group Company 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.