State of New Jersey Common Pension Fund D Raises Position in Janus Henderson Group plc $JHG

State of New Jersey Common Pension Fund D lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 12.5% in the 2nd quarter, HoldingsChannel reports. The firm owned 51,545 shares of the company’s stock after buying an additional 5,747 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Janus Henderson Group were worth $2,002,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of JHG. Brooklyn Investment Group lifted its holdings in shares of Janus Henderson Group by 182.2% during the 1st quarter. Brooklyn Investment Group now owns 920 shares of the company’s stock worth $33,000 after acquiring an additional 594 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Janus Henderson Group by 87.9% during the 1st quarter. Allworth Financial LP now owns 1,462 shares of the company’s stock worth $48,000 after acquiring an additional 684 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Janus Henderson Group by 40.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,167 shares of the company’s stock worth $84,000 after acquiring an additional 621 shares during the last quarter. UMB Bank n.a. lifted its holdings in shares of Janus Henderson Group by 86.3% during the 2nd quarter. UMB Bank n.a. now owns 2,183 shares of the company’s stock worth $85,000 after acquiring an additional 1,011 shares during the last quarter. Finally, Wealthquest Corp bought a new stake in shares of Janus Henderson Group during the 1st quarter worth $115,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $43.04 on Friday. The firm has a market capitalization of $6.71 billion, a price-to-earnings ratio of 16.18, a price-to-earnings-growth ratio of 0.96 and a beta of 1.54. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.49 and a quick ratio of 3.91. The business has a fifty day moving average of $44.14 and a 200 day moving average of $40.33. Janus Henderson Group plc has a 1 year low of $28.26 and a 1 year high of $49.42.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, October 30th. The company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $0.94 by $0.15. 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 period last year, the firm earned $0.91 EPS. The company’s quarterly revenue was up 12.1% on a year-over-year basis. As a group, research analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 26th. Shareholders of record on Monday, November 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, November 10th. This represents a $1.60 dividend on an annualized basis and a yield of 3.7%. Janus Henderson Group’s payout ratio is presently 60.15%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on JHG shares. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 11th. Zacks Research upgraded shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. BMO Capital Markets initiated coverage on shares of Janus Henderson Group in a research report on Friday, October 3rd. They set an “outperform” rating and a $52.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on shares of Janus Henderson Group from $44.00 to $47.00 and gave the company an “overweight” rating in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company boosted their price target on shares of Janus Henderson Group from $37.00 to $44.00 and gave the company an “equal weight” rating in a research report on Friday, July 11th. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Janus Henderson Group has an average rating of “Moderate Buy” and a consensus target price of $47.00.

Insider Buying and Selling

In related news, CFO Roger Mj Thompson sold 27,491 shares of the business’s stock in a transaction on Thursday, September 11th. The shares were sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the transaction, the chief financial officer owned 113,097 shares in the company, valued at approximately $5,118,770.22. The trade was a 19.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Georgina Fogo sold 69,000 shares of the stock in a transaction on Monday, August 4th. The shares were sold at an average price of $43.07, for a total transaction of $2,971,830.00. Following the completion of the transaction, the insider directly owned 58,057 shares in the company, valued at $2,500,514.99. This trade represents a 54.31% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 19.60% of the stock is owned by insiders.

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.