Prudential Financial Inc. Has $41.78 Million Stock Holdings in Janus Henderson Group plc $JHG

Prudential Financial Inc. boosted its position in Janus Henderson Group plc (NYSE:JHG) by 13.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,075,780 shares of the company’s stock after acquiring an additional 130,585 shares during the period. Prudential Financial Inc. owned 0.69% of Janus Henderson Group worth $41,783,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its position in Janus Henderson Group by 24.6% during the 1st quarter. Avantax Advisory Services Inc. now owns 7,919 shares of the company’s stock valued at $286,000 after purchasing an additional 1,563 shares during the period. Cetera Investment Advisers raised its stake in shares of Janus Henderson Group by 15.2% during the first quarter. Cetera Investment Advisers now owns 83,039 shares of the company’s stock worth $3,002,000 after buying an additional 10,955 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Janus Henderson Group by 6.1% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 55,595 shares of the company’s stock worth $2,010,000 after buying an additional 3,217 shares during the last quarter. LPL Financial LLC lifted its holdings in Janus Henderson Group by 9.8% in the first quarter. LPL Financial LLC now owns 183,044 shares of the company’s stock valued at $6,617,000 after buying an additional 16,296 shares during the period. Finally, Mackenzie Financial Corp boosted its stake in Janus Henderson Group by 38.5% in the first quarter. Mackenzie Financial Corp now owns 68,841 shares of the company’s stock valued at $2,489,000 after acquiring an additional 19,125 shares during the last quarter. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Price Performance

Shares of JHG stock opened at $43.12 on Tuesday. The company has a quick ratio of 3.91, a current ratio of 4.49 and a debt-to-equity ratio of 0.08. Janus Henderson Group plc has a 12-month low of $28.26 and a 12-month high of $49.42. The firm has a fifty day moving average of $43.71 and a 200-day moving average of $41.67. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 16.21, a price-to-earnings-growth ratio of 0.96 and a beta of 1.59.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, October 30th. The company reported $1.09 EPS 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 business had revenue of $700.40 million for the quarter, compared to the consensus estimate of $695.57 million. During the same quarter last year, the business posted $0.91 EPS. The firm’s revenue was up 12.1% compared to the same quarter last year. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, November 26th. Stockholders of record on Monday, November 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 3.7%. The ex-dividend date is Monday, November 10th. Janus Henderson Group’s payout ratio is 46.92%.

Insider Activity

In related news, CFO Roger Mj Thompson sold 27,491 shares of the stock in a transaction that occurred on Thursday, September 11th. The stock was sold at an average price of $45.26, for a total transaction of $1,244,242.66. Following the completion of the sale, the chief financial officer directly owned 113,097 shares of the company’s stock, valued at approximately $5,118,770.22. This represents a 19.55% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 19.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on JHG shares. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Wednesday, November 19th. TD Cowen raised their price target on Janus Henderson Group from $52.00 to $55.00 and gave the stock a “buy” rating in a research 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 report on Thursday, October 2nd. BMO Capital Markets began coverage on Janus Henderson Group in a research note on Friday, October 3rd. They issued an “outperform” rating and a $52.00 target price on the stock. Finally, Evercore ISI restated a “positive” rating on shares of Janus Henderson Group in a report on Friday, October 31st. Two investment analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $48.11.

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.