Key Points
- Megan Podzorov sold 1,650 shares of Janus Henderson (NYSE:JHG) at an average price of $51.24 for $84,546, reducing her stake by 11.91% to 12,204 shares valued at about $625,333.
- Janus Henderson reported a strong quarter with $2.01 EPS vs. $1.19 expected and revenue of $996.6M (up 61.3% YoY); the stock traded around $50.27 with a market cap of $7.75B and a P/E of 9.56.
- Institutional investors own about 87.94% of the shares, and analyst coverage is mixed but averages a "Moderate Buy" rating with a $47.38 price target.
Janus Henderson Group plc (NYSE:JHG - Get Free Report) insider Megan Podzorov sold 1,650 shares of the company's stock in a transaction on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the sale, the insider owned 12,204 shares in the company, valued at $625,332.96. This represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Janus Henderson Group Trading Down 0.6%
Shares of JHG stock traded down $0.29 during mid-day trading on Thursday, hitting $50.27. 183,646 shares of the company's stock were exchanged, compared to its average volume of 2,282,715. The stock has a market cap of $7.75 billion, a price-to-earnings ratio of 9.56, a PEG ratio of 1.45 and a beta of 1.53. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. The stock has a 50-day simple moving average of $49.00 and a two-hundred day simple moving average of $45.98. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $53.76.
Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.82. The business had revenue of $996.60 million during the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The business's quarterly revenue was up 61.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.07 earnings per share. Equities analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. V Square Quantitative Management LLC acquired a new position in Janus Henderson Group in the 4th quarter worth $25,000. Bessemer Group Inc. lifted its stake in shares of Janus Henderson Group by 134.6% during the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company's stock worth $26,000 after buying an additional 342 shares during the last quarter. United Community Bank bought a new stake in Janus Henderson Group in the 3rd quarter valued at $30,000. Empowered Funds LLC bought a new stake in Janus Henderson Group in the 4th quarter valued at about $33,000. Finally, Larson Financial Group LLC increased its position in shares of Janus Henderson Group by 108.0% in the fourth quarter. Larson Financial Group LLC now owns 782 shares of the company's stock worth $37,000 after purchasing an additional 406 shares during the period. Institutional investors own 87.94% of the company's stock.
Analyst Upgrades and Downgrades
JHG has been the topic of several recent research reports. Morgan Stanley lifted their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an "equal weight" rating in a research report on Wednesday, December 17th. Zacks Research upgraded shares of Janus Henderson Group from a "hold" rating to a "strong-buy" rating in a report on Tuesday, February 10th. TD Cowen cut Janus Henderson Group from a "buy" rating to a "hold" rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 23rd. Wall Street Zen upgraded Janus Henderson Group from a "hold" rating to a "buy" rating in a research report on Saturday, December 20th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Two analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Janus Henderson Group currently has an average rating of "Moderate Buy" and an average price target of $47.38.
Check Out Our Latest Research Report on JHG
About Janus Henderson Group
(
Get Free Report)
Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.
The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
