Convergence Investment Partners LLC Increases Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Convergence Investment Partners LLC lifted its position in Janus Henderson Group plc (NYSE:JHG) by 13.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,583 shares of the company’s stock after purchasing an additional 5,722 shares during the quarter. Convergence Investment Partners LLC’s holdings in Janus Henderson Group were worth $2,066,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. Quarry LP boosted its stake in Janus Henderson Group by 203.6% during the third quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after buying an additional 509 shares during the period. Richardson Financial Services Inc. boosted its stake in Janus Henderson Group by 89.4% during the fourth quarter. Richardson Financial Services Inc. now owns 769 shares of the company’s stock worth $33,000 after buying an additional 363 shares during the period. UMB Bank n.a. boosted its stake in Janus Henderson Group by 56.5% during the fourth quarter. UMB Bank n.a. now owns 787 shares of the company’s stock worth $33,000 after buying an additional 284 shares during the period. Huntington National Bank boosted its stake in Janus Henderson Group by 24.5% during the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock worth $46,000 after buying an additional 240 shares during the period. Finally, Addison Advisors LLC boosted its stake in Janus Henderson Group by 103.4% during the third quarter. Addison Advisors LLC now owns 1,263 shares of the company’s stock worth $48,000 after buying an additional 642 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on JHG shares. Evercore ISI increased their price target on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a research report on Thursday, November 7th. Morgan Stanley increased their price target on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Friday, December 20th. UBS Group increased their price target on shares of Janus Henderson Group from $42.00 to $45.00 and gave the stock a “neutral” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft increased their price target on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research report on Monday, November 11th. Finally, Wells Fargo & Company increased their price target on shares of Janus Henderson Group from $43.00 to $46.00 and gave the stock an “equal weight” rating in a research report on Monday, February 3rd. Seven investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.75.

Janus Henderson Group Stock Down 0.5 %

Shares of NYSE:JHG opened at $43.87 on Wednesday. The firm’s 50 day moving average price is $43.26 and its 200 day moving average price is $40.89. The stock has a market cap of $6.97 billion, a price-to-earnings ratio of 17.13, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50. Janus Henderson Group plc has a fifty-two week low of $30.01 and a fifty-two week high of $46.68. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08.

Janus Henderson Group (NYSE:JHG) last issued its earnings results on Friday, January 31st. The company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period in the previous year, the business earned $0.82 EPS. As a group, equities research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be paid a $0.39 dividend. The ex-dividend date is Tuesday, February 11th. This represents a $1.56 annualized dividend and a yield of 3.56%. Janus Henderson Group’s dividend payout ratio is currently 60.94%.

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.