Kestra Investment Management LLC Raises Stock Position in Janus Henderson Group plc $JHG

Kestra Investment Management LLC lifted its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 567.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 68,903 shares of the company’s stock after acquiring an additional 58,582 shares during the quarter. Kestra Investment Management LLC’s holdings in Janus Henderson Group were worth $3,278,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of Janus Henderson Group during the fourth quarter worth approximately $25,000. Bessemer Group Inc. increased its position in shares of Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the period. United Community Bank purchased a new position in shares of Janus Henderson Group during the third quarter worth approximately $30,000. Addison Advisors LLC increased its position in shares of Janus Henderson Group by 42.3% during the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after acquiring an additional 243 shares during the period. Finally, Larson Financial Group LLC increased its position in shares of Janus Henderson Group by 108.0% during the fourth quarter. Larson Financial Group LLC now owns 782 shares of the company’s stock worth $37,000 after acquiring an additional 406 shares during the period. 87.94% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research report on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Hold” and an average target price of $48.29.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction that occurred 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 directly owned 12,204 shares in the company, valued at $625,332.96. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CTO William B. Cassidy sold 16,947 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The shares were sold at an average price of $52.27, for a total transaction of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares of the company’s stock, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 21.00% of the stock is owned by company insiders.

Janus Henderson Group Stock Performance

Shares of JHG stock opened at $51.81 on Tuesday. The firm has a market cap of $7.98 billion, a price-to-earnings ratio of 10.20, a PEG ratio of 5.76 and a beta of 1.37. The company’s 50 day moving average is $51.49 and its 200 day moving average is $48.64. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07. Janus Henderson Group plc has a 52-week low of $35.56 and a 52-week high of $53.76.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.08). The business had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a net margin of 24.33% and a return on equity of 14.59%. The business’s quarterly revenue was up 11.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.79 earnings per share. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 4.39 EPS for the current fiscal year.

Janus Henderson Group Profile

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.