Abich Financial Wealth Management LLC Cuts Position in Janus Henderson Group plc (NYSE:JHG)

Abich Financial Wealth Management LLC reduced its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 62.7% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 671 shares of the company’s stock after selling 1,126 shares during the period. Abich Financial Wealth Management LLC’s holdings in Janus Henderson Group were worth $26,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Versant Capital Management Inc purchased a new stake in Janus Henderson Group during the second quarter worth about $34,000. Larson Financial Group LLC boosted its stake in shares of Janus Henderson Group by 401.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after acquiring an additional 1,000 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Janus Henderson Group by 24.6% in the 3rd quarter. Blue Trust Inc. now owns 2,236 shares of the company’s stock worth $85,000 after acquiring an additional 442 shares during the period. GAMMA Investing LLC increased its stake in Janus Henderson Group by 159.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,440 shares of the company’s stock valued at $82,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Acadian Asset Management LLC increased its stake in Janus Henderson Group by 94.5% in the 2nd quarter. Acadian Asset Management LLC now owns 2,904 shares of the company’s stock valued at $97,000 after purchasing an additional 1,411 shares in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

JHG has been the topic of several research reports. UBS Group upped their target price on Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a report on Tuesday, October 22nd. JPMorgan Chase & Co. increased their price objective on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Friday, August 2nd. TD Cowen raised their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the company a “buy” rating in a report on Monday, July 8th. Evercore ISI upped their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company an “in-line” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company raised their price objective on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 9th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average price target of $38.63.

Insider Activity

In related news, CFO Roger Mj Thompson sold 9,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total value of $318,420.00. Following the sale, the chief financial officer now directly owns 139,171 shares of the company’s stock, valued at approximately $4,923,869.98. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total value of $279,338.01. Following the transaction, the chief accounting officer now directly owns 89,048 shares of the company’s stock, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total value of $318,420.00. Following the completion of the transaction, the chief financial officer now owns 139,171 shares in the company, valued at $4,923,869.98. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,651 shares of company stock valued at $918,158 in the last 90 days. 19.60% of the stock is currently owned by insiders.

Janus Henderson Group Stock Up 1.0 %

Shares of NYSE JHG opened at $41.01 on Wednesday. The firm has a market cap of $6.58 billion, a P/E ratio of 15.48, a price-to-earnings-growth ratio of 0.76 and a beta of 1.50. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05. Janus Henderson Group plc has a 1 year low of $22.75 and a 1 year high of $41.47. The firm’s 50 day moving average price is $38.13 and its 200 day moving average price is $35.38.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.11. The business had revenue of $588.40 million for the quarter, compared to analysts’ expectations of $568.79 million. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The business’s revenue was up 13.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.62 earnings per share. As a group, sell-side analysts anticipate that Janus Henderson Group plc will post 3.26 earnings per share for the current year.

Janus Henderson Group Company 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.