Freedom Investment Management Inc. Reduces Holdings in Janus Henderson Group plc (NYSE:JHG)

Freedom Investment Management Inc. lowered its position in Janus Henderson Group plc (NYSE:JHG) by 8.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 9,349 shares of the company’s stock after selling 820 shares during the quarter. Freedom Investment Management Inc.’s holdings in Janus Henderson Group were worth $356,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Huntington National Bank increased its stake in shares of Janus Henderson Group by 24.5% in the third quarter. Huntington National Bank now owns 1,219 shares of the company’s stock worth $46,000 after purchasing an additional 240 shares in the last quarter. Miller Howard Investments Inc. NY grew its stake in Janus Henderson Group by 2.4% in the 2nd quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after buying an additional 282 shares in the last quarter. Abich Financial Wealth Management LLC raised its holdings in Janus Henderson Group by 26.5% during the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after acquiring an additional 377 shares during the period. GAMMA Investing LLC lifted its position in shares of Janus Henderson Group by 15.7% during the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $107,000 after acquiring an additional 382 shares in the last quarter. Finally, Graypoint LLC boosted its holdings in shares of Janus Henderson Group by 4.2% in the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock worth $345,000 after acquiring an additional 410 shares during the period. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research note on Monday, November 11th. Wells Fargo & Company increased their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 9th. The Goldman Sachs Group boosted their price objective on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a research note on Thursday, October 3rd. StockNews.com cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Finally, TD Cowen lifted their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research note on Friday, November 1st. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat, Janus Henderson Group has an average rating of “Hold” and an average target price of $41.75.

Janus Henderson Group Stock Performance

Janus Henderson Group stock opened at $45.28 on Friday. Janus Henderson Group plc has a fifty-two week low of $25.86 and a fifty-two week high of $45.74. The company has a debt-to-equity ratio of 0.09, a quick ratio of 2.08 and a current ratio of 3.08. The stock has a market cap of $7.20 billion, a P/E ratio of 17.90, a price-to-earnings-growth ratio of 0.59 and a beta of 1.49. The firm’s fifty day moving average price is $41.46 and its 200-day moving average price is $37.31.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. The business had revenue of $624.80 million for the quarter, compared to the consensus estimate of $600.88 million. During the same quarter last year, the business posted $0.64 earnings per share. The company’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, equities research analysts expect that Janus Henderson Group plc will post 3.43 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th were given a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $1.56 dividend on an annualized basis and a yield of 3.45%. Janus Henderson Group’s payout ratio is 61.66%.

Insiders Place Their Bets

In other Janus Henderson Group news, CFO Roger Mj Thompson sold 9,000 shares of the business’s 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 sale, the chief financial officer now directly owns 139,171 shares of the company’s stock, valued at $4,923,869.98. The trade was a 6.07 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 19.60% of the stock is owned by insiders.

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.