Retirement Systems of Alabama Reduces Stock Position in Janus Henderson Group plc (NYSE:JHG)

Retirement Systems of Alabama decreased its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 2.3% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 154,774 shares of the company’s stock after selling 3,666 shares during the quarter. Retirement Systems of Alabama owned about 0.10% of Janus Henderson Group worth $5,892,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in JHG. Quarry LP increased its stake in shares of Janus Henderson Group by 203.6% in the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock worth $29,000 after acquiring an additional 509 shares during the last quarter. Larson Financial Group LLC increased its position in Janus Henderson Group by 401.6% during the second quarter. Larson Financial Group LLC now owns 1,249 shares of the company’s stock worth $42,000 after purchasing an additional 1,000 shares during the last quarter. Huntington National Bank raised 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 purchasing an additional 240 shares during the period. Addison Advisors LLC raised 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 purchasing an additional 642 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock valued at $53,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on JHG shares. UBS Group lifted their price target on shares of Janus Henderson Group from $37.00 to $41.00 and gave the company a “neutral” rating in a research report on Tuesday, October 22nd. TD Cowen lifted their target price on Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Deutsche Bank Aktiengesellschaft increased their price target on Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a report on Monday, November 11th. Evercore ISI boosted their price objective on shares of Janus Henderson Group from $40.00 to $43.00 and gave the company an “in-line” rating in a report on Thursday, November 7th. Finally, Morgan Stanley increased their target price on shares of Janus Henderson Group from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Friday, October 18th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.63.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $41.59 on Thursday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 2.08. The stock has a market capitalization of $6.61 billion, a price-to-earnings ratio of 16.44, a price-to-earnings-growth ratio of 0.62 and a beta of 1.48. The business has a 50-day moving average of $42.94 and a 200 day moving average of $38.22. Janus Henderson Group plc has a 12 month low of $28.19 and a 12 month high of $45.74.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data 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. The firm had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.64 earnings per share. As a group, sell-side analysts forecast that Janus Henderson Group plc will post 3.43 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 27th. Stockholders of record on Wednesday, November 27th were given a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.75%. The ex-dividend date was Wednesday, November 27th. Janus Henderson Group’s dividend payout ratio is currently 61.66%.

Janus Henderson Group 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.