Principal Financial Group Inc. Reduces Stake in Janus Henderson Group plc (NYSE:JHG)

Principal Financial Group Inc. cut its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 8.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,912,348 shares of the company’s stock after selling 169,282 shares during the period. Principal Financial Group Inc. owned 1.20% of Janus Henderson Group worth $81,332,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Janus Henderson Group by 350.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,062,869 shares of the company’s stock worth $40,463,000 after purchasing an additional 827,132 shares in the last quarter. National Bank of Canada FI purchased a new position in shares of Janus Henderson Group during the third quarter valued at about $8,029,000. Mutual of America Capital Management LLC raised its stake in Janus Henderson Group by 210.6% in the third quarter. Mutual of America Capital Management LLC now owns 228,276 shares of the company’s stock worth $8,690,000 after buying an additional 154,778 shares in the last quarter. Intech Investment Management LLC purchased a new stake in Janus Henderson Group in the third quarter worth about $3,971,000. Finally, Algert Global LLC boosted its position in Janus Henderson Group by 96.6% during the 3rd quarter. Algert Global LLC now owns 154,335 shares of the company’s stock valued at $5,876,000 after acquiring an additional 75,840 shares in the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on JHG. Wells Fargo & Company raised their target price on Janus Henderson Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a research note on Monday, February 3rd. The Goldman Sachs Group raised Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their price objective for the company from $42.00 to $45.00 in a research report on Monday, January 6th. Deutsche Bank Aktiengesellschaft upped their target price 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. JPMorgan Chase & Co. raised shares of Janus Henderson Group from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $44.00 to $53.00 in a research report on Wednesday, February 5th. Finally, Evercore ISI upped their price objective on shares of Janus Henderson Group from $40.00 to $43.00 and gave the stock an “in-line” rating in a report on Thursday, November 7th. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus price target of $46.75.

Janus Henderson Group Trading Down 0.7 %

Shares of NYSE JHG opened at $43.54 on Thursday. The company has a market cap of $6.92 billion, a PE ratio of 17.01, a P/E/G ratio of 0.68 and a beta of 1.50. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The firm’s 50 day moving average price is $43.26 and its 200-day moving average price is $40.94. Janus Henderson Group plc has a 52-week low of $30.01 and a 52-week high of $46.68.

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

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 27th. Shareholders of record on Tuesday, February 11th will be given a $0.39 dividend. This represents a $1.56 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date is Tuesday, February 11th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 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.