Hennion & Walsh Asset Management Inc. Sells 3,119 Shares of Janus Henderson Group plc (NYSE:JHG)

Hennion & Walsh Asset Management Inc. trimmed its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 5.4% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 54,224 shares of the company’s stock after selling 3,119 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Janus Henderson Group were worth $1,783,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Hexagon Capital Partners LLC lifted its position in Janus Henderson Group by 72.6% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after purchasing an additional 509 shares during the period. Neo Ivy Capital Management bought a new stake in shares of Janus Henderson Group during the 3rd quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Janus Henderson Group by 39.7% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,299 shares of the company’s stock worth $39,000 after acquiring an additional 369 shares in the last quarter. Headlands Technologies LLC bought a new position in Janus Henderson Group in the fourth quarter valued at approximately $52,000. Finally, Assetmark Inc. raised its position in Janus Henderson Group by 18.2% during the fourth quarter. Assetmark Inc. now owns 5,208 shares of the company’s stock valued at $157,000 after purchasing an additional 802 shares in the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on JHG. JPMorgan Chase & Co. lifted their price target on Janus Henderson Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday, May 3rd. Morgan Stanley increased their target price on shares of Janus Henderson Group from $30.00 to $33.00 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. UBS Group lifted their price target on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a report on Friday, April 12th. The Goldman Sachs Group increased their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the company a “sell” rating in a research note on Tuesday, April 2nd. Finally, TD Cowen raised shares of Janus Henderson Group from a “hold” rating to a “buy” rating and boosted their target price for the stock from $34.00 to $37.00 in a research note on Wednesday, May 15th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Janus Henderson Group presently has an average rating of “Hold” and an average price target of $30.37.

Janus Henderson Group Price Performance

JHG stock opened at $33.71 on Friday. The company has a market capitalization of $5.41 billion, a P/E ratio of 12.72, a PEG ratio of 0.98 and a beta of 1.50. The company has a fifty day moving average price of $33.10 and a 200-day moving average price of $31.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.64 and a current ratio of 3.92. Janus Henderson Group plc has a 52-week low of $22.17 and a 52-week high of $34.96.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The business had revenue of $551.70 million during the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a return on equity of 10.02% and a net margin of 19.89%. Janus Henderson Group’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.55 earnings per share. As a group, equities analysts expect that Janus Henderson Group plc will post 2.98 EPS for the current year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 29th. Investors of record on Monday, May 13th were issued a $0.39 dividend. The ex-dividend date was Friday, May 10th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 4.63%. Janus Henderson Group’s dividend payout ratio is presently 58.87%.

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.