Federated Hermes Inc. Sells 6,608 Shares of Janus Henderson Group plc (NYSE:JHG)

Federated Hermes Inc. trimmed its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 32.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 13,518 shares of the company’s stock after selling 6,608 shares during the period. Federated Hermes Inc.’s holdings in Janus Henderson Group were worth $456,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of JHG. Meeder Advisory Services Inc. raised its position in Janus Henderson Group by 39.1% in the 2nd quarter. Meeder Advisory Services Inc. now owns 10,304 shares of the company’s stock valued at $347,000 after buying an additional 2,895 shares during the last quarter. AdvisorShares Investments LLC bought a new stake in shares of Janus Henderson Group in the second quarter worth $485,000. Choreo LLC bought a new stake in shares of Janus Henderson Group in the second quarter worth $414,000. Acadian Asset Management LLC boosted its holdings in Janus Henderson Group by 94.5% during the second quarter. Acadian Asset Management LLC now owns 2,904 shares of the company’s stock worth $97,000 after purchasing an additional 1,411 shares during the last quarter. Finally, Los Angeles Capital Management LLC bought a new position in Janus Henderson Group in the second quarter valued at $3,639,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have commented on JHG. UBS Group raised shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $33.00 to $37.00 in a research report on Monday, September 9th. StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday, August 16th. Wells Fargo & Company began coverage on Janus Henderson Group in a research note on Thursday, September 12th. They set an “equal weight” rating and a $37.00 price objective on the stock. Deutsche Bank Aktiengesellschaft raised their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. Finally, TD Cowen upped their price target on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $33.33.

Janus Henderson Group Stock Performance

NYSE JHG opened at $38.39 on Tuesday. The stock has a market cap of $6.16 billion, a PE ratio of 14.49, a P/E/G ratio of 0.74 and a beta of 1.51. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.67 and a current ratio of 4.05. The firm has a 50-day moving average of $36.25 and a 200-day moving average of $34.07. Janus Henderson Group plc has a 52-week low of $22.17 and a 52-week high of $39.11.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.74 by $0.11. The company had revenue of $588.40 million during 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 in the previous year, the company posted $0.62 earnings per share. On average, sell-side analysts anticipate that Janus Henderson Group plc will post 3.23 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 28th. Shareholders of record on Monday, August 12th were given a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a yield of 4.06%. The ex-dividend date was Monday, August 12th. Janus Henderson Group’s payout ratio is 58.87%.

Insiders Place Their Bets

In other Janus Henderson Group news, major shareholder Henderson Group Plc Janus purchased 28,326 shares of the stock in a transaction that occurred on Friday, July 5th. The shares were acquired at an average cost of $3.43 per share, with a total value of $97,158.18. Following the completion of the transaction, the insider now owns 1,676,903 shares in the company, valued at $5,751,777.29. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CAO Michelle Rosenberg sold 7,651 shares of the company’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now directly owns 89,048 shares in the company, valued at approximately $3,251,142.48. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Henderson Group Plc Janus bought 28,326 shares of Janus Henderson Group stock in a transaction dated Friday, July 5th. The shares were bought at an average cost of $3.43 per share, for a total transaction of $97,158.18. Following the completion of the acquisition, the insider now owns 1,676,903 shares in the company, valued at approximately $5,751,777.29. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 492,997 shares of company stock worth $1,667,418 and have sold 25,651 shares worth $918,158. Company insiders own 19.60% of the company’s stock.

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.