Merit Financial Group LLC Acquires New Position in Janus Henderson Group plc (NYSE:JHG)

Merit Financial Group LLC acquired a new stake in shares of Janus Henderson Group plc (NYSE:JHG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 9,718 shares of the company’s stock, valued at approximately $413,000.

A number of other large investors also recently bought and sold shares of JHG. Quarry LP raised its position in shares of Janus Henderson Group by 203.6% during the 3rd quarter. Quarry LP now owns 759 shares of the company’s stock valued at $29,000 after acquiring an additional 509 shares in the last quarter. Huntington National Bank increased 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 valued at $46,000 after purchasing an additional 240 shares during the last quarter. Addison Advisors LLC raised its holdings in shares of 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. Farther Finance Advisors LLC lifted its position in shares of Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company’s stock worth $53,000 after buying an additional 575 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its holdings in shares of Janus Henderson Group by 26.5% in the 2nd quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after buying an additional 377 shares during the period. Institutional investors own 87.94% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on JHG shares. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the stock a “hold” rating in a research note on Monday, November 11th. UBS Group increased their price target on Janus Henderson Group from $37.00 to $41.00 and gave the stock a “neutral” rating in a research report on Tuesday, October 22nd. Wells Fargo & Company cut their price target on Janus Henderson Group from $45.00 to $43.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 14th. TD Cowen upped their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group upgraded Janus Henderson Group from a “sell” rating to a “neutral” rating and raised their target price for the company from $42.00 to $45.00 in a research note on Monday, January 6th. Eight equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average target price of $44.75.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $43.54 on Friday. The stock has a market cap of $6.92 billion, a P/E ratio of 17.21, a P/E/G ratio of 0.60 and a beta of 1.50. The firm’s 50-day simple moving average is $43.49 and its 200 day simple moving average is $39.81. Janus Henderson Group plc has a fifty-two week low of $28.52 and a fifty-two week high of $45.74. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.09.

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

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 27th. Shareholders 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 3.58%. Janus Henderson Group’s dividend payout ratio (DPR) is 61.66%.

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.