Illinois Municipal Retirement Fund Reduces Stake in Janus Henderson Group plc $JHG

Illinois Municipal Retirement Fund lessened its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 32.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 33,126 shares of the company’s stock after selling 16,149 shares during the period. Illinois Municipal Retirement Fund’s holdings in Janus Henderson Group were worth $1,474,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in JHG. Royal Bank of Canada raised its holdings in Janus Henderson Group by 38.3% during the first quarter. Royal Bank of Canada now owns 115,135 shares of the company’s stock worth $4,163,000 after purchasing an additional 31,889 shares in the last quarter. Amundi raised its stake in Janus Henderson Group by 13.8% during the 1st quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after acquiring an additional 506 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Janus Henderson Group by 1,538.8% in the first quarter. Jones Financial Companies Lllp now owns 8,833 shares of the company’s stock valued at $319,000 after acquiring an additional 8,294 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of Janus Henderson Group by 16.7% during the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after purchasing an additional 186,218 shares during the last quarter. Finally, Jane Street Group LLC grew its holdings in shares of Janus Henderson Group by 1,924.0% during the first quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock worth $10,099,000 after purchasing an additional 265,550 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on JHG shares. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research report on Tuesday, December 23rd. Morgan Stanley boosted their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 17th. Evercore decreased their price objective on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a report on Monday, December 22nd. Bank of America reaffirmed a “neutral” rating and issued a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Finally, Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research note on Saturday, December 20th. Two analysts have rated the stock with a Strong Buy rating, three have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.67.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $49.58 on Wednesday. The stock has a fifty day moving average price of $47.62 and a 200 day moving average price of $45.13. Janus Henderson Group plc has a 1-year low of $28.26 and a 1-year high of $49.68. The company has a debt-to-equity ratio of 0.07, a current ratio of 4.02 and a quick ratio of 2.15. The company has a market cap of $7.66 billion, a PE ratio of 9.43, a P/E/G ratio of 1.40 and a beta of 1.54.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Friday, January 30th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. The company had revenue of $996.60 million during the quarter, compared to the consensus estimate of $763.09 million. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. Janus Henderson Group’s quarterly revenue was up 61.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. Sell-side analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Ali Dibadj sold 127,632 shares of the stock in a transaction that occurred on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the transaction, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at approximately $22,058,711.36. This represents a 22.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 19.60% of the company’s stock.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.