Maltese Capital Management LLC Cuts Holdings in Janus Henderson Group plc $JHG

Maltese Capital Management LLC lowered its stake in Janus Henderson Group plc (NYSE:JHG) by 21.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 90,000 shares of the company’s stock after selling 25,000 shares during the period. Maltese Capital Management LLC owned about 0.06% of Janus Henderson Group worth $4,006,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in JHG. Millennium Management LLC increased its stake in shares of Janus Henderson Group by 20.3% during the third quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after buying an additional 1,154,481 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Janus Henderson Group by 3.2% in the second quarter. Charles Schwab Investment Management Inc. now owns 5,102,005 shares of the company’s stock worth $198,162,000 after acquiring an additional 155,947 shares during the last quarter. AQR Capital Management LLC lifted its stake in Janus Henderson Group by 29.7% in the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock worth $213,649,000 after acquiring an additional 1,099,858 shares during the last quarter. State Street Corp grew its holdings in Janus Henderson Group by 0.6% during the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company’s stock worth $177,812,000 after acquiring an additional 28,114 shares in the last quarter. Finally, Norges Bank purchased a new stake in shares of Janus Henderson Group in the 2nd quarter valued at approximately $86,180,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Analyst Ratings Changes

JHG has been the topic of a number of analyst reports. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Zacks Research raised Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target on the stock. in a research note on Tuesday, December 23rd. Bank of America reaffirmed a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Finally, Morgan Stanley upped their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 17th. Two investment analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Janus Henderson Group has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Insiders Place Their Bets

In other news, CEO Ali Dibadj sold 127,632 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the completion of the sale, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at approximately $22,058,711.36. The trade was a 22.13% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Megan Podzorov sold 1,650 shares of the company’s stock in a transaction dated Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the sale, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. This trade represents a 11.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 146,229 shares of company stock valued at $7,239,650. 20.40% of the stock is currently owned by insiders.

Janus Henderson Group Stock Up 0.8%

Shares of NYSE:JHG opened at $50.52 on Tuesday. The firm has a 50 day simple moving average of $49.16 and a 200-day simple moving average of $46.12. Janus Henderson Group plc has a twelve month low of $28.26 and a twelve month high of $53.76. The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. The company has a market capitalization of $7.78 billion, a PE ratio of 9.60, a P/E/G ratio of 1.43 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Friday, January 30th. The company reported $2.01 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm had revenue of $996.60 million for the quarter, compared to the consensus estimate of $763.09 million. During the same period last year, the firm posted $1.07 EPS. The company’s revenue was up 61.3% on a year-over-year basis. On average, equities analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Janus Henderson Group Company Profile

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.