Norges Bank Buys New Position in Janus Henderson Group plc $JHG

Norges Bank bought a new stake in Janus Henderson Group plc (NYSE:JHG) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,478,057 shares of the company’s stock, valued at approximately $117,881,000.

Other large investors have also recently bought and sold shares of the company. Royal Bank of Canada lifted its position in shares of Janus Henderson Group by 38.3% in 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 boosted its holdings in Janus Henderson Group by 13.8% during the first quarter. Amundi now owns 4,177 shares of the company’s stock worth $150,000 after purchasing an additional 506 shares during the last quarter. Jones Financial Companies Lllp grew 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 purchasing an additional 8,294 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Janus Henderson Group by 16.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock valued at $46,992,000 after buying an additional 186,218 shares during the last quarter. Finally, Jane Street Group LLC increased its stake in Janus Henderson Group by 1,924.0% in the 1st quarter. Jane Street Group LLC now owns 279,352 shares of the company’s stock valued at $10,099,000 after buying an additional 265,550 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on JHG. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. Zacks Research downgraded Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $48.29.

Insider Buying and Selling at Janus Henderson Group

In other news, insider Megan Podzorov sold 1,650 shares of the stock in a transaction on Tuesday, March 10th. The stock was sold at an average price of $51.24, for a total transaction of $84,546.00. Following the sale, the insider directly owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. This represents a 11.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 21.00% of the company’s stock.

Janus Henderson Group Stock Up 0.0%

NYSE JHG opened at $51.78 on Friday. The company has a current ratio of 3.89, a quick ratio of 2.51 and a debt-to-equity ratio of 0.07. The company has a market cap of $7.98 billion, a price-to-earnings ratio of 10.19, a PEG ratio of 5.76 and a beta of 1.35. The company has a 50 day moving average of $51.61 and a 200-day moving average of $49.09. Janus Henderson Group plc has a 1-year low of $35.76 and a 1-year high of $53.76.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings results on Friday, May 8th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The company had revenue of $541.60 million for the quarter, compared to analyst estimates of $560.37 million. During the same period in the prior year, the company earned $0.79 EPS. The company’s quarterly revenue was up 11.0% compared to the same quarter last year. On average, equities research analysts expect that Janus Henderson Group plc will post 4.39 earnings per share for the current fiscal year.

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.