Guinness Asset Management LTD Takes $749,000 Position in Janus Henderson Group plc $JHG

Guinness Asset Management LTD acquired a new position in Janus Henderson Group plc (NYSE:JHG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 16,704 shares of the company’s stock, valued at approximately $749,000.

Several other large investors have also modified their holdings of the company. Bessemer Group Inc. raised its holdings in Janus Henderson Group by 134.6% in the 3rd quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares during the period. United Community Bank bought a new stake in Janus Henderson Group during the third quarter valued at about $30,000. Quent Capital LLC acquired a new stake in shares of Janus Henderson Group in the third quarter valued at about $36,000. Traub Capital Management LLC bought a new position in shares of Janus Henderson Group in the second quarter worth about $37,000. Finally, True Wealth Design LLC increased its stake in shares of Janus Henderson Group by 1,019.4% in the third quarter. True Wealth Design LLC now owns 1,556 shares of the company’s stock worth $69,000 after purchasing an additional 1,417 shares during the period. 87.94% of the stock is owned by institutional investors.

Janus Henderson Group Trading Up 0.1%

Shares of Janus Henderson Group stock opened at $48.19 on Friday. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $49.42. The firm has a market capitalization of $7.44 billion, a PE ratio of 9.16, a price-to-earnings-growth ratio of 0.79 and a beta of 1.54. 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’s fifty day moving average price is $46.90 and its two-hundred day moving average price is $44.77.

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

Wall Street Analyst Weigh In

JHG has been the subject of several recent analyst reports. Evercore ISI decreased their target price on Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating for the company in a research note on Monday, December 22nd. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Monday, December 29th. TD Cowen cut shares of Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 target price for the company. in a research note on Tuesday, December 23rd. Bank of America reissued a “neutral” rating and issued a $49.00 price target (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 report on Saturday, December 20th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Janus Henderson Group presently has an average rating of “Hold” and a consensus target price of $47.67.

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.