Janus Henderson Group plc (NYSE:JHG – Get Free Report) was the recipient of a significant decline in short interest during the month of January. As of January 30th, there was short interest totaling 1,816,491 shares, a decline of 24.3% from the January 15th total of 2,400,499 shares. Based on an average daily volume of 1,183,512 shares, the short-interest ratio is currently 1.5 days. Currently, 1.5% of the shares of the company are short sold. Currently, 1.5% of the shares of the company are short sold. Based on an average daily volume of 1,183,512 shares, the short-interest ratio is currently 1.5 days.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in 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 purchasing an additional 1,154,481 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Janus Henderson Group by 2.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 5,343,899 shares of the company’s stock valued at $254,209,000 after buying an additional 139,229 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of Janus Henderson Group by 29.7% during the 3rd 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 period. State Street Corp boosted its position in shares of 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 acquired a new stake in shares of Janus Henderson Group during the 4th quarter worth approximately $117,881,000. Institutional investors and hedge funds own 87.94% of the company’s stock.
Janus Henderson Group Stock Performance
NYSE JHG traded up $0.48 during trading on Friday, reaching $49.03. The company’s stock had a trading volume of 5,730,193 shares, compared to its average volume of 1,438,848. The firm has a 50 day moving average price of $47.43 and a 200 day moving average price of $45.03. Janus Henderson Group has a 12 month low of $28.26 and a 12 month high of $49.42. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.40 and a beta of 1.54. The company has a current ratio of 4.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.07.
Wall Street Analysts Forecast Growth
A number of analysts have recently issued reports on the stock. 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 price target on the stock. in a report on Tuesday, December 23rd. Bank of America restated a “neutral” rating and set a $49.00 price objective (down previously from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Wall Street Zen raised Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, Evercore dropped their price target 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. Two research analysts have rated the stock with a Strong Buy rating, three have given a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $47.67.
Read Our Latest Stock Report on Janus Henderson Group
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.
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