Handelsbanken Fonder AB Increases Position in Janus Henderson Group plc $JHG

Handelsbanken Fonder AB boosted its position in Janus Henderson Group plc (NYSE:JHG) by 67.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 53,713 shares of the company’s stock after acquiring an additional 21,700 shares during the quarter. Handelsbanken Fonder AB’s holdings in Janus Henderson Group were worth $2,391,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in JHG. Norges Bank purchased a new position in shares of Janus Henderson Group in the 2nd quarter worth about $86,180,000. AQR Capital Management LLC lifted its position in Janus Henderson Group by 92.1% in the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after buying an additional 1,773,964 shares during the last quarter. Jane Street Group LLC lifted its position 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 worth $10,099,000 after buying an additional 265,550 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Janus Henderson Group by 16.7% in the first quarter. Goldman Sachs Group Inc. now owns 1,299,921 shares of the company’s stock worth $46,992,000 after buying an additional 186,218 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in Janus Henderson Group by 28.7% during the third quarter. JPMorgan Chase & Co. now owns 754,201 shares of the company’s stock valued at $33,569,000 after acquiring an additional 168,241 shares during the last quarter. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley boosted their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 17th. Evercore decreased their target price on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research report on Monday, December 22nd. 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 research note on Monday, January 5th. Wall Street Zen upgraded shares of Janus Henderson Group from a “hold” rating to a “buy” rating in a research report on Saturday, December 20th. Finally, TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective on the stock. in a report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $47.38.

Insider Activity

In other Janus Henderson Group news, CTO William B. Cassidy sold 16,947 shares of the stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of $52.27, for a total value of $885,819.69. Following the completion of the sale, the chief technology officer owned 118,939 shares in the company, valued at approximately $6,216,941.53. This trade represents a 12.47% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Ali Dibadj sold 127,632 shares of Janus Henderson Group stock in a transaction that occurred on 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 owned 449,078 shares in the company, valued at approximately $22,058,711.36. This represents a 22.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 20.40% of the stock is owned by company insiders.

Janus Henderson Group Trading Down 0.9%

NYSE:JHG opened at $51.63 on Wednesday. The firm has a market capitalization of $7.95 billion, a P/E ratio of 9.81, a P/E/G ratio of 1.49 and a beta of 1.53. The company has a quick ratio of 2.50, a current ratio of 4.18 and a debt-to-equity ratio of 0.07. The company has a fifty day moving average of $48.57 and a 200 day moving average of $45.65. Janus Henderson Group plc has a 52 week low of $28.26 and a 52 week high of $53.76.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Friday, January 30th. The company reported $2.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. The firm 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 company’s revenue for the quarter was up 61.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.07 earnings per share. On average, research analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group 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.