Azora Capital LP Makes New $13.66 Million Investment in Janus Henderson Group plc $JHG

Azora Capital LP purchased a new position in Janus Henderson Group plc (NYSE:JHG) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 306,838 shares of the company’s stock, valued at approximately $13,657,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Bessemer Group Inc. lifted its holdings in shares of Janus Henderson Group by 134.6% during 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 last quarter. United Community Bank bought a new position in Janus Henderson Group in the third quarter valued at $30,000. Quent Capital LLC bought a new position in Janus Henderson Group in the third quarter valued at $36,000. Addison Advisors LLC raised its position in Janus Henderson Group by 42.3% during the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after purchasing an additional 243 shares in the last quarter. Finally, Traub Capital Management LLC purchased a new stake in Janus Henderson Group during the second quarter valued at about $37,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

JHG has been the subject of a number of research reports. Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Morgan Stanley raised their price objective on Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Wednesday, December 17th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Bank of America reaffirmed a “neutral” rating and issued a $49.00 target price (down from $54.00) on shares of Janus Henderson Group in a research note on Monday, January 5th. Finally, Evercore reduced their price target 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. 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. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $47.38.

Janus Henderson Group Stock Down 0.4%

Shares of Janus Henderson Group stock opened at $50.18 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $53.76. The stock has a market capitalization of $7.73 billion, a price-to-earnings ratio of 9.54, a P/E/G ratio of 1.43 and a beta of 1.53. The company’s 50 day moving average price is $49.10 and its 200-day moving average price is $46.07.

Janus Henderson Group (NYSE:JHG) last posted its quarterly 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. The company had revenue of $996.60 million during the quarter, compared to analyst estimates 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 was up 61.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.07 EPS. Equities research analysts forecast that Janus Henderson Group plc will post 3.75 EPS for the current year.

Insider Buying and Selling at Janus Henderson Group

In other news, CEO Ali Dibadj sold 127,632 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were sold at an average price of $49.12, for a total transaction of $6,269,283.84. Following the completion of the transaction, the chief executive officer directly owned 449,078 shares of the company’s stock, valued at approximately $22,058,711.36. This represents a 22.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Megan Podzorov sold 1,650 shares of the stock in a transaction dated 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 owned 12,204 shares of the company’s stock, valued at approximately $625,332.96. This represents a 11.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 146,229 shares of company stock worth $7,239,650. 19.60% of the stock is currently owned by company insiders.

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.