Millennium Management LLC Grows Stake in Janus Henderson Group plc $JHG

Millennium Management LLC raised its position in shares of Janus Henderson Group plc (NYSE:JHG) by 20.3% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,851,082 shares of the company’s stock after purchasing an additional 1,154,481 shares during the period. Millennium Management LLC owned about 4.44% of Janus Henderson Group worth $304,942,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cibc World Market Inc. grew its position in shares of Janus Henderson Group by 2.9% during the 3rd quarter. Cibc World Market Inc. now owns 8,429 shares of the company’s stock worth $375,000 after buying an additional 234 shares in the last quarter. Addison Advisors LLC raised its holdings in shares of Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock valued at $36,000 after acquiring an additional 243 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Janus Henderson Group by 5.9% in the second quarter. PNC Financial Services Group Inc. now owns 4,931 shares of the company’s stock worth $192,000 after acquiring an additional 274 shares during the period. Integrated Advisors Network LLC lifted its stake in Janus Henderson Group by 4.7% in the third quarter. Integrated Advisors Network LLC now owns 6,918 shares of the company’s stock worth $308,000 after acquiring an additional 308 shares during the period. Finally, Bessemer Group Inc. grew its holdings in 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 in the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, insider Megan Podzorov sold 1,650 shares of the firm’s stock in a transaction that occurred on Tuesday, March 10th. The shares were sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the sale, the insider directly owned 12,204 shares in the company, valued at $625,332.96. This trade represents a 11.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ali Dibadj sold 127,632 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer owned 449,078 shares of the company’s stock, valued at approximately $22,058,711.36. This trade represents a 22.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 146,229 shares of company stock valued at $7,239,650 over the last 90 days. Insiders own 20.40% of the company’s stock.

Janus Henderson Group Stock Performance

Shares of Janus Henderson Group stock opened at $50.52 on Tuesday. The company has a market capitalization of $7.78 billion, a PE ratio of 9.60, a P/E/G ratio of 1.43 and a beta of 1.53. The company has a 50-day simple moving average of $49.16 and a two-hundred day simple moving average of $46.12. Janus Henderson Group plc has a one year low of $28.26 and a one year high of $53.76. 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 (NYSE:JHG) last released its quarterly 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. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The business had revenue of $996.60 million for the quarter, compared to analysts’ expectations of $763.09 million. During the same period last year, the business earned $1.07 EPS. The company’s revenue was up 61.3% compared to the same quarter last year. Research analysts expect that Janus Henderson Group plc will post 3.75 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have commented on JHG shares. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a research report on Monday, December 29th. Evercore dropped their price objective on shares of Janus Henderson Group from $50.00 to $49.00 and set an “in-line” rating on the stock in a research note on Monday, December 22nd. TD Cowen lowered shares of 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. 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 research note on Wednesday, December 17th. Finally, Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $47.38.

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.