Janus Henderson Group (NYSE:JHG) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of Janus Henderson Group plc (NYSE:JHG) saw unusually-high trading volume on Tuesday . Approximately 2,440,579 shares were traded during mid-day trading, an increase of 7% from the previous session’s volume of 2,286,757 shares.The stock last traded at $51.7540 and had previously closed at $50.46.

Wall Street Analyst Weigh In

JHG has been the subject of a number of research reports. Wall Street Zen upgraded Janus Henderson Group from a “hold” rating to a “buy” rating in a report on Saturday, December 20th. TD Cowen cut Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price objective for the company. in a research report on Tuesday, December 23rd. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Evercore dropped their target price on 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. Finally, Zacks Research upgraded Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $47.38.

Janus Henderson Group Stock Up 2.3%

The company has a current ratio of 4.18, a quick ratio of 2.50 and a debt-to-equity ratio of 0.07. The firm’s 50 day simple moving average is $49.16 and its 200-day simple moving average is $46.12. The stock has a market capitalization of $7.95 billion, a price-to-earnings ratio of 9.81, a price-to-earnings-growth ratio of 1.43 and a beta of 1.53.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings data on Friday, January 30th. The company reported $2.01 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.82. The company had revenue of $996.60 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 61.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.07 EPS. Equities analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

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 stock was sold at an average price of $51.24, for a total value of $84,546.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Ali Dibadj sold 127,632 shares of the business’s 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 transaction, the chief executive officer directly owned 449,078 shares in the company, valued at $22,058,711.36. This trade represents a 22.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 146,229 shares of company stock valued at $7,239,650. Insiders own 20.40% of the company’s stock.

Institutional Trading of Janus Henderson Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHG. V Square Quantitative Management LLC acquired a new stake in Janus Henderson Group in the fourth quarter valued at $25,000. Bessemer Group Inc. increased its stake 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 purchasing an additional 342 shares during the last quarter. United Community Bank bought a new stake in shares of Janus Henderson Group in the 3rd quarter valued at about $30,000. Empowered Funds LLC bought a new stake in shares of Janus Henderson Group in the 4th quarter valued at about $33,000. Finally, Quent Capital LLC acquired a new stake in Janus Henderson Group in the 3rd quarter valued at about $36,000. 87.94% of the stock is owned by institutional investors.

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.