Goldman Sachs Group Inc. Buys 698,366 Shares of Janus Henderson Group plc $JHG

Goldman Sachs Group Inc. raised its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 51.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,047,357 shares of the company’s stock after acquiring an additional 698,366 shares during the period. Goldman Sachs Group Inc. owned approximately 1.33% of Janus Henderson Group worth $97,393,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Millennium Management LLC lifted its stake in Janus Henderson Group by 20.3% during the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock valued at $304,942,000 after acquiring an additional 1,154,481 shares during the period. AQR Capital Management LLC lifted its stake in 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 valued at $213,649,000 after acquiring an additional 1,099,858 shares during the period. State Street Corp lifted its stake in Janus Henderson Group by 0.6% during the 2nd quarter. State Street Corp now owns 4,578,071 shares of the company’s stock valued at $177,812,000 after acquiring an additional 28,114 shares during the period. Norges Bank bought a new position in shares of Janus Henderson Group in the 4th quarter worth approximately $117,881,000. Finally, Geode Capital Management LLC lifted its stake in shares of Janus Henderson Group by 4.4% in the 4th quarter. Geode Capital Management LLC now owns 2,372,074 shares of the company’s stock worth $112,861,000 after purchasing an additional 100,216 shares during the period. Institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. Zacks Research cut shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $48.29.

Janus Henderson Group Price Performance

Shares of NYSE:JHG opened at $51.85 on Wednesday. The firm’s 50 day moving average price is $51.64 and its 200-day moving average price is $49.29. Janus Henderson Group plc has a twelve month low of $35.76 and a twelve month high of $53.76. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $7.99 billion, a PE ratio of 10.21, a price-to-earnings-growth ratio of 5.76 and a beta of 1.35.

Janus Henderson Group (NYSE:JHG) last issued its quarterly earnings data on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business had revenue of $541.60 million during the quarter, compared to the consensus estimate of $560.37 million. During the same quarter last year, the company earned $0.79 EPS. Janus Henderson Group’s revenue for the quarter was up 11.0% on a year-over-year basis. Equities research analysts expect that Janus Henderson Group plc will post 4.39 EPS for the current year.

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.