Lazard Asset Management LLC Grows Stake in Janus Henderson Group plc $JHG

Lazard Asset Management LLC grew its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 65.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,981 shares of the company’s stock after purchasing an additional 35,723 shares during the quarter. Lazard Asset Management LLC’s holdings in Janus Henderson Group were worth $4,622,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Norges Bank acquired a new stake in shares of Janus Henderson Group in the fourth quarter valued at about $117,881,000. AQR Capital Management LLC lifted its position in Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after acquiring an additional 1,773,964 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Janus Henderson Group in the 4th quarter worth approximately $79,861,000. Soros Fund Management LLC purchased a new position in Janus Henderson Group in the 4th quarter worth approximately $47,427,000. Finally, Quinn Opportunity Partners LLC acquired a new stake in Janus Henderson Group in the fourth quarter valued at approximately $46,904,000. Hedge funds and other institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on JHG. Zacks Research lowered shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings restated a “buy (b)” rating on shares of Janus Henderson Group in a research note on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $49.40.

Janus Henderson Group Price Performance

Shares of NYSE JHG opened at $51.95 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.51 and a current ratio of 3.89. Janus Henderson Group plc has a 1 year low of $38.67 and a 1 year high of $53.76. The stock’s 50-day simple moving average is $51.89 and its 200-day simple moving average is $50.93. The firm has a market cap of $8.00 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 5.78 and a beta of 1.35.

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