Janus Henderson Group (NYSE:JHG) Hits New 52-Week High Following Dividend Announcement

Janus Henderson Group plc (NYSE:JHG) hit a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as $41.59 and last traded at $41.05, with a volume of 144454 shares traded. The stock had previously closed at $41.01.

The newly announced dividend which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.78%. Janus Henderson Group’s dividend payout ratio (DPR) is 53.42%.

Analyst Ratings Changes

Several brokerages have weighed in on JHG. Morgan Stanley raised their price target on Janus Henderson Group from $39.00 to $42.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. The Goldman Sachs Group lifted their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft upped their price target on shares of Janus Henderson Group from $36.00 to $37.00 and gave the company a “hold” rating in a research note on Thursday, August 15th. JPMorgan Chase & Co. lifted their price objective on shares of Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Finally, StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $38.63.

Janus Henderson Group Price Performance

The firm has a 50-day simple moving average of $38.31 and a two-hundred day simple moving average of $35.46. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 14.15, a P/E/G ratio of 0.79 and a beta of 1.50. The company has a current ratio of 4.05, a quick ratio of 2.67 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last posted its earnings results on Thursday, October 31st. The company reported $0.91 EPS for the quarter, topping the consensus estimate of $0.80 by $0.11. Janus Henderson Group had a return on equity of 10.76% and a net margin of 21.02%. The firm had revenue of $624.80 million for the quarter, compared to analyst estimates of $600.88 million. During the same period last year, the company earned $0.64 earnings per share. Janus Henderson Group’s revenue for the quarter was up 19.9% compared to the same quarter last year. As a group, analysts predict that Janus Henderson Group plc will post 3.28 earnings per share for the current fiscal year.

Insider Activity at Janus Henderson Group

In other Janus Henderson Group news, CAO Michelle Rosenberg sold 7,651 shares of the company’s stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total value of $279,338.01. Following the completion of the transaction, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares of the company’s stock, valued at approximately $4,634,087.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction dated Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the completion of the sale, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 25,651 shares of company stock worth $918,158 in the last three months. Company insiders own 19.60% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its stake in Janus Henderson Group by 28.9% during the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company’s stock worth $79,248,000 after buying an additional 467,049 shares in the last quarter. Foster & Motley Inc. acquired a new stake in shares of Janus Henderson Group in the third quarter worth approximately $306,000. QRG Capital Management Inc. increased its position in shares of Janus Henderson Group by 2.8% during the third quarter. QRG Capital Management Inc. now owns 27,487 shares of the company’s stock worth $1,046,000 after purchasing an additional 738 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its stake in Janus Henderson Group by 34.6% in the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 156,129 shares of the company’s stock valued at $5,944,000 after purchasing an additional 40,139 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in Janus Henderson Group by 38.2% in the 3rd quarter. Van ECK Associates Corp now owns 75,645 shares of the company’s stock valued at $2,975,000 after purchasing an additional 20,915 shares in the last quarter. 87.94% of the stock is owned by hedge funds and other institutional investors.

Janus Henderson Group Company Profile

Janus Henderson Group plc is an asset management holding entity. Through its subsidiaries, the firm provides services to institutional, retail clients, and high net worth clients. It manages separate client-focused equity and fixed income portfolios. The firm also manages equity, fixed income, and balanced mutual funds for its clients.