Convergence Investment Partners LLC Increases Stock Position in Janus Henderson Group plc (NYSE:JHG)

Convergence Investment Partners LLC lifted its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 13.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 48,583 shares of the company’s stock after purchasing an additional 5,722 shares during the quarter. Convergence Investment Partners LLC’s holdings in Janus Henderson Group were worth $2,066,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Janus Henderson Group during the fourth quarter worth approximately $159,000. Kestra Investment Management LLC grew its position in shares of Janus Henderson Group by 29.6% during the fourth quarter. Kestra Investment Management LLC now owns 14,322 shares of the company’s stock worth $609,000 after acquiring an additional 3,269 shares during the last quarter. Venturi Wealth Management LLC grew its position in shares of Janus Henderson Group by 24.8% during the fourth quarter. Venturi Wealth Management LLC now owns 4,577 shares of the company’s stock worth $195,000 after acquiring an additional 911 shares during the last quarter. Truist Financial Corp grew its position in shares of Janus Henderson Group by 110.2% during the fourth quarter. Truist Financial Corp now owns 5,426 shares of the company’s stock worth $231,000 after acquiring an additional 2,845 shares during the last quarter. Finally, Principal Securities Inc. grew its position in shares of Janus Henderson Group by 3.0% during the fourth quarter. Principal Securities Inc. now owns 20,736 shares of the company’s stock worth $882,000 after acquiring an additional 609 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

JHG has been the topic of a number of analyst reports. The Goldman Sachs Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and lifted their price objective for the company from $42.00 to $45.00 in a research report on Monday, January 6th. Wells Fargo & Company lifted their price objective on shares of Janus Henderson Group from $43.00 to $46.00 and gave the company an “equal weight” rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a research report on Monday, November 11th. Morgan Stanley lifted their price objective on shares of Janus Henderson Group from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, December 20th. Finally, TD Cowen lifted their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Janus Henderson Group presently has a consensus rating of “Hold” and a consensus price target of $46.75.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $43.87 on Wednesday. Janus Henderson Group plc has a one year low of $30.01 and a one year high of $46.68. The company has a debt-to-equity ratio of 0.08, a quick ratio of 2.08 and a current ratio of 3.08. The business has a fifty day moving average of $43.26 and a two-hundred day moving average of $40.89. The company has a market cap of $6.97 billion, a P/E ratio of 17.13, a price-to-earnings-growth ratio of 0.68 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a return on equity of 12.18% and a net margin of 16.38%. During the same quarter in the prior year, the firm posted $0.82 earnings per share. As a group, analysts predict that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be paid a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 3.56%. The ex-dividend date is Tuesday, February 11th. Janus Henderson Group’s dividend payout ratio (DPR) is presently 60.94%.

About Janus Henderson Group

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.