Convergence Investment Partners LLC Acquires 5,722 Shares of Janus Henderson Group plc (NYSE:JHG)

Convergence Investment Partners LLC raised its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 13.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 48,583 shares of the company's stock after buying an additional 5,722 shares during the period. 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 (SEC).

A number of other hedge funds have also added to or reduced their stakes in JHG. CWM LLC increased its position in Janus Henderson Group by 158.3% during the 3rd quarter. CWM LLC now owns 4,484 shares of the company's stock valued at $171,000 after buying an additional 2,748 shares in the last quarter. Creative Planning grew its position in Janus Henderson Group by 10.7% during the 3rd quarter. Creative Planning now owns 31,568 shares of the company's stock worth $1,202,000 after purchasing an additional 3,044 shares during the last quarter. Blue Trust Inc. increased its stake in Janus Henderson Group by 24.6% during the 3rd quarter. Blue Trust Inc. now owns 2,236 shares of the company's stock valued at $85,000 after purchasing an additional 442 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Janus Henderson Group by 339.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 3,902 shares of the company's stock worth $149,000 after buying an additional 3,014 shares during the last quarter. Finally, Precision Wealth Strategies LLC lifted its stake in shares of Janus Henderson Group by 5.1% during the third quarter. Precision Wealth Strategies LLC now owns 12,143 shares of the company's stock worth $462,000 after buying an additional 593 shares during the period. 87.94% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on JHG. TD Cowen boosted their target price 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. Evercore ISI boosted their price objective on Janus Henderson Group from $40.00 to $43.00 and gave the company an "in-line" rating in a report on Thursday, November 7th. Wells Fargo & Company upped their target price on Janus Henderson Group from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research note on Monday, February 3rd. UBS Group lifted their price target on Janus Henderson Group from $42.00 to $45.00 and gave the company a "neutral" rating in a research report on Monday, February 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the stock a "hold" rating in a research report on Monday, November 11th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.75.

Janus Henderson Group Stock Down 1.9 %

JHG traded down $0.81 on Friday, reaching $41.85. The company's stock had a trading volume of 816,603 shares, compared to its average volume of 939,068. The stock has a market cap of $6.65 billion, a price-to-earnings ratio of 16.35, a price-to-earnings-growth ratio of 0.67 and a beta of 1.50. The business's 50 day moving average is $43.21 and its 200 day moving average is $40.97. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.08 and a quick ratio of 2.08. Janus Henderson Group plc has a 1 year low of $30.35 and a 1 year high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last announced its earnings results on Friday, January 31st. The company reported $1.07 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 previous year, the business earned $0.82 EPS. As a group, research analysts forecast that Janus Henderson Group plc will post 3.75 EPS 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. Shareholders of record on Tuesday, February 11th will be issued a dividend of $0.39 per share. This represents a $1.56 dividend on an annualized basis and a yield of 3.73%. The ex-dividend date of this dividend is Tuesday, February 11th. Janus Henderson Group's dividend payout ratio (DPR) is 60.94%.

Janus Henderson Group 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.