Principal Financial Group Inc. Buys 467,049 Shares of Janus Henderson Group plc (NYSE:JHG)

Principal Financial Group Inc. increased its position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) by 28.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,081,630 shares of the company's stock after buying an additional 467,049 shares during the period. Principal Financial Group Inc. owned 1.30% of Janus Henderson Group worth $79,248,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of JHG. Versant Capital Management Inc bought a new stake in Janus Henderson Group during the second quarter valued at about $34,000. Larson Financial Group LLC lifted its position in shares of Janus Henderson Group by 401.6% during the 2nd quarter. Larson Financial Group LLC now owns 1,249 shares of the company's stock worth $42,000 after purchasing an additional 1,000 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in Janus Henderson Group by 41.9% during the 1st quarter. Abich Financial Wealth Management LLC now owns 1,420 shares of the company's stock valued at $47,000 after purchasing an additional 419 shares during the period. Farther Finance Advisors LLC grew its holdings in Janus Henderson Group by 70.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,390 shares of the company's stock valued at $53,000 after buying an additional 575 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Janus Henderson Group by 159.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,440 shares of the company's stock worth $82,000 after buying an additional 1,500 shares during the period. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Janus Henderson Group

In other 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 sale, the chief accounting officer now owns 89,048 shares of the company's stock, valued at approximately $3,251,142.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Michelle Rosenberg sold 7,651 shares of the stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $36.51, for a total transaction of $279,338.01. Following the sale, the chief accounting officer now directly owns 89,048 shares in the company, valued at $3,251,142.48. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Roger Mj Thompson sold 9,000 shares of Janus Henderson Group 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 transaction, 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 disclosure for this sale can be found here. Over the last three months, insiders sold 25,651 shares of company stock valued at $918,158. 19.60% of the stock is currently owned by company insiders.

Janus Henderson Group Price Performance

NYSE:JHG traded up $0.39 during mid-day trading on Friday, hitting $44.21. The company's stock had a trading volume of 1,106,715 shares, compared to its average volume of 929,820. The company has a market capitalization of $7.03 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 0.59 and a beta of 1.49. The company has a current ratio of 3.08, a quick ratio of 2.08 and a debt-to-equity ratio of 0.09. Janus Henderson Group plc has a fifty-two week low of $24.04 and a fifty-two week high of $44.85. The stock has a fifty day moving average of $39.02 and a 200-day moving average of $35.99.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.80 by $0.11. The business had revenue of $624.80 million during the quarter, compared to analysts' expectations of $600.88 million. Janus Henderson Group had a return on equity of 11.49% and a net margin of 17.33%. Janus Henderson Group's quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.64 EPS. As a group, equities analysts forecast that Janus Henderson Group plc will post 3.4 EPS for the current fiscal year.

Janus Henderson Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.39 per share. The ex-dividend date of this dividend is Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.53%. Janus Henderson Group's dividend payout ratio is currently 61.66%.

Analyst Upgrades and Downgrades

JHG has been the subject of several research reports. TD Cowen increased their price objective on Janus Henderson Group from $46.00 to $50.00 and gave the company a "buy" rating in a research report on Friday, November 1st. JPMorgan Chase & Co. increased their price target on shares of Janus Henderson Group from $38.00 to $39.00 and gave the company a "neutral" rating in a report on Friday, August 2nd. UBS Group boosted their price objective on shares of Janus Henderson Group from $37.00 to $41.00 and gave the stock a "neutral" rating in a report on Tuesday, October 22nd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Janus Henderson Group from $40.00 to $42.00 and gave the company a "hold" rating in a research note on Friday, November 1st. Finally, Evercore ISI lifted their target price on Janus Henderson Group from $40.00 to $43.00 and gave the stock an "in-line" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $41.50.

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.