Principal Financial Group Inc. Lowers Stock Holdings in Janus Henderson Group plc (NYSE:JHG)

Principal Financial Group Inc. reduced its stake in Janus Henderson Group plc (NYSE:JHG - Free Report) by 8.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,912,348 shares of the company's stock after selling 169,282 shares during the quarter. Principal Financial Group Inc. owned approximately 1.20% of Janus Henderson Group worth $81,332,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Principal Securities Inc. grew its position in Janus Henderson Group by 3.0% in 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 period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Janus Henderson Group during the 4th quarter worth $159,000. Van ECK Associates Corp lifted its position in Janus Henderson Group by 35.2% in the fourth quarter. Van ECK Associates Corp now owns 102,248 shares of the company's stock valued at $4,348,000 after buying an additional 26,603 shares during the last quarter. Summit Trail Advisors LLC purchased a new position in Janus Henderson Group during the fourth quarter worth about $406,000. Finally, Savant Capital LLC increased its position in shares of Janus Henderson Group by 3.1% during the fourth quarter. Savant Capital LLC now owns 15,197 shares of the company's stock valued at $646,000 after acquiring an additional 459 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. The Goldman Sachs Group raised shares of Janus Henderson Group from a "sell" rating to a "neutral" rating and increased their price objective for the stock from $42.00 to $45.00 in a research report on Monday, January 6th. Wells Fargo & Company raised their price target on Janus Henderson Group from $43.00 to $46.00 and gave the stock an "equal weight" rating in a research report on Monday, February 3rd. Deutsche Bank Aktiengesellschaft lifted their price objective on Janus Henderson Group from $42.00 to $44.00 and gave the company a "hold" rating in a research note on Monday, November 11th. JPMorgan Chase & Co. upgraded Janus Henderson Group from a "neutral" rating to an "overweight" rating and raised their target price for the company from $44.00 to $53.00 in a report on Wednesday, February 5th. Finally, TD Cowen lifted their target price 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. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, Janus Henderson Group has an average rating of "Hold" and an average price target of $46.75.

Janus Henderson Group Stock Down 1.9 %

Janus Henderson Group stock traded down $0.81 during trading on Friday, reaching $41.85. The stock had a trading volume of 816,603 shares, compared to its average volume of 959,849. The company has a quick ratio of 2.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.08. The business has a 50 day moving average price of $43.16 and a 200 day moving average price of $41.03. The stock has a market cap of $6.65 billion, a PE ratio of 16.35, a P/E/G ratio of 0.66 and a beta of 1.50. Janus Henderson Group plc has a 52-week low of $30.35 and a 52-week high of $46.68.

Janus Henderson Group (NYSE:JHG - Get Free Report) last issued its earnings results on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.94 by $0.13. Janus Henderson Group had a net margin of 16.38% and a return on equity of 12.18%. During the same period in the previous year, the business posted $0.82 earnings per share. On average, analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 3.73%. The ex-dividend date of this dividend is Tuesday, February 11th. Janus Henderson Group's payout ratio is currently 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.