Proficio Capital Partners LLC Takes $997,000 Position in Janus Henderson Group plc (NYSE:JHG)

Proficio Capital Partners LLC purchased a new position in shares of Janus Henderson Group plc (NYSE:JHG - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 23,434 shares of the company's stock, valued at approximately $997,000.

Other large investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. boosted its position in shares of Janus Henderson Group by 3.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,593,441 shares of the company's stock worth $195,359,000 after buying an additional 147,362 shares during the period. Geode Capital Management LLC lifted its position in Janus Henderson Group by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,124,618 shares of the company's stock worth $80,907,000 after acquiring an additional 12,884 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in Janus Henderson Group by 28.9% in the 3rd quarter. Principal Financial Group Inc. now owns 2,081,630 shares of the company's stock worth $79,248,000 after acquiring an additional 467,049 shares during the period. Allianz Asset Management GmbH grew its position in Janus Henderson Group by 32.5% in the fourth quarter. Allianz Asset Management GmbH now owns 1,927,318 shares of the company's stock valued at $81,969,000 after acquiring an additional 473,143 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Janus Henderson Group by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 1,064,556 shares of the company's stock valued at $45,276,000 after purchasing an additional 32,346 shares during the period. 87.94% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

JHG has been the topic of several analyst reports. StockNews.com raised shares of Janus Henderson Group from a "hold" rating to a "buy" rating in a research note on Monday, March 3rd. Morgan Stanley lifted their target price on Janus Henderson Group from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research report on Friday, December 20th. The Goldman Sachs Group upgraded Janus Henderson Group from a "sell" rating to a "neutral" rating and lifted their price objective for the stock from $42.00 to $45.00 in a report on Monday, January 6th. UBS Group upgraded Janus Henderson Group from a "neutral" rating to a "buy" rating and increased their target price for the company from $45.00 to $50.00 in a research note on Monday, February 24th. Finally, Wells Fargo & Company lifted their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Janus Henderson Group currently has an average rating of "Hold" and an average target price of $47.38.

Janus Henderson Group Stock Performance

JHG traded up $0.11 during trading hours on Tuesday, hitting $37.94. 1,163,955 shares of the stock were exchanged, compared to its average volume of 999,341. 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 12 month low of $30.35 and a 12 month high of $46.68. The stock has a 50-day simple moving average of $41.58 and a 200-day simple moving average of $41.51. The stock has a market cap of $5.98 billion, a price-to-earnings ratio of 14.82, a price-to-earnings-growth ratio of 0.66 and a beta of 1.49.

Janus Henderson Group (NYSE:JHG - Get Free Report) last posted its quarterly earnings results on Friday, January 31st. The company reported $1.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 prior year, the company posted $0.82 EPS. Analysts anticipate that Janus Henderson Group plc will post 3.75 earnings per share for the current year.

Janus Henderson Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, February 27th. Stockholders of record on Tuesday, February 11th were issued a dividend of $0.39 per share. This represents a $1.56 annualized dividend and a dividend yield of 4.11%. The ex-dividend date of this dividend was Tuesday, February 11th. Janus Henderson Group's dividend payout ratio (DPR) is presently 60.94%.

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.