Janus Henderson Group (NYSE:JHG) Sees Large Volume Increase – Here’s What Happened

Janus Henderson Group plc (NYSE:JHG) saw an uptick in trading volume on Thursday . 2,898,854 shares traded hands during mid-day trading, an increase of 14% from the previous session’s volume of 2,546,327 shares.The stock last traded at $51.9050 and had previously closed at $51.75.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on JHG. Zacks Research downgraded shares of Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a research note on Friday, March 27th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $48.29.

Janus Henderson Group Stock Performance

The firm’s 50 day moving average is $51.69 and its two-hundred day moving average is $49.67. The stock has a market capitalization of $8.00 billion, a PE ratio of 10.22, a P/E/G ratio of 5.76 and a beta of 1.35. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.51 and a current ratio of 3.89.

Janus Henderson Group (NYSE:JHG) last announced its earnings results on Friday, May 8th. The company reported $0.90 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.08). Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business had revenue of $541.60 million for the quarter, compared to analysts’ expectations of $560.37 million. During the same period in the previous year, the company earned $0.79 earnings per share. Janus Henderson Group’s quarterly revenue was up 11.0% on a year-over-year basis. As a group, research analysts predict that Janus Henderson Group plc will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in JHG. Norges Bank acquired a new position in Janus Henderson Group during the 4th quarter worth approximately $117,881,000. AQR Capital Management LLC grew its holdings in Janus Henderson Group by 92.1% during the 2nd quarter. AQR Capital Management LLC now owns 3,700,170 shares of the company’s stock worth $143,715,000 after acquiring an additional 1,773,964 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in Janus Henderson Group during the 4th quarter worth approximately $79,861,000. Millennium Management LLC grew its holdings in Janus Henderson Group by 20.3% during the 3rd quarter. Millennium Management LLC now owns 6,851,082 shares of the company’s stock worth $304,942,000 after acquiring an additional 1,154,481 shares in the last quarter. Finally, Soros Fund Management LLC acquired a new position in Janus Henderson Group during the 4th quarter worth approximately $47,427,000. Institutional investors and hedge funds own 87.94% of the company’s stock.

About Janus Henderson Group

Janus Henderson Group plc is a global asset manager offering a broad range of investment solutions across equities, fixed income, multi-asset and alternative strategies. The firm provides portfolio management services to institutional clients, financial intermediaries and individual investors. Its product lineup includes actively managed mutual funds, separate accounts and exchange-traded funds, designed to meet a variety of risk-return objectives and investment horizons.

The company was formed in May 2017 through the merger of Janus Capital Group and Henderson Group, combining decades of investment expertise in both the U.S.