Bull Harbor Capital LLC Takes Position in Janus Henderson Group plc $JHG

Bull Harbor Capital LLC bought a new position in shares of Janus Henderson Group plc (NYSE:JHG) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 12,183 shares of the company’s stock, valued at approximately $626,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its holdings in Janus Henderson Group by 2.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 5,343,899 shares of the company’s stock valued at $254,209,000 after purchasing an additional 139,229 shares in the last quarter. AQR Capital Management LLC increased its stake in shares of Janus Henderson Group by 29.7% during the third quarter. AQR Capital Management LLC now owns 4,800,028 shares of the company’s stock worth $213,649,000 after purchasing an additional 1,099,858 shares in the last quarter. State Street Corp increased its stake in shares of Janus Henderson Group by 0.6% during the second quarter. State Street Corp now owns 4,578,071 shares of the company’s stock worth $177,812,000 after purchasing an additional 28,114 shares in the last quarter. Norges Bank acquired a new position in shares of Janus Henderson Group during the 4th quarter worth about $117,881,000. Finally, Geode Capital Management LLC raised its position in shares of Janus Henderson Group by 4.4% during the 4th quarter. Geode Capital Management LLC now owns 2,372,074 shares of the company’s stock worth $112,861,000 after purchasing an additional 100,216 shares during the last quarter. Institutional investors and hedge funds own 87.94% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Zacks Research cut Janus Henderson Group from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Weiss Ratings reissued a “buy (b)” rating on shares of Janus Henderson Group in a report on Wednesday, June 24th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $49.40.

Janus Henderson Group Price Performance

Janus Henderson Group stock opened at $51.95 on Friday. Janus Henderson Group plc has a 52-week low of $38.67 and a 52-week high of $53.76. The firm has a market capitalization of $8.00 billion, a price-to-earnings ratio of 10.23, a PEG ratio of 5.78 and a beta of 1.35. The company has a fifty day simple moving average of $51.89 and a 200-day simple moving average of $50.92. The company has a quick ratio of 2.51, a current ratio of 3.89 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last posted its quarterly 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). The business had revenue of $541.60 million during the quarter, compared to analysts’ expectations of $560.37 million. Janus Henderson Group had a return on equity of 14.59% and a net margin of 24.33%.The business’s quarterly revenue was up 11.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.79 earnings per share. On average, equities analysts anticipate that Janus Henderson Group plc will post 4.39 EPS for the current fiscal year.

Janus Henderson Group Profile

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.