Fisher Asset Management LLC Sells 438,502 Shares of Janus Henderson Group plc (NYSE:JHG)

Fisher Asset Management LLC lessened its position in shares of Janus Henderson Group plc (NYSE:JHG) by 19.3% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,833,157 shares of the company’s stock after selling 438,502 shares during the period. Fisher Asset Management LLC owned 1.11% of Janus Henderson Group worth $55,270,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Hexagon Capital Partners LLC grew its holdings in Janus Henderson Group by 72.6% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,210 shares of the company’s stock worth $36,000 after acquiring an additional 509 shares during the period. Retirement Systems of Alabama grew its stake in Janus Henderson Group by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 165,982 shares of the company’s stock worth $5,004,000 after purchasing an additional 509 shares during the period. Arizona State Retirement System increased its holdings in Janus Henderson Group by 1.4% in the third quarter. Arizona State Retirement System now owns 37,734 shares of the company’s stock worth $974,000 after purchasing an additional 510 shares in the last quarter. Assetmark Inc. lifted its stake in Janus Henderson Group by 14.8% in the third quarter. Assetmark Inc. now owns 4,406 shares of the company’s stock valued at $114,000 after buying an additional 567 shares during the period. Finally, Olympiad Research LP boosted its holdings in shares of Janus Henderson Group by 10.8% during the 3rd quarter. Olympiad Research LP now owns 10,531 shares of the company’s stock worth $272,000 after buying an additional 1,023 shares in the last quarter. Institutional investors own 87.94% of the company’s stock.

Insider Buying and Selling

In other Janus Henderson Group news, CAO Brennan A. Hughes sold 1,812 shares of the company’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the transaction, the chief accounting officer now owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total transaction of $58,473.24. Following the completion of the transaction, the chief accounting officer now directly owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Georgina Fogo sold 3,029 shares of Janus Henderson Group stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $31.07, for a total transaction of $94,111.03. Following the completion of the sale, the insider now directly owns 124,230 shares in the company, valued at approximately $3,859,826.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 70,133 shares of company stock worth $2,172,459. 19.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on JHG. JPMorgan Chase & Co. lifted their price objective on shares of Janus Henderson Group from $35.00 to $36.00 and gave the company a “neutral” rating in a research note on Friday. UBS Group upped their price objective on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a report on Friday, April 12th. The Goldman Sachs Group increased their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, April 2nd. Morgan Stanley boosted their target price on Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Finally, StockNews.com lowered Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Friday. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $28.93.

Janus Henderson Group Price Performance

JHG opened at $32.55 on Friday. The firm’s fifty day moving average price is $31.77 and its two-hundred day moving average price is $29.08. The company has a market capitalization of $5.25 billion, a price-to-earnings ratio of 12.28, a P/E/G ratio of 1.51 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a current ratio of 3.89 and a quick ratio of 2.76. Janus Henderson Group plc has a 1 year low of $22.17 and a 1 year high of $33.25.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings results on Thursday, May 2nd. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.08. The business had revenue of $551.70 million for the quarter, compared to analysts’ expectations of $547.20 million. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.55 earnings per share. As a group, analysts anticipate that Janus Henderson Group plc will post 2.85 earnings per share for the current fiscal year.

Janus Henderson Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 29th. Stockholders of record on Monday, May 13th will be issued a $0.39 dividend. This represents a $1.56 annualized dividend and a dividend yield of 4.79%. The ex-dividend date of this dividend is Friday, May 10th. Janus Henderson Group’s dividend payout ratio is presently 58.87%.

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.