Intech Investment Management LLC Sells 86,093 Shares of Janus Henderson Group plc $JHG

Intech Investment Management LLC decreased its holdings in shares of Janus Henderson Group plc (NYSE:JHG) by 70.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 36,151 shares of the company’s stock after selling 86,093 shares during the period. Intech Investment Management LLC’s holdings in Janus Henderson Group were worth $1,609,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Bessemer Group Inc. increased its position in shares of Janus Henderson Group by 134.6% during the third quarter. Bessemer Group Inc. now owns 596 shares of the company’s stock worth $26,000 after acquiring an additional 342 shares in the last quarter. United Community Bank acquired a new position in Janus Henderson Group during the 3rd quarter valued at about $30,000. Quent Capital LLC bought a new stake in Janus Henderson Group during the 3rd quarter worth approximately $36,000. Addison Advisors LLC raised its stake in shares of Janus Henderson Group by 42.3% in the third quarter. Addison Advisors LLC now owns 818 shares of the company’s stock worth $36,000 after purchasing an additional 243 shares during the last quarter. Finally, Traub Capital Management LLC bought a new position in shares of Janus Henderson Group in the second quarter valued at approximately $37,000. 87.94% of the stock is currently owned by institutional investors and hedge funds.

Janus Henderson Group Stock Performance

NYSE JHG opened at $51.50 on Friday. The company has a market capitalization of $7.93 billion, a PE ratio of 9.79, a price-to-earnings-growth ratio of 1.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.50 and a current ratio of 4.18. Janus Henderson Group plc has a 52-week low of $28.26 and a 52-week high of $53.76. The company has a 50-day simple moving average of $48.73 and a 200 day simple moving average of $45.73.

Janus Henderson Group (NYSE:JHG) last released its earnings results on Friday, January 30th. The company reported $2.01 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.82. Janus Henderson Group had a net margin of 25.83% and a return on equity of 14.70%. The firm had revenue of $996.60 million for the quarter, compared to analysts’ expectations of $763.09 million. During the same period in the previous year, the company earned $1.07 earnings per share. The company’s quarterly revenue was up 61.3% on a year-over-year basis. On average, research analysts predict that Janus Henderson Group plc will post 3.75 EPS for the current year.

Wall Street Analyst Weigh In

JHG has been the subject of several recent research reports. TD Cowen downgraded Janus Henderson Group from a “buy” rating to a “hold” rating and set a $49.00 price target for the company. in a report on Tuesday, December 23rd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Janus Henderson Group in a report on Monday, December 29th. Morgan Stanley upped their target price on shares of Janus Henderson Group from $46.00 to $48.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 17th. Bank of America restated a “neutral” rating and set a $49.00 price target (down from $54.00) on shares of Janus Henderson Group in a report on Monday, January 5th. Finally, Zacks Research raised shares of Janus Henderson Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, February 10th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Janus Henderson Group presently has an average rating of “Moderate Buy” and a consensus price target of $47.38.

Insider Activity at Janus Henderson Group

In other news, CTO William B. Cassidy sold 16,947 shares of the company’s stock in a transaction on Friday, February 27th. The stock was sold at an average price of $52.27, for a total transaction of $885,819.69. Following the transaction, the chief technology officer owned 118,939 shares of the company’s stock, valued at $6,216,941.53. This represents a 12.47% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Ali Dibadj sold 127,632 shares of the stock in a transaction on Tuesday, February 17th. The stock was sold at an average price of $49.12, for a total value of $6,269,283.84. Following the transaction, the chief executive officer owned 449,078 shares of the company’s stock, valued at $22,058,711.36. The trade was a 22.13% decrease in their position. The SEC filing for this sale provides additional information. 19.60% of the stock is currently owned by corporate insiders.

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.