Kingsview Wealth Management LLC Reduces Position in Janus Henderson Group plc (NYSE:JHG)

Kingsview Wealth Management LLC trimmed its stake in Janus Henderson Group plc (NYSE:JHG) by 15.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 85,751 shares of the company’s stock after selling 15,926 shares during the quarter. Kingsview Wealth Management LLC owned approximately 0.05% of Janus Henderson Group worth $3,265,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Huntington National Bank raised its stake in Janus Henderson Group by 24.5% in the 3rd quarter. Huntington National Bank now owns 1,219 shares of the company’s stock valued at $46,000 after purchasing an additional 240 shares during the last quarter. Miller Howard Investments Inc. NY raised its position in shares of Janus Henderson Group by 2.4% in the second quarter. Miller Howard Investments Inc. NY now owns 11,928 shares of the company’s stock valued at $402,000 after buying an additional 282 shares during the last quarter. Abich Financial Wealth Management LLC raised its position in shares of Janus Henderson Group by 26.5% in the second quarter. Abich Financial Wealth Management LLC now owns 1,797 shares of the company’s stock valued at $61,000 after buying an additional 377 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Janus Henderson Group by 15.7% during the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock valued at $107,000 after buying an additional 382 shares during the period. Finally, Graypoint LLC boosted its position in Janus Henderson Group by 4.2% during the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock worth $345,000 after acquiring an additional 410 shares during the last quarter. 87.94% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on JHG. The Goldman Sachs Group boosted their price target on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. Morgan Stanley upped their target price on Janus Henderson Group from $39.00 to $42.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. JPMorgan Chase & Co. raised their price target on Janus Henderson Group from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, August 2nd. Deutsche Bank Aktiengesellschaft lifted their price target on Janus Henderson Group from $42.00 to $44.00 and gave the company a “hold” rating in a report on Monday, November 11th. Finally, TD Cowen increased their price objective on shares of Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a report on Friday, November 1st. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.75.

Insider Activity at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $35.60, for a total value of $320,400.00. Following the completion of the sale, the chief financial officer now owns 130,171 shares of the company’s stock, valued at $4,634,087.60. This represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 20.00% of the stock is owned by insiders.

Janus Henderson Group Stock Performance

NYSE JHG opened at $45.17 on Monday. The company has a debt-to-equity ratio of 0.09, a current ratio of 3.08 and a quick ratio of 2.08. Janus Henderson Group plc has a 1-year low of $25.39 and a 1-year high of $45.67. The firm has a market capitalization of $7.18 billion, a P/E ratio of 17.85, a P/E/G ratio of 0.59 and a beta of 1.49. The business’s 50-day simple moving average is $40.71 and its 200-day simple moving average is $36.92.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.91 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.11. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The firm had revenue of $624.80 million for the quarter, compared to analysts’ expectations of $600.88 million. During the same period in the previous year, the company posted $0.64 earnings per share. Janus Henderson Group’s revenue was up 19.9% compared to the same quarter last year. Equities analysts predict that Janus Henderson Group plc will post 3.43 EPS for the current year.

Janus Henderson Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Investors of record on Wednesday, November 27th will be issued a $0.39 dividend. The ex-dividend date is Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.45%. Janus Henderson Group’s dividend payout ratio is currently 61.66%.

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.