Wedge Capital Management L L P NC Sells 1,848 Shares of Janus Henderson Group plc (NYSE:JHG)

Wedge Capital Management L L P NC lowered its position in Janus Henderson Group plc (NYSE:JHG) by 4.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 36,157 shares of the company’s stock after selling 1,848 shares during the period. Wedge Capital Management L L P NC’s holdings in Janus Henderson Group were worth $1,376,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Miller Howard Investments Inc. NY increased its holdings 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 worth $402,000 after purchasing an additional 282 shares during the period. Abich Financial Wealth Management LLC increased its holdings 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 worth $61,000 after purchasing an additional 377 shares during the period. GAMMA Investing LLC increased its holdings in shares of Janus Henderson Group by 15.7% in the third quarter. GAMMA Investing LLC now owns 2,822 shares of the company’s stock worth $107,000 after purchasing an additional 382 shares during the period. Graypoint LLC increased its holdings in shares of Janus Henderson Group by 4.2% in the second quarter. Graypoint LLC now owns 10,221 shares of the company’s stock worth $345,000 after purchasing an additional 410 shares during the period. Finally, Retirement Systems of Alabama increased its holdings in shares of Janus Henderson Group by 0.3% in the first quarter. Retirement Systems of Alabama now owns 166,421 shares of the company’s stock worth $5,474,000 after purchasing an additional 439 shares during the period. Institutional investors own 87.94% of the company’s stock.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $35.60, for a total transaction of $320,400.00. Following the completion of the sale, the chief financial officer now directly owns 130,171 shares in the company, valued at approximately $4,634,087.60. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, major shareholder Henderson Group Plc Janus bought 189,856 shares of the company’s stock in a transaction dated Wednesday, July 24th. The stock was bought at an average cost of $3.20 per share, for a total transaction of $607,539.20. Following the completion of the acquisition, the insider now owns 2,081,168 shares in the company, valued at approximately $6,659,737.60. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $35.60, for a total transaction of $320,400.00. Following the completion of the transaction, the chief financial officer now directly owns 130,171 shares of the company’s stock, valued at approximately $4,634,087.60. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 25,651 shares of company stock worth $918,158. Company insiders own 19.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. TD Cowen upped their target price on shares of Janus Henderson Group from $37.00 to $38.00 and gave the stock a “buy” rating in a research report on Monday, July 8th. The Goldman Sachs Group upped their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “sell” rating in a research report on Thursday, October 3rd. UBS Group upgraded shares of Janus Henderson Group from a “sell” rating to a “neutral” rating and upped their target price for the stock from $33.00 to $37.00 in a research report on Monday, September 9th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Janus Henderson Group from $36.00 to $37.00 and gave the stock a “hold” rating in a research report on Thursday, August 15th. Finally, StockNews.com lowered shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, Janus Henderson Group currently has a consensus rating of “Hold” and an average price target of $37.00.

Janus Henderson Group Stock Performance

NYSE JHG opened at $40.54 on Thursday. The company has a 50-day simple moving average of $37.25 and a two-hundred day simple moving average of $34.86. The company has a quick ratio of 2.67, a current ratio of 4.05 and a debt-to-equity ratio of 0.07. Janus Henderson Group plc has a 12-month low of $22.17 and a 12-month high of $40.72. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 15.30, a PEG ratio of 0.75 and a beta of 1.50.

Janus Henderson Group (NYSE:JHG) last posted its quarterly earnings results on Thursday, August 1st. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.11. Janus Henderson Group had a net margin of 21.02% and a return on equity of 10.76%. The business had revenue of $588.40 million during the quarter, compared to analyst estimates of $568.79 million. During the same period in the prior year, the business posted $0.62 earnings per share. The company’s revenue was up 13.9% on a year-over-year basis. On average, equities analysts forecast that Janus Henderson Group plc will post 3.26 EPS for the current year.

Janus Henderson Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 28th. Stockholders of record on Monday, August 12th were issued a dividend of $0.39 per share. The ex-dividend date of this dividend was Monday, August 12th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 3.85%. Janus Henderson Group’s dividend payout ratio is currently 58.87%.

About Janus Henderson Group

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.