Confluence Wealth Services Inc. Grows Position in Janus Henderson Group plc (NYSE:JHG)

Confluence Wealth Services Inc. grew its stake in shares of Janus Henderson Group plc (NYSE:JHG) by 6.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 31,654 shares of the company’s stock after purchasing an additional 1,838 shares during the period. Confluence Wealth Services Inc.’s holdings in Janus Henderson Group were worth $1,205,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Duality Advisers LP acquired a new position in Janus Henderson Group during the first quarter worth about $2,741,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Janus Henderson Group by 163.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 47,083 shares of the company’s stock valued at $1,549,000 after purchasing an additional 29,181 shares in the last quarter. Russell Investments Group Ltd. raised its holdings in Janus Henderson Group by 77.7% during the first quarter. Russell Investments Group Ltd. now owns 251,853 shares of the company’s stock worth $8,283,000 after purchasing an additional 110,136 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its position in Janus Henderson Group by 33.3% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 125,173 shares of the company’s stock worth $4,052,000 after purchasing an additional 31,261 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in Janus Henderson Group by 177.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 208,686 shares of the company’s stock valued at $6,865,000 after purchasing an additional 133,356 shares during the last quarter. 87.94% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Janus Henderson Group

In other news, CFO Roger Mj Thompson sold 9,000 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $35.38, for a total transaction of $318,420.00. Following the completion of the sale, the chief financial officer now owns 139,171 shares in the company, valued at approximately $4,923,869.98. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CAO Michelle Rosenberg sold 7,651 shares of Janus Henderson Group stock in a transaction on Monday, August 19th. The shares were sold at an average price of $36.51, for a total transaction of $279,338.01. Following the transaction, the chief accounting officer now owns 89,048 shares in the company, valued at approximately $3,251,142.48. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Roger Mj Thompson sold 9,000 shares of the stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $35.38, for a total value of $318,420.00. Following the completion of the sale, the chief financial officer now owns 139,171 shares of the company’s stock, valued at approximately $4,923,869.98. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 25,651 shares of company stock worth $918,158 in the last three months. 19.60% of the stock is currently owned by company insiders.

Janus Henderson Group Price Performance

JHG opened at $41.65 on Monday. Janus Henderson Group plc has a 1 year low of $23.98 and a 1 year high of $42.46. The company has a debt-to-equity ratio of 0.15, a quick ratio of 2.67 and a current ratio of 4.05. The company’s 50 day simple moving average is $38.39 and its 200 day simple moving average is $35.60. The stock has a market capitalization of $6.63 billion, a PE ratio of 16.46, a P/E/G ratio of 0.79 and a beta of 1.49.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings data on Thursday, October 31st. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.11. The company had revenue of $624.80 million during the quarter, compared to analysts’ expectations of $600.88 million. Janus Henderson Group had a net margin of 17.33% and a return on equity of 11.49%. The business’s quarterly revenue was up 19.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.64 EPS. As a group, sell-side analysts expect that Janus Henderson Group plc will post 3.28 EPS for the current year.

Janus Henderson Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 27th. Shareholders of record on Wednesday, November 27th will be paid a dividend of $0.39 per share. The ex-dividend date is Wednesday, November 27th. This represents a $1.56 annualized dividend and a yield of 3.75%. Janus Henderson Group’s dividend payout ratio is presently 61.66%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. TD Cowen lifted their price target on Janus Henderson Group from $46.00 to $50.00 and gave the stock a “buy” rating in a research note on Friday. Morgan Stanley lifted their target price on shares of Janus Henderson Group from $39.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Janus Henderson Group from $40.00 to $42.00 and gave the stock a “hold” rating in a research note on Friday. The Goldman Sachs Group increased their target price on Janus Henderson Group from $36.00 to $37.00 and gave the company a “sell” rating in a report on Thursday, October 3rd. Finally, StockNews.com downgraded Janus Henderson Group from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.75.

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.