Mirae Asset Global Investments Co. Ltd. Purchases 11,435 Shares of Janus Henderson Group plc (NYSE:JHG)

Mirae Asset Global Investments Co. Ltd. boosted its position in Janus Henderson Group plc (NYSE:JHG) by 12.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 103,653 shares of the company’s stock after acquiring an additional 11,435 shares during the period. Mirae Asset Global Investments Co. Ltd. owned 0.07% of Janus Henderson Group worth $3,729,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in JHG. Truist Financial Corp boosted its holdings in Janus Henderson Group by 110.2% in the fourth quarter. Truist Financial Corp now owns 5,426 shares of the company’s stock valued at $231,000 after acquiring an additional 2,845 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Janus Henderson Group by 3.1% in the fourth quarter. Bank of New York Mellon Corp now owns 1,064,556 shares of the company’s stock valued at $45,276,000 after acquiring an additional 32,346 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Janus Henderson Group in the fourth quarter valued at about $997,000. US Bancorp DE boosted its holdings in Janus Henderson Group by 2.3% in the fourth quarter. US Bancorp DE now owns 11,003 shares of the company’s stock valued at $468,000 after acquiring an additional 243 shares during the last quarter. Finally, Bailard Inc. boosted its holdings in Janus Henderson Group by 2.5% during the fourth quarter. Bailard Inc. now owns 19,357 shares of the company’s stock worth $823,000 after buying an additional 464 shares during the last quarter. Institutional investors own 87.94% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Evercore ISI raised their target price on Janus Henderson Group from $33.00 to $35.00 and gave the stock an “in-line” rating in a report on Friday, May 2nd. The Goldman Sachs Group reduced their target price on Janus Henderson Group from $47.00 to $41.00 and set a “neutral” rating on the stock in a report on Thursday, April 3rd. Wells Fargo & Company reduced their target price on Janus Henderson Group from $46.00 to $36.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 8th. Cowen restated a “buy” rating on shares of Janus Henderson Group in a report on Wednesday, May 14th. Finally, Wall Street Zen cut Janus Henderson Group from a “buy” rating to a “hold” rating in a report on Tuesday, March 25th. Six analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $42.78.

Janus Henderson Group Trading Up 1.5%

NYSE:JHG opened at $39.44 on Wednesday. Janus Henderson Group plc has a fifty-two week low of $28.26 and a fifty-two week high of $46.68. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.38 and a quick ratio of 2.67. The stock has a market capitalization of $6.21 billion, a PE ratio of 15.65, a price-to-earnings-growth ratio of 1.36 and a beta of 1.43. The business’s 50-day simple moving average is $36.47 and its 200-day simple moving average is $38.54.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, May 1st. The company reported $0.79 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.07. Janus Henderson Group had a return on equity of 12.13% and a net margin of 15.56%. The business had revenue of $621.40 million for the quarter, compared to analysts’ expectations of $623.56 million. During the same quarter in the previous year, the business posted $0.71 EPS. Janus Henderson Group’s revenue for the quarter was up 12.6% on a year-over-year basis. Sell-side analysts expect that Janus Henderson Group plc will post 3.75 earnings per share for the current fiscal year.

Janus Henderson Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 29th. Stockholders of record on Monday, May 12th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 4.06%. The ex-dividend date was Monday, May 12th. This is a boost from Janus Henderson Group’s previous quarterly dividend of $0.39. Janus Henderson Group’s payout ratio is 63.49%.

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.