Janus Henderson Group (JHG) Hits New 52-Week Low at $30.60

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Shares of Janus Henderson Group PLC (NYSE:JHG) reached a new 52-week low during trading on Wednesday . The stock traded as low as $30.60 and last traded at $30.61, with a volume of 698468 shares traded. The stock had previously closed at $31.68.

Several analysts have commented on JHG shares. ValuEngine cut shares of Janus Henderson Group from a “hold” rating to a “sell” rating in a research note on Friday, June 1st. Zacks Investment Research raised shares of Janus Henderson Group from a “sell” rating to a “hold” rating in a research note on Saturday, April 21st. Bank of America cut shares of Janus Henderson Group from a “neutral” rating to an “underperform” rating and set a $32.00 target price for the company. in a research note on Monday, April 9th. Finally, Citigroup raised shares of Janus Henderson Group from a “neutral” rating to a “buy” rating in a research note on Friday, April 20th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company’s stock. Janus Henderson Group currently has an average rating of “Hold” and an average target price of $37.50.

The company has a market capitalization of $6.13 billion, a P/E ratio of 12.39, a P/E/G ratio of 1.05 and a beta of 1.52. The company has a current ratio of 2.66, a quick ratio of 1.73 and a debt-to-equity ratio of 0.07.

Janus Henderson Group (NYSE:JHG) last announced its quarterly earnings results on Wednesday, May 9th. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.66 by $0.05. The company had revenue of $587.70 million for the quarter, compared to analyst estimates of $559.92 million. Janus Henderson Group had a net margin of 36.82% and a return on equity of 11.54%. The company’s revenue for the quarter was up 152.2% on a year-over-year basis. analysts predict that Janus Henderson Group PLC will post 2.92 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, June 1st. Shareholders of record on Monday, May 21st were issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 4.69%. The ex-dividend date was Friday, May 18th. This is a positive change from Janus Henderson Group’s previous quarterly dividend of $0.32. Janus Henderson Group’s dividend payout ratio (DPR) is 58.06%.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of Janus Henderson Group in the 1st quarter valued at $323,000. Allianz Asset Management GmbH acquired a new position in shares of Janus Henderson Group during the 1st quarter valued at $5,197,000. Millennium Management LLC lifted its holdings in shares of Janus Henderson Group by 1.8% during the 1st quarter. Millennium Management LLC now owns 914,877 shares of the company’s stock valued at $30,273,000 after acquiring an additional 16,092 shares in the last quarter. Assetmark Inc. acquired a new position in shares of Janus Henderson Group during the 1st quarter valued at $169,000. Finally, Kiwi Wealth Investments Limited Partnership acquired a new position in shares of Janus Henderson Group during the 1st quarter valued at $1,679,000. Institutional investors own 50.56% of the company’s stock.

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.

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