Janus Henderson Group (NYSE:JHG) Posts Quarterly Earnings Results, Misses Expectations By $0.11 EPS

Janus Henderson Group (NYSE:JHGGet Rating) released its quarterly earnings data on Wednesday. The company reported $0.75 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.11), MarketWatch Earnings reports. The company had revenue of $620.00 million during the quarter, compared to analyst estimates of $652.90 million. Janus Henderson Group had a net margin of 22.29% and a return on equity of 15.75%. The company’s quarterly revenue was down 3.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.91 EPS.

Shares of NYSE JHG opened at $28.77 on Thursday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 2.17 and a current ratio of 3.06. Janus Henderson Group has a 52 week low of $26.50 and a 52 week high of $48.55. The stock has a market capitalization of $4.86 billion, a P/E ratio of 8.01 and a beta of 1.45. The stock’s fifty day moving average is $33.34 and its 200 day moving average is $38.65.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 31st. Investors of record on Monday, May 16th will be given a $0.39 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.42%. This is a boost from Janus Henderson Group’s previous quarterly dividend of $0.38. Janus Henderson Group’s dividend payout ratio (DPR) is presently 42.34%.

JHG has been the subject of several recent analyst reports. Macquarie downgraded Janus Henderson Group from an “outperform” rating to a “neutral” rating in a report on Friday, February 4th. StockNews.com initiated coverage on Janus Henderson Group in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research downgraded Janus Henderson Group from a “hold” rating to a “sell” rating in a report on Thursday, March 10th. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Janus Henderson Group from $31.00 to $25.00 in a report on Thursday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.13.

In other Janus Henderson Group news, CEO Richard M. Weil sold 63,569 shares of the business’s stock in a transaction that occurred on Monday, February 7th. The shares were sold at an average price of $36.12, for a total transaction of $2,296,112.28. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward P. Garden purchased 201,005 shares of the company’s stock in a transaction dated Thursday, March 31st. The shares were acquired at an average cost of $35.71 per share, with a total value of $7,177,888.55. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 2,658,787 shares of company stock worth $85,656,066 and sold 64,769 shares worth $2,340,086. 18.10% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. LPL Financial LLC boosted its stake in Janus Henderson Group by 3.3% during the third quarter. LPL Financial LLC now owns 13,807 shares of the company’s stock worth $571,000 after acquiring an additional 436 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Janus Henderson Group by 4.7% in the 4th quarter. Cubist Systematic Strategies LLC now owns 20,200 shares of the company’s stock valued at $847,000 after buying an additional 910 shares during the period. Integrated Wealth Concepts LLC increased its holdings in shares of Janus Henderson Group by 18.9% during the fourth quarter. Integrated Wealth Concepts LLC now owns 7,219 shares of the company’s stock valued at $303,000 after acquiring an additional 1,150 shares in the last quarter. Comerica Bank grew its position in Janus Henderson Group by 2.1% in the 4th quarter. Comerica Bank now owns 92,933 shares of the company’s stock valued at $3,330,000 after purchasing an additional 1,867 shares during the period. Finally, Forum Financial Management LP bought a new stake in Janus Henderson Group during the 4th quarter valued at $217,000. Institutional investors own 78.39% of the company’s stock.

About Janus Henderson Group (Get Rating)

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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Earnings History for Janus Henderson Group (NYSE:JHG)

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