On June 1, 2023, Franklin Resources Inc.’s recent disclosure with the Securities & Exchange Commission revealed that its holdings in Janus Henderson Group plc (NYSE:JHG) were boosted by 0.9% during the fourth quarter. This was done by purchasing an additional 3,814 shares of company stock, bringing their total ownership to 420,509 shares worth $9,890,000 at the end of the reporting period. Although this may seem like a minor increase in holdings, it indicates that Franklin Resources Inc. continues to view Janus Henderson Group as a valuable investment opportunity.
Janus Henderson Group recently announced its quarterly dividend with shareholders receiving a $0.39 payment on May 31st for those holding shares on or before May 15th. This quarterly dividend represents an annualized dividend of $1.56 and equates to a yield of 5.93%. The payout ratio is currently at 73.24%, indicating that Janus Henderson Group remains committed to providing consistent returns to its shareholders.
In terms of leadership transitions within the company itself, CAO Brennan A. Hughes sold 1,874 shares of business stock at an average price of $26.69 per share on May 8th for a total transaction value of $50,017.06. Following the sale’s completion, he still holds nearly one-fourth ownership in the company at 4 and a half thousand shares costing over $121k each.
Overall, these financial reports serve as a testament to both institutions’ continued dedication towards maximizing shareholder value while simultaneously making calculated investments for future growth and profitability activities; all while keeping insider trading under close watch by filing necessary disclosures with SEC officials as part of regulatory procedures presently dictating transactions limits for top-ranking executives concerning corporate equity percentages held personally or under direct control thereof from salaries earned handling such assets in various capacities throughout organizations purchased stock together where affordable transactions meet SEC profitability standards now being enforced.
[bs_slider_forecast ticker=”JHG”]
Major Investors Boost Stakes in Janus Henderson Group Amid Mixed Analyst Views on Performance
Janus Henderson Group, a leading global provider of investment management solutions, has attracted the interest of a number of major investors who have either bought or sold shares in the company. According to reports, firms such as Parallel Advisors LLC and Cubist Systematic Strategies LLC boosted their stakes in Janus Henderson Group by 88.4% and 2.5% respectively over recent months. Meanwhile, Yousif Capital Management LLC, ProShare Advisors LLC and Quadrant Capital Group LLC also saw significant boosts to their stakes in the company over the same period. In total, it is believed that 85% of Janus Henderson Group’s stock is owned by institutional investors and hedge funds.
A range of analysts have recently commented on Janus Henderson Group’s position in the market, with varying opinions on its performance. Citigroup raised its price target for the firm from $25.30 to $26.90 based on positive developments within the business. Credit Suisse Group similarly raised its rating for Janus Henderson Group from an “underperform” to a “neutral” rating and increased its price target from $22.00 to $23.00 due to similar reasons.
However, Evercore ISI reduced its price target for the company from $25.00 to $24.00 earlier this year due to concerns about its profits while StockNews.com granted it a ‘hold’ rating without expanding further.
Additionally Wells Fargo & Company updated its ratings of JHG stock from $24 to $26 citing an ‘underweight’ position which was reflective of downsides compared to benefits presented when investing in this company.
Despite mixed messages from analysts regarding earnings estimates as well potential market fluctuations affecting returns one thing remains unchanged; The firm recently announced a quarterly dividend which stood at around $0.39 per share with an ex-dividend date falling on May 12th as payers looked forward to collecting payouts whilst ignoring the lacklustre ratings.
Despite some directional disparity, the median price target now stands at $23.11 according to data from Bloomberg.com.
Analysts predict that Janus Henderson Group’s posted earnings results for quarter two of 2023 with an estimated expectation of $0.85 per share in earnings compared to past performance hitting its earnings mark by achieving earnings of $0.55 per share during Q2 2022 beating forecasts marginally..
As it stands, JHG stock is currently trading at $26.29 by open on June 1, and has a market capitalisation value around $4.36 billion, with a P/E ratio of 12.34 and a PEG ratio of 3.91 while the stock has had a fifty-two week high and low standing at $31.30 and $19.09 respectively; placing investors in prime position to trade shares in the relatively stable company despite mixed opinions from Wall Street analysts.
