Bank of New York Mellon Reduces Stake in Janus Henderson Group

Bank of New York Mellon Corp has decreased its holdings in Janus Henderson Group plc by 3.3%, selling 33,564 shares during the second quarter of 2023. According to the company’s latest Form 13F filing with the Securities and Exchange Commission, Bank of New York Mellon now owns 991,386 shares, representing approximately 0.64% of Janus Henderson Group’s stock, valued at $38.5 million.

Several institutional investors have also adjusted their positions in Janus Henderson Group. For instance, AMG National Trust Bank increased its stake by 0.9%, now holding 26,738 shares worth $1.04 million after acquiring an additional 237 shares. Similarly, the Louisiana State Employees Retirement System raised its position by 0.8%, purchasing 35,600 shares valued at $1.29 million.

Other notable changes include Arete Wealth Advisors LLC, which increased its stake by 2.4%, and Mubadala Investment Co PJSC, which raised its holdings by 0.6%. As of the latest reporting, institutional investors collectively own 87.94% of Janus Henderson Group’s stock.

Analysts Provide Positive Outlook

Recent analyses of Janus Henderson Group’s stock reflect a positive outlook. On October 6, 2023, Morgan Stanley reaffirmed a “positive” rating on the shares. Zacks Research upgraded the rating from “hold” to “strong-buy” on October 13, 2023. Furthermore, Bank of America increased its price target from $49.00 to $50.00, maintaining a “buy” rating.

The consensus rating for Janus Henderson Group currently stands at “Buy,” with an average target price of $48.11. The stock has received ratings of “Strong Buy” from two analysts, “Buy” from eight, and “Hold” from two.

Insider Transactions and Stock Performance

In a significant insider transaction, Chief Financial Officer Roger Mj Thompson sold 27,491 shares on September 11, 2023, at an average price of $45.26, totaling $1.24 million. After this transaction, Thompson holds 113,097 shares valued at approximately $5.12 million, marking a 19.55% decrease in his ownership.

As of October 30, 2023, shares of Janus Henderson Group opened at $44.44, with a one-year range between $28.26 and $49.42. The company boasts a market capitalization of $6.86 billion, a price-to-earnings ratio of 16.71, and a price-to-earnings-growth ratio of 0.96. Financial metrics indicate a debt-to-equity ratio of 0.08, along with a current ratio of 4.49 and a quick ratio of 3.91.

Janus Henderson Group recently reported earnings of $1.09 per share for the last quarter, exceeding analysts’ expectations of $1.01 by $0.08. The firm reported revenue of $700.4 million, a 12.1% increase compared to the same quarter last year.

In addition, the company announced a quarterly dividend of $0.40, to be paid on November 26, 2023, to shareholders of record on November 10, 2023. This represents an annualized dividend of $1.60 and a yield of 3.6%, with a payout ratio of 46.92%.

Janus Henderson Group plc operates as an asset management firm, providing services to a diverse range of clients, including institutional, retail, and high-net-worth individuals. It manages equity, fixed income, and balanced mutual funds alongside client-focused portfolios.