Janus Henderson Group (NYSE:JHG) Releases Earnings Results, Misses Estimates By $0.05 EPS

Janus Henderson Group (NYSE:JHG) announced its earnings results on Wednesday. The company reported $0.61 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.66 by ($0.05), Briefing.com reports. The firm had revenue of $525.90 million during the quarter, compared to analyst estimates of $539.37 million. Janus Henderson Group had a net margin of 20.23% and a return on equity of 10.47%. Janus Henderson Group’s revenue was down 11.2% on a year-over-year basis. During the same quarter last year, the business earned $0.74 earnings per share.

Shares of NYSE:JHG traded down $2.11 on Wednesday, hitting $20.07. 2,942,476 shares of the company were exchanged, compared to its average volume of 1,270,034. Janus Henderson Group has a 1-year low of $19.00 and a 1-year high of $33.04. The stock has a 50 day moving average price of $22.01. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.74 and a quick ratio of 1.94. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 7.32, a P/E/G ratio of 1.24 and a beta of 1.24.

Several large investors have recently bought and sold shares of the company. Silchester International Investors LLP lifted its stake in shares of Janus Henderson Group by 6.9% during the second quarter. Silchester International Investors LLP now owns 18,164,451 shares of the company’s stock worth $388,719,000 after buying an additional 1,168,347 shares during the period. BlackRock Inc. raised its holdings in shares of Janus Henderson Group by 37.1% during the first quarter. BlackRock Inc. now owns 15,985,123 shares of the company’s stock worth $399,310,000 after purchasing an additional 4,324,823 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Janus Henderson Group by 9.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,518,056 shares of the company’s stock worth $72,893,000 after purchasing an additional 315,866 shares during the last quarter. Norges Bank purchased a new position in shares of Janus Henderson Group during the fourth quarter worth $41,678,000. Finally, Geode Capital Management LLC raised its holdings in shares of Janus Henderson Group by 5.0% during the fourth quarter. Geode Capital Management LLC now owns 1,446,996 shares of the company’s stock worth $29,981,000 after purchasing an additional 68,425 shares during the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

Several equities research analysts have weighed in on JHG shares. Citigroup lowered their target price on shares of Janus Henderson Group from $25.50 to $23.55 and set a “neutral” rating for the company in a research note on Tuesday, July 9th. Macquarie downgraded shares of Janus Henderson Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, May 2nd. ValuEngine downgraded shares of Janus Henderson Group from a “sell” rating to a “strong sell” rating in a research note on Tuesday, April 9th. Bank of America set a $24.00 target price on shares of Janus Henderson Group and gave the company a “sell” rating in a research note on Tuesday, April 9th. Finally, Zacks Investment Research downgraded shares of Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Thursday, July 25th. Four investment analysts have rated the stock with a sell rating and seven have given a hold rating to the company. Janus Henderson Group currently has an average rating of “Hold” and an average target price of $27.44.

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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Earnings History for Janus Henderson Group (NYSE:JHG)

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