Sun Sep 15 12:43:19 UTC 2024: ## Institutional Investors Reshape Holdings in Janus Henderson Group

**New York, NY (MarketBeat News) -** Jupiter Asset Management Ltd. significantly reduced its stake in Janus Henderson Group plc (NYSE: JHG) during the second quarter, according to its latest 13F filing. The fund sold 90.2% of its holdings, leaving it with only 6,154 shares valued at $207,000.

Meanwhile, other institutional investors have been active in the company. Norges Bank acquired a new position in JHG worth approximately $20.8 million during the fourth quarter. Smith Group Asset Management and CHURCHILL MANAGEMENT Corp also established new positions in the first quarter, valued at $7.2 million and $6.8 million respectively.

Jacobs Levy Equity Management Inc. and Price T Rowe Associates Inc. MD significantly increased their stakes in JHG during the first quarter, by 124.5% and 177% respectively. Institutional ownership in the company currently stands at 87.94%.

Recent analyst activity reflects a mixed outlook on JHG. Deutsche Bank Aktiengesellschaft and Wells Fargo & Company have issued “hold” and “equal weight” ratings respectively, with price targets of $37.00. UBS Group upgraded its rating from “sell” to “neutral” and raised its price target to $37.00, while JPMorgan Chase & Co. and TD Cowen both increased their price targets to $39.00 and $38.00 respectively. Overall, the stock has a consensus “hold” rating with an average price target of $33.33.

Inside trading activity has been noteworthy. Henderson Group Plc Janus, a major shareholder, acquired 28,326 shares in July, while CFO Roger Mj Thompson sold 9,000 shares in September. Overall, insiders have purchased more shares than they have sold in the last 90 days, owning 19.60% of the company’s stock.

JHG stock opened at $36.20 on Friday, with a 52-week low of $22.17 and a 52-week high of $39.11. The company reported strong earnings in August, exceeding analysts’ expectations with $0.85 EPS. It also announced a quarterly dividend of $0.39, representing an annualized dividend of $1.56 and a yield of 4.31%.

Janus Henderson Group plc operates as an asset management holding entity, providing services to institutional, retail, and high-net-worth clients. It manages equity, fixed income, and balanced mutual funds for its clients.

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