Janus Henderson Group plc (JHG) to Issue Quarterly Dividend of $0.39 on May 29th

Janus Henderson Group plc (NYSE:JHG) declared a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Shareholders of record on Monday, May 13th will be given a dividend of 0.39 per share on Wednesday, May 29th. This represents a $1.56 annualized dividend and a yield of 4.79%. The ex-dividend date is Friday, May 10th.

Janus Henderson Group has raised its dividend by an average of 2.7% annually over the last three years. Janus Henderson Group has a dividend payout ratio of 52.7% indicating that its dividend is sufficiently covered by earnings. Analysts expect Janus Henderson Group to earn $2.98 per share next year, which means the company should continue to be able to cover its $1.56 annual dividend with an expected future payout ratio of 52.3%.

Janus Henderson Group Stock Up 1.8 %

Shares of JHG traded up $0.59 during midday trading on Friday, reaching $32.55. 1,092,796 shares of the stock were exchanged, compared to its average volume of 951,980. The company has a current ratio of 3.89, a quick ratio of 2.76 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $31.77 and its two-hundred day moving average is $29.08. The company has a market capitalization of $5.25 billion, a P/E ratio of 12.28, a PEG ratio of 1.51 and a beta of 1.53. Janus Henderson Group has a 52 week low of $22.17 and a 52 week high of $33.25.

Janus Henderson Group (NYSE:JHG) last released its quarterly earnings data on Thursday, May 2nd. The company reported $0.71 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.08. The firm had revenue of $551.70 million for the quarter, compared to the consensus estimate of $547.20 million. Janus Henderson Group had a net margin of 19.89% and a return on equity of 10.02%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $0.55 earnings per share. On average, sell-side analysts anticipate that Janus Henderson Group will post 2.85 earnings per share for the current year.

Insider Transactions at Janus Henderson Group

In related news, CAO Brennan A. Hughes sold 1,812 shares of the stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $32.27, for a total value of $58,473.24. Following the transaction, the chief accounting officer now owns 3,535 shares in the company, valued at approximately $114,074.45. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, CAO Brennan A. Hughes sold 1,812 shares of the business’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $32.27, for a total value of $58,473.24. Following the completion of the transaction, the chief accounting officer now owns 3,535 shares of the company’s stock, valued at approximately $114,074.45. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Georgina Fogo sold 22,076 shares of the company’s stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $30.93, for a total value of $682,810.68. Following the completion of the sale, the insider now owns 101,623 shares in the company, valued at approximately $3,143,199.39. The disclosure for this sale can be found here. Insiders sold a total of 70,133 shares of company stock worth $2,172,459 over the last three months. 19.60% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on JHG. StockNews.com cut Janus Henderson Group from a “buy” rating to a “hold” rating in a research note on Friday. The Goldman Sachs Group lifted their price objective on shares of Janus Henderson Group from $29.00 to $32.00 and gave the stock a “sell” rating in a research report on Tuesday, April 2nd. UBS Group raised their target price on shares of Janus Henderson Group from $28.00 to $30.00 and gave the company a “sell” rating in a research note on Friday, April 12th. Morgan Stanley increased their price objective on Janus Henderson Group from $30.00 to $33.00 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Finally, JPMorgan Chase & Co. boosted their target price on Janus Henderson Group from $35.00 to $36.00 and gave the stock a “neutral” rating in a research note on Friday. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $28.93.

Janus Henderson Group Company Profile

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.